Credit Analysts in Michigan
Is Michigan a good place for you to work as a Credit Analyst?
You’re in luck! Jobs for Credit Analysts in Michigan are projected to grow and these jobs tend to pay higher than average.
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Projected employment for Credit Analysts in Michigan is growing faster than average.
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Credit Analysts in Michigan earn higher salaries than the typical U.S. wage earner.
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How Many Credit Analysts Work in Michigan?
There were approximately 1,310 workers employed as Credit Analysts in this state in 2018.
There were 1,340 Credit Analysts employed in this state in 2017.
That’s a decline of 30 jobs between 2017 and 2018.
The typical state has 845 Credit Analysts working in it, which means Michigan has more Credit Analysts than average.
Job Projections for Michigan
Jobs for Credit Analysts in this state are growing at a rate of 8.6% which is faster than the nationwide estimated projection of 8.3%.
Michigan Annual Job Openings
The BLS is projecting 130 annual Credit Analysts job openings in Michigan, and 1,520 total jobs in the year 2026.
Nationwide, the prediction is 6,800 annual jobs and 79,900 total jobs in 2026.
What do Credit Analysts Make in Michigan?
In 2018 wages for Credit Analysts ranged from $39,250 to $102,870 with $60,860 being the median annual salary.
Broken down to an hourly rate, workers in this field made anywhere from $18.87 to $49.46. The median hourly rate was $29.26.
In 2017 the median pay for this field was $26.24 an hour.
The hourly rate grew by $3.02.
The median salary in Michigan is higher than the nationwide median salary.
Top Michigan Metros for Credit Analysts
The table below shows some of the metros in this state with the most Credit Analysts.
| Metro | Number Employed | Annual Median Salary |
|---|---|---|
| Detroit-Warren-Dearborn, MI | 840 | $63,870 |
| Grand Rapids-Wyoming, MI | 140 | $54,360 |
| Ann Arbor, MI | 60 | $58,530 |
| Lansing-East Lansing, MI | 50 | $49,320 |
Top States for Credit Analysts Employment
The table below shows the states where most Credit Analysts work.
| State | Number Employed | Annual Median Salary |
|---|---|---|
| California | 8,620 | $79,210 |
| Texas | 7,700 | $69,270 |
| New York | 7,440 | $102,620 |
| Illinois | 3,330 | $65,610 |
| Ohio | 2,980 | $70,500 |
| Florida | 2,890 | $72,120 |
| New Jersey | 2,690 | $77,530 |
| North Carolina | 2,560 | $74,050 |
| Pennsylvania | 2,330 | $76,610 |
| Georgia | 2,320 | $63,700 |
| Minnesota | 2,300 | $73,910 |
| Massachusetts | 2,240 | $76,220 |
| Missouri | 1,960 | $64,290 |
| Wisconsin | 1,820 | $61,670 |
| Virginia | 1,730 | $80,380 |
| Arizona | 1,710 | $55,760 |
| Colorado | 1,370 | $69,810 |
| Maryland | 1,310 | $64,100 |
| Washington | 1,310 | $71,420 |
| Michigan | 1,310 | $60,860 |
Below are the states where Credit Analysts get paid the most:
| State | Annual Median Salary |
|---|---|
| District of Columbia | $106,750 |
| New York | $102,620 |
| Virginia | $80,380 |
| Hawaii | $79,230 |
| California | $79,210 |
| New Hampshire | $77,840 |
| New Jersey | $77,530 |
| Pennsylvania | $76,610 |
| Connecticut | $76,510 |
| Massachusetts | $76,220 |
References
- Bureau of Labor Statistics (BLS)
- College Factual
- National Center for Education Statistics
- O*NET Online
- Image Credit: By Pixabay under License
More about our data sources and methodologies.
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