The annual salary statistics of credit counselors in Birmingham-Hoover, Alabama is shown in Table 1. The wage information of credit counselors in Birmingham-Hoover is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2022 and published in April 2023 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $27,800 |
| 25th Percentile Wage | $32,240 |
| 50th Percentile Wage | $36,090 |
| 75th Percentile Wage | $39,590 |
| 90th Percentile Wage | $46,910 |
Table 1 shows the average annual salary for credit counselors in Birmingham-Hoover, Alabama in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $46,910. The median (50th percentile) annual salary is $36,090. The average annual salary for the bottom 10 percent earners is $27,800.
The table and chart below show the trend of the median salary of credit counselors from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $36,090 | -65.09% | -2.24% |
| 2021 | $59,580 | 14.80% | - |
| 2020 | $50,760 | 6.74% | - |
| 2019 | $47,340 | 7.52% | - |
| 2018 | $43,780 | 7.06% | - |
| 2013 | $40,690 | 9.31% | - |
| 2012 | $36,900 | - | - |
From Table 3 we note that with a median annual salary of $36,090, Birmingham-Hoover is the lowest paying city for credit counselors in state of Alabama, following city of Mobile (median annual salary of $53,790). Also we note that in comparison, the annual salary of credit counselors in Birmingham-Hoover is about 32.9 percent (32.9%) lower than that of the highest paying city Mobile.
| Cities/Areas | Median Annual Salary |
|---|---|
| Mobile | |
| Montgomery | |
| Birmingham-Hoover |