Michigan Median
$74,640
per year
Hourly Rate
$35.88
based on 2,080 hrs/yr
vs National
-11% vs US median
US median $83,510
State Rank
#37 of 51
1,510 employed here
How much does a Credit Analyst make in Michigan?
A Credit Analyst working in Michigan earns a median salary of $74,640 per year, or about $35.88 per hour. That is 11% below the national median of $83,510 for this occupation.
Within Michigan, entry-level pay starts around $51,170 while the top 10% make $108,870 or more. The middle 50% of earners fall between $61,520 and $82,050 a year.
Credit Analyst salary range in Michigan
| Pay level | Annual salary | Hourly rate | |
|---|
| 10th percentile (entry level) | $51,170 | $24.60 |
|
| 25th percentile (early career) | $61,520 | $29.58 |
|
| 50th percentile (median) | $74,640 | $35.88 |
|
| 75th percentile (experienced) | $82,050 | $39.45 |
|
| 90th percentile (top earners) | $108,870 | $52.34 |
|
How Michigan compares
Michigan ranks 37th out of 51 states and territories for Credit Analyst pay. The top 5 best-paying states:
Credit Analyst salary in other states
New York $133,270District of Columbia $132,590Virginia $102,430New Jersey $100,940Hawaii $98,900Connecticut $98,230California $97,860Massachusetts $97,080Delaware $94,680North Carolina $94,570Washington $91,160Rhode Island $85,920Illinois $84,990Minnesota $82,630Maine $81,750Alaska $81,340Colorado $81,270Oregon $80,380Pennsylvania $80,280Alabama $79,970Nebraska $79,730Ohio $79,720Idaho $79,650Kentucky $79,290Texas $78,730Florida $78,360Georgia $77,990New Hampshire $77,980South Carolina $77,530Arizona $77,020Iowa $76,760Maryland $75,390Oklahoma $75,330Mississippi $74,880North Dakota $74,810Montana $74,650Utah $74,430Louisiana $73,210Kansas $73,120Nevada $73,090South Dakota $73,040Tennessee $72,550New Mexico $72,160Arkansas $71,370Vermont $71,220Wisconsin $68,690Missouri $65,350Indiana $62,660Wyoming $62,210West Virginia $57,320
Working as a Credit Analyst in Michigan
Nationally, about 64,000 people work as Credit Analysts in the United States. A bachelor's degree (about 4 years of college) is the standard entry requirement.
Considering a move? Compare Michigan pay ($74,640) against the highest-paying state above, and weigh the difference against housing and everyday costs — a smaller paycheck in a cheaper state can stretch further.
Frequently asked questions
How much does a Credit Analyst make in Michigan?
The median Credit Analyst salary in Michigan is $74,640 per year, or about $35.88 per hour, per official BLS state wage estimates. Salaries typically range from $51,170 at the entry level to $108,870 for the top 10% of earners.
How does Michigan pay compare to the national average?
Michigan pays Credit Analysts about 11% less than the national median of $83,510. Michigan ranks 37th out of 51 states and territories reporting this occupation.
Is Michigan a good state for Credit Analysts?
Pay runs below the national median here, at $74,640 a year. About 1,510 Credit Analysts are employed in Michigan. A lower cost of living can offset the smaller paycheck, so compare take-home value, not just salary.
What are the highest-paying jobs in Michigan?
The highest-paying occupations in Michigan include Radiologist ($485,920), Airline Pilots, Copilots, and Flight Engineers ($428,570), Cardiologist ($419,030), based on median annual pay in official BLS state estimates.
← See the national Credit Analyst salary report
Related salaries
$91,640
median pay · 47,000 employed
$78,210
median pay · 112,000 employed
$61,160
median pay · 143,000 employed
$94,160
median pay · 68,000 employed
$83,050
median pay · 1,087,000 employed
$75,940
median pay · 912,000 employed
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), Unknown vintage. Education requirements: O*NET (U.S. Department of Labor). State figures are official BLS state-level wage estimates. Where BLS suppresses a state percentile, it is scaled from the official national distribution. Individual pay varies by employer, metro area, and experience.