The annual salary statistics of credit analysts in Grand Rapids-Wyoming, Michigan is shown in Table 1. The wage information of credit analysts in Grand Rapids-Wyoming 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 | $39,530 |
| 25th Percentile Wage | $49,880 |
| 50th Percentile Wage | $57,690 |
| 75th Percentile Wage | $73,330 |
| 90th Percentile Wage | $93,760 |
Table 1 shows the average annual salary for credit analysts in Grand Rapids-Wyoming, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $93,760. The median (50th percentile) annual salary is $57,690. The average annual salary for the bottom 10 percent earners is $39,530.
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 | $57,690 | -7.51% | 14.25% |
| 2021 | $62,020 | 0.77% | - |
| 2020 | $61,540 | 0.39% | - |
| 2019 | $61,300 | 11.32% | - |
| 2018 | $54,360 | 7.34% | - |
| 2017 | $50,370 | 3.81% | - |
| 2016 | $48,450 | 0.60% | - |
| 2015 | $48,160 | -3.86% | - |
| 2014 | $50,020 | -21.43% | - |
| 2013 | $60,740 | 18.55% | - |
| 2012 | $49,470 | - | - |
From Table 3 we note that the median annual salary of $57,690 in Grand Rapids-Wyoming is in the middle of salary range for credit analysts in state of Michigan. In comparison, the annual salary of credit analysts in Grand Rapids-Wyoming is 25.3 percent (25.3%) lower than that in the highest paying Detroit-Warren-Livonia and 35.3 percent (35.3%) higher than that in the lowest paying Holland-Grand Haven.