Credit Counselor Salary Information

The salary statistics of credit counselors are shown in Table 1. In the next few tables we compare the average salaries of credit counselors within different industry sectors and in the 50 states of the United States. The credit counselors annual salary statistics are from the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2016 and published in April 2017 [1].

Table 1. Credit Counselor Salary in the United States

Percentile BracketAverage Annual Salary
10th Percentile Wage
$29,510
25th Percentile Wage
$35,570
50th Percentile Wage
$44,380
75th Percentile Wage
$56,470
90th Percentile Wage
$75,220

Table 1 shows the average annual salary for credit counselors. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) credit counselors is $75,220. The median annual salary (50th percentile) is $44,380. The average annual salary for the bottom 10 percent is $29,510. Take note that in the United States, the annual salary of the 90th percentile (the top 10 percent of the highest paid) is almost 154% higher than that of the bottom 10 percent.

Salary Trend (2012 to 2016)

The following table and chart show the trend of the median salary of credit counselors from 2012 to 2016.

YearMedian SalaryYearly Growth4-Year Growth
201644,3801.22%11.18%
201543,8403.95%-
201442,1104.35%-
201340,2802.14%-
201239,420--

Table 2. Credit Counselor Salary by Industry Sector

The average salaries of credit counselors in 10 major industry sectors are shown in Table 2. We note that the salaries vary considerably within different industry sectors. The highest paying industry sector for credit counselors occupations is the retail trade sector with an annual salary $73,800. The lowest paying sector is the administrative and support and waste management and remediation services sector (annual salary $37,740).

Industry Sector Median Annual Salary
Retail Trade
$73,800
Federal, State, and Local Government
$48,180
Educational Services
$45,750
Management of Companies and Enterprises
$45,100
Finance and Insurance
$44,570
Other Services (except Federal, State, and Local Government)
$42,780
Health Care and Social Assistance
$42,080
Professional, Scientific, and Technical Services
$41,340
Real Estate and Rental and Leasing
$39,280
Administrative and Support and Waste Management and Remediation Services
$37,740

Table 3. Median Annual Wage of Credit Counselors by States

From the above tables we note that not only credit counselors salaries vary considerably based on one's education and experience, and the industry sectors, they also change considerably from state to state. In the following table we compare the median salary of credit counselors in all 50 states of the United States. We note that the median annual salaries range from $34,140 to $56,860. The highest paying state for credit counselors is Colorado with a median annual salary of $56,860. The lowest paying state is Utah with a median annual salary of $34,140. For more salary information of credit counselors profession in a specific state, use the links in the table.

State Name Median Annual Salary
Colorado
$56,860
New Jersey
$56,440
Pennsylvania
$54,400
Rhode Island
$53,820
Nevada
$52,950
District of Columbia
$50,840
Massachusetts
$49,910
California
$49,330
New York
$48,860
New Hampshire
$48,740
Washington
$46,430
Arizona
$46,000
Delaware
$45,990
North Dakota
$45,850
Oregon
$45,800
Texas
$45,590
Illinois
$44,960
Minnesota
$44,800
Connecticut
$44,430
Ohio
$44,320
Michigan
$44,260
Maryland
$42,760
Missouri
$42,630
Virginia
$41,740
North Carolina
$41,580
Florida
$41,200
South Carolina
$40,330
Georgia
$40,170
Puerto Rico
$39,980
Maine
$39,130
Mississippi
$39,090
Iowa
$38,850
Arkansas
$38,620
Kansas
$38,210
Vermont
$38,210
Indiana
$37,730
Wisconsin
$37,630
Kentucky
$37,570
Alabama
$37,560
Hawaii
$37,450
Nebraska
$37,380
New Mexico
$37,220
Oklahoma
$36,770
West Virginia
$36,630
Montana
$36,620
Tennessee
$36,490
Louisiana
$35,170
Idaho
$34,320
Utah
$34,140


Related:

Highest paying states for credit counselors

Highest paying cities for credit counselors

Highest paying industries for credit counselors.