Credit Analyst Salary in Minnesota
Based on 1K+ workers in Minnesota
Median Annual Salary (MN)
$82,630
$39.73/hr
vs National Average
$81,630
+1.2% vs national median
Salary Range (10th–90th)
$61K – $132K
1K employed in Minnesota
Credit Analyst salary in Minnesota averages $82,630 per year, positioning the state slightly above the national average at 1% higher. Approximately 1,110 credit analysts work throughout Minnesota, contributing to a steady job market in this financial services field. Salaries in the state typically range from $60,530 to $131,610 annually, reflecting variation based on experience and employer type.
Several factors influence Credit Analyst salary levels in Minnesota, including years of experience, employer size, and industry focus. Financial institutions, credit card companies, and larger corporations tend to offer higher compensation packages. Geographic location within the state, specific certifications, and educational background also play significant roles in determining individual earning potential and career progression opportunities.
Salary Distribution — Credit Analyst in Minnesota
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $60,530 |
| 25th percentile | $73,080 |
| Median (50th percentile) | $82,630 |
| 75th percentile | $102,030 |
| 90th percentile | $131,610 |
Top-Paying Industries for Credit Analyst (U.S.)
Which industries pay Credit Analysts the most — nationwide figures (industry-level data is not available by state). Credit Analysts in Minnesota tend to follow these industry patterns.
| Industry (U.S.) | Median Salary | Employed (U.S.) |
|---|---|---|
| Finance and Insurance | $87,260 | 46K |
| Real Estate and Rental and Leasing | $87,020 | 460 |
| Administrative and Support Services | $83,480 | 2K |
| Utilities | $83,320 | 90 |
| Management of Companies and Enterprises | $83,190 | 8K |
Source: U.S. BLS OEWS National Industry-Specific estimates, May 2025. National figures (not state-specific).
Historical Salary Trend — Credit Analyst in Minnesota vs National
| Year | Median Salary (Minnesota) |
|---|---|
| 2022 | $79,300 |
| 2023 | $75,980 |
| 2024 | $79,280 |
| 2025 | $82,630 |
| 2026 (projected) | $86,122 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | Minnesota Median | National Median |
|---|---|---|
| 2022 | $79,300 | $73,733 |
| 2023 | $75,980 | $75,422 |
| 2024 | $79,280 | $78,827 |
| 2025 | $82,630 | $81,630 |
| 2026 (projected) | $86,122 | $85,079 |
Credit Analyst Salary by Experience Level in Minnesota
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $73,080 |
| Mid-level | 3-5 yrs | $82,630 |
| Senior | 6-9 yrs | $102,030 |
| Staff / Lead | 10+ yrs | $131,610 |
Credit Analyst Salary in Other States
Related Credit Analyst Salaries in Minnesota
How other high-demand occupations in Minnesota compare to Credit Analyst ($82,630 median).
| Occupation | Median Salary | vs Credit Analyst | Hourly |
|---|---|---|---|
| Financial Manager in MN | $163,410 | +97.8% | $78.56/hr |
| Actuary in MN | $128,100 | +55.0% | $61.59/hr |
| Economist in MN | $105,120 | +27.2% | $50.54/hr |
| Financial Examiner in MN | $104,260 | +26.2% | $50.13/hr |
| Financial Analyst in MN | $102,990 | +24.6% | $49.51/hr |
| Personal Financial Advisor in MN | $102,660 | +24.2% | $49.36/hr |
| Loan Officer in MN | $95,170 | +15.2% | $45.75/hr |
| Budget Analyst in MN | $85,970 | +4.0% | $41.33/hr |
| Compliance Officer in MN | $85,920 | +4.0% | $41.31/hr |
| Securities Sales Agent in MN | $83,350 | +0.9% | $40.07/hr |
| Tax Examiner in MN | $83,280 | +0.8% | $40.04/hr |
| Accountant in MN | $81,600 | -1.2% | $39.23/hr |
Frequently Asked Questions
How much do credit analysts make in Minnesota?
- Credit analysts in Minnesota earn a median salary of $82,630 per year, or approximately $40 per hour. This is 1.2% higher than the national average for this position.
What is the salary range for credit analysts in Minnesota?
- Credit analyst salaries in Minnesota typically range from $60,530 at the lower end to $131,610 at the higher end, depending on experience and qualifications.
How many credit analysts are employed in Minnesota?
- There are approximately 1,110 credit analysts currently employed in Minnesota, indicating a stable job market for this profession in the state.
Is the credit analyst salary in Minnesota above the national average?
- Yes, Minnesota's median credit analyst salary of $82,630 per year is 1.2% higher than the national average, making it a slightly more competitive market for this role.