How much does a Credit Analysts make in Michigan?
Last updated: 2024 data from the Bureau of Labor Statistics
Analyze credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with credit information for use in decisionmaking.
Source: O*NET OnLine, U.S. Department of Labor
Salaries for Credit Analysts in Michigan range from $49,160 at the 10th percentile (entry level) to $128,610 at the 90th percentile (experienced). The middle 50% earn between $60,840 and $84,710.
| Percentile | Annual Salary | Hourly Rate | Monthly |
|---|---|---|---|
| 10th Percentile (Entry Level) | $49,160 | $23.63 | $4,096 |
| 25th Percentile | $60,840 | $29.25 | $5,070 |
| Median (50th) | $72,620 | $34.91 | $6,051 |
| 75th Percentile | $84,710 | $40.73 | $7,059 |
| 90th Percentile (Experienced) | $128,610 | $61.83 | $10,717 |
Note: The mean (average) salary of $80,130 differs from the median because salary distributions are typically skewed by high earners.
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What does this salary really buy? See Credit Analysts salary in Michigan adjusted for cost of living →
Compare Credit Analysts pay across states — sorted by highest median salary.
Salary data is sourced from the U.S. Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) survey, 2024 estimates. The OEWS survey covers approximately 1.1 million establishments nationwide.
Annual salaries are calculated based on a standard 2,080-hour work year. Actual compensation may vary based on experience, education, employer, and local market conditions. Figures do not include benefits, bonuses, or overtime pay.
Our Methodology · Data Sources · Source: BLS OEWS