The annual salary statistics of credit counselors in Detroit-Warren-Livonia, Michigan is shown in Table 1. The wage information of credit counselors 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 | $37,480 |
| 25th Percentile Wage | $45,080 |
| 50th Percentile Wage | $47,120 |
| 75th Percentile Wage | $57,710 |
| 90th Percentile Wage | $62,560 |
Table 1 shows the average annual salary for credit counselors 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 $62,560. The median (50th percentile) annual salary is $47,120. The average annual salary for the bottom 10 percent earners is $37,480.
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 | $47,120 | -5.22% | 6.88% |
| 2021 | $49,580 | 10.77% | - |
| 2020 | $44,240 | -8.66% | - |
| 2019 | $48,070 | 0.79% | - |
| 2018 | $47,690 | 4.70% | - |
| 2017 | $45,450 | 2.88% | - |
| 2016 | $44,140 | -0.95% | - |
| 2015 | $44,560 | 1.97% | - |
| 2014 | $43,680 | 3.23% | - |
| 2013 | $42,270 | -3.81% | - |
| 2012 | $43,880 | - | - |
From Table 3 we note that the median annual salary of $47,120 in Detroit-Warren-Livonia is in the middle of salary range for credit counselors in state of Michigan. In comparison, the annual salary of credit counselors in Detroit-Warren-Livonia is 12.7 percent (12.7%) lower than that in the highest paying Northwest Lower Peninsula of Michigan nonmetropolitan area and 22.7 percent (22.7%) higher than that in the lowest paying Upper Peninsula of Michigan nonmetropolitan area.