The annual salary statistics of credit analysts in Detroit-Warren-Livonia, Michigan is shown in Table 1. The wage statistics of credit analysts in Detroit-Warren-Livonia 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 | $47,850 |
| 25th Percentile Wage | $59,100 |
| 50th Percentile Wage | $77,280 |
| 75th Percentile Wage | $103,920 |
| 90th Percentile Wage | $129,700 |
Table 1 shows the average annual salary for credit analysts in Detroit-Warren-Livonia, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $129,700. The median (50th percentile) annual salary is $77,280. The average annual salary for the bottom 10 percent earners is $47,850.
The table and chart below show the trend of the median salary of credit analysts from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $77,280 | 0.57% | 40.70% |
| 2021 | $76,840 | 11.28% | - |
| 2020 | $68,170 | 3.42% | - |
| 2019 | $65,840 | 2.99% | - |
| 2018 | $63,870 | 12.78% | - |
| 2017 | $55,710 | 8.17% | - |
| 2016 | $51,160 | -2.29% | - |
| 2015 | $52,330 | 6.06% | - |
| 2014 | $49,160 | 2.14% | - |
| 2013 | $48,110 | 4.74% | - |
| 2012 | $45,830 | - | - |
From Table 3 we note that with a median annual salary of $77,280, Detroit-Warren-Livonia is the highest paying city for credit analysts in state of Michigan, followed by Detroit-Livonia-Dearborn (median annual salary $72,370). In comparison, the median annual salary of credit analysts in Detroit-Warren-Livonia is 6.4 percent (6.4%) higher than that in Detroit-Livonia-Dearborn.