Credit Analysts Salary in Michigan
SOC 13-2041 · Michigan · BLS OEWS May 2024
The median salary for Credit Analysts in Michigan is $72,634 per year ($34.92/hr). This is 10.3% lower than the national median of $80,974. The middle 50% earn between $60,840 and $84,698 annually. Top earners at the 90th percentile reach $128,606.
Wage Percentiles: Michigan
| Percentile | Hourly Rate | Annual Salary | vs National |
|---|---|---|---|
| P10 | $23.64 | $49,171 | -7.1% |
| P25 | $29.25 | $60,840 | -4.7% |
| P50MEDIAN | $34.92 | $72,634 | -10.3% |
| P75 | $40.72 | $84,698 | -25.6% |
| P90 | $61.83 | $128,606 | -23.8% |
Market Context Signal
Financial activities openings fell 28K but hiring actually rose 40K, bucking the broader downtrend. Quit rates at 1.2% signal deep employee retention. One of the most employer-favorable sectors.
Frequently Asked Questions
What is the median credit analysts salary in Michigan?
The median (P50) annual salary for Credit Analysts in Michigan is approximately $72,634, based on BLS OEWS May 2024 data adjusted for regional cost factors. This is 10.3% lower than the national median of $80,974.
What is the salary range for entry-level credit analysts in Michigan?
Entry-level Credit Analysts (10th percentile) in Michigan earn approximately $49,171 per year. The 25th percentile is $60,840. Top earners (90th percentile) reach $128,606.
How does Michigan compare to the national average for credit analysts?
Michigan pays 10.3% lower than the national average. The national P50 is $80,974 vs $72,634 in Michigan. Based on BLS national data adjusted for regional cost factors.
Credit Analysts Salary by Location
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