The annual salary statistics of credit counselors in Grand Rapids-Wyoming, Michigan is shown in Table 1. The wage information of credit counselors 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 | $37,160 |
| 25th Percentile Wage | $39,210 |
| 50th Percentile Wage | $41,020 |
| 75th Percentile Wage | $49,390 |
| 90th Percentile Wage | $58,660 |
Table 1 shows the average annual salary for credit counselors 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 $58,660. The median (50th percentile) annual salary is $41,020. The average annual salary for the bottom 10 percent earners is $37,160.
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 | $41,020 | 6.73% | 3.32% |
| 2021 | $38,260 | -5.20% | - |
| 2020 | $40,250 | -15.95% | - |
| 2019 | $46,670 | 2.72% | - |
| 2018 | $45,400 | -7.53% | - |
| 2017 | $48,820 | 18.76% | - |
| 2016 | $39,660 | -2.90% | - |
| 2015 | $40,810 | 6.89% | - |
| 2014 | $38,000 | -20.58% | - |
| 2013 | $45,820 | 13.44% | - |
| 2012 | $39,660 | - | - |
From Table 3 we note that the median annual salary of $41,020 in Grand Rapids-Wyoming is in the middle of salary range for credit counselors in state of Michigan. In comparison, the annual salary of credit counselors in Grand Rapids-Wyoming is 24.0 percent (24.0%) lower than that in the highest paying Northwest Lower Peninsula of Michigan nonmetropolitan area and 11.2 percent (11.2%) higher than that in the lowest paying Upper Peninsula of Michigan nonmetropolitan area.