The average salary for a credit analyst in Michigan is around $74,640 per year.
Avg Salary
Credit analysts earn an average yearly salary of $74,640.
Wages typically start from $51,170 and go up to $108,870.
13% above national average Updated in 2025
Credit analyst earnings by seniority
90th percentile
Top-level credit analyst earnings begin at:
$52.34 per hour
$108,870 per year
75th percentile
Senior-level credit analyst earnings begin at:
$39.45 per hour
$82,050 per year
50th percentile
Mid-level credit analyst earnings begin at:
$35.89 per hour
$74,640 per year
25th percentile
Junior-level credit analyst earnings begin at:
$29.58 per hour
$61,520 per year
10th percentile
Starting level credit analyst earnings begin at:
$24.60 per hour
$51,170 per year
Approximate values based on highest and lowest earning segments.
Credit analyst salary by state
| State Name | Average Salary |
|---|---|
| Hawaii | $98,900 |
| Connecticut | $98,230 |
| California | $97,860 |
| Massachusetts | $97,080 |
| Delaware | $94,680 |
| North Carolina | $94,570 |
| Washington | $91,160 |
| Rhode Island | $85,920 |
| Illinois | $84,990 |
| Minnesota | $82,630 |
| Maine | $81,750 |
| Alaska | $81,340 |
| Colorado | $81,270 |
| Oregon | $80,380 |
| Pennsylvania | $80,280 |
| Alabama | $79,970 |
| Nebraska | $79,730 |
| Ohio | $79,720 |
| Idaho | $79,650 |
| Kentucky | $79,290 |
| Texas | $78,730 |
| Florida | $78,360 |
| Georgia | $77,990 |
| New Hampshire | $77,980 |
| South Carolina | $77,530 |
| Arizona | $77,020 |
| Iowa | $76,760 |
| Maryland | $75,390 |
| Oklahoma | $75,330 |
| Mississippi | $74,880 |
| North Dakota | $74,810 |
| Montana | $74,650 |
| Michigan | $74,640 |
| Utah | $74,430 |
| Louisiana | $73,210 |
| Kansas | $73,120 |
| Nevada | $73,090 |
| South Dakota | $73,040 |
| Tennessee | $72,550 |
| New Mexico | $72,160 |
| Arkansas | $71,370 |
| Vermont | $71,220 |
| Wisconsin | $68,690 |
| Missouri | $65,350 |
| Indiana | $62,660 |
| Wyoming | $62,210 |
| West Virginia | $57,320 |
| Guam | $49,360 |
| Puerto Rico | $32,450 |
| New York | $133,270 |
| District of Columbia | $132,590 |
| Virginia | $102,430 |
| New Jersey | $100,940 |
How do credit analyst salaries compare to similar careers?
Credit analysts earn about the same as related careers in Michigan. On average, they make less than financial quantitative analysts but more than tax preparers.
| Career | Median Salary |
|---|---|
| Financial quantitative analyst salary | $75K |
| Fraud analyst salary | $75K |
| Risk management specialist salary | $75K |
| Cost estimator salary | $78K |
| Consultant salary | $76K |
| Credit analyst salary | $75K |
| Social fundraiser salary | $66K |
| Revenue agent salary | $63K |
| Credit counselor salary | $52K |
| Tax preparer salary | $46K |
Source: CareerExplorer (Aggregated)