The annual salary statistics of credit counselors in Kalamazoo-Portage, Michigan is shown in Table 1. The wage information of credit counselors in Kalamazoo-Portage 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 | $39,890 |
| 25th Percentile Wage | $40,190 |
| 50th Percentile Wage | $44,400 |
| 75th Percentile Wage | $48,600 |
| 90th Percentile Wage | $54,380 |
Table 1 shows the average annual salary for credit counselors in Kalamazoo-Portage, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $54,380. The median (50th percentile) annual salary is $44,400. The average annual salary for the bottom 10 percent earners is $39,890.
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 | $44,400 | 12.66% | -8.18% |
| 2021 | $38,780 | -15.19% | - |
| 2020 | $44,670 | -3.85% | - |
| 2019 | $46,390 | 1.19% | - |
| 2018 | $45,840 | -4.78% | - |
| 2017 | $48,030 | 0.00% | - |
| 2012 | $48,030 | - | - |
From Table 3 we note that the median annual salary of $44,400 in Kalamazoo-Portage is in the middle of salary range for credit counselors in state of Michigan. In comparison, the annual salary of credit counselors in Kalamazoo-Portage is 17.7 percent (17.7%) lower than that in the highest paying Northwest Lower Peninsula of Michigan nonmetropolitan area and 18.0 percent (18.0%) higher than that in the lowest paying Upper Peninsula of Michigan nonmetropolitan area.