Credit Analysts Pay Range in Michigan
Pay distribution across experience levels
- 10th Percentile — Entry Level$51,170
- 25th Percentile — Junior$61,520
- 50th Percentile — Median$74,640
- 75th Percentile — Senior$82,050
- 90th Percentile — Top Earners$108,870
Half of Credit Analysts in Michigan earn more than $74,640. The top 10% make $108,870 or more, while entry-level workers start around $51,170.
Credit Analysts in Michigan: Key Facts
Source: BLS OEWS May 2025
- Michigan ranks 47th of 51 states for Credit Analysts pay, at $77,940 per year (22.7% below the U.S. average of $100,850).
- 1,510 people work as Credit Analysts in Michigan — 2.3% of all U.S. Credit Analysts jobs.
- Location quotient 0.83: Credit Analysts jobs are less concentrated in Michigan than in the U.S. overall.
- Pay range: the lowest-paid 10% earn under $51,170; the top 10% earn over $108,870.
- Hourly equivalent: $37.47 per hour (2,080 hours/year).
- The highest-paying state is New York at $150,390.
- Among business jobs in Michigan, Personal Financial Advisors pays the most ($121,890).
Credit Analysts Job Market in Michigan
Key factors affecting compensation
Michigan's key industries are Automotive, Healthcare, Technology, and its job market is rated moderate. Credit Analysts here earn $77,940 on average, placing the state 47th nationally.
With a cost-of-living index of 0.9 (U.S. = 1.00), a Michigan salary of $77,940 is roughly equivalent to $86,600 at the national average cost of living.
Compared with nearby states in the pay ranking, New Mexico ($80,310), North Dakota ($80,080), Wisconsin ($79,960) are the closest alternatives for Credit Analysts weighing a move.
U.S. Bureau of Labor Statistics · Occupational Employment and Wage Statistics (OES) · May 2025
Other Business Jobs in Michigan
Related career salary benchmarks
- Personal Financial Advisors $121,890/yr Michigan +56.4% vs this role
- Project Management Specialists $104,690/yr Michigan +34.3% vs this role
- Financial and Investment Analysts $104,060/yr Michigan +33.5% vs this role
- Budget Analysts $102,500/yr Michigan +31.5% vs this role
- Management Analysts $100,800/yr Michigan +29.3% vs this role
- Logisticians $90,350/yr Michigan +15.9% vs this role
- Business Operations Specialists All Other $88,290/yr Michigan +13.3% vs this role
- Accountants and Auditors $86,990/yr Michigan +11.6% vs this role
Frequently Asked Questions
Common questions about this salary
What is the average Credit Analysts salary in Michigan?
The average Credit Analysts salary in Michigan is $77,940 per year (median $74,640), which is 22.7% below the national average of $100,850.
How does Michigan rank for Credit Analysts pay?
Michigan ranks 47th out of 51 states. The highest-paying state is New York ($150,390/yr).
How much do entry-level Credit Analysts make in Michigan?
The lowest-paid 10% of Credit Analysts in Michigan earn about $51,170 per year and the 25th percentile is $61,520.
How much do Credit Analysts make per hour in Michigan?
About $37.47 per hour, based on the $77,940 annual average and 2,080 working hours per year.
How many Credit Analysts work in Michigan?
BLS counts 1,510 Credit Analysts jobs in Michigan (OEWS May 2025).
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