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Credit Analyst Salary Information in Michigan

The average annual and hourly salaries for credit analysts in the state of Michigan are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of credit analysts among Michigan areas is shown in Table 3. The salary statistics are based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2017 and published in April 2018 [1].

Table 1 & 2. Annual & Hourly Salary of Credit Analysts in Michigan

Percentile BracketAverage Annual Salary
10th Percentile Wage
$35,450
25th Percentile Wage
$44,090
50th Percentile Wage
$54,570
75th Percentile Wage
$71,210
90th Percentile Wage
$93,570

Table 1 shows the average annual salary for credit analysts in Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $93,570. The median (50th percentile) annual salary is $54,570. The average annual salary for the bottom 10 percent is $35,450.

Salary Trend (2012 to 2017)

The table and chart below show the trend of the median salary of credit analysts from 2012 to 2017.

YearMedian SalaryYearly Growth5-Year Growth
2017
$54,570
6.89% 15.21%
2016
$50,810
-0.93% -
2015
$51,280
4.97% -
2014
$48,730
1.11% -
2013
$48,190
3.98% -
2012
$46,270
- -

Table 3. Median Annual Salary of Credit Analysts in Michigan Cities

Table 3 shows the median annual salary of credit analysts in some Michigan cities and metropolitan areas. We note that the median annual salary of credit analysts in state of Michigan ranges from $37,300 to $72,370. The highest paying area for credit analysts in Michigan is Detroit-Livonia-Dearborn with a median annual salary of $72,370. The second highest paying city/area in Michigan State is Upper Peninsula of Michigan nonmetropolitan area (mean annual salary $62,120). The lowest paying area is Holland-Grand Haven with a median annual salary of $37,300.

Cities/Areas Median Annual Salary
Detroit-Livonia-Dearborn
$72,370
Upper Peninsula of Michigan nonmetropolitan area
$62,120
Balance of Lower Peninsula of Michigan nonmetropolitan area
$59,310
Ann Arbor
$57,830
Kalamazoo-Portage
$56,270
Detroit-Warren-Livonia
$55,710
Northwest Lower Peninsula of Michigan nonmetropolitan area
$54,960
South Bend-Mishawaka
$51,900
Grand Rapids-Wyoming
$50,370
Lansing-East Lansing
$48,930
Warren-Troy-Farmington Hills
$48,700
Flint
$46,870
Holland-Grand Haven
$37,300




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