The annual salary statistics of credit counselors in Lansing-East Lansing, Michigan is shown in Table 1. The wage data of credit counselors in Lansing-East Lansing 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 | $36,330 |
| 25th Percentile Wage | $40,250 |
| 50th Percentile Wage | $45,850 |
| 75th Percentile Wage | $50,980 |
| 90th Percentile Wage | $65,880 |
Table 1 shows the average annual salary for credit counselors in Lansing-East Lansing, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $65,880. The median (50th percentile) annual salary is $45,850. The average annual salary for the bottom 10 percent earners is $36,330.
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 | $45,850 | -0.70% | 7.87% |
| 2021 | $46,170 | 8.40% | - |
| 2020 | $42,290 | -32.30% | - |
| 2019 | $55,950 | -2.72% | - |
| 2018 | $57,470 | 2.00% | - |
| 2017 | $56,320 | 5.70% | - |
| 2016 | $53,110 | 10.09% | - |
| 2015 | $47,750 | -0.31% | - |
| 2014 | $47,900 | 11.82% | - |
| 2012 | $42,240 | - | - |
From Table 3 we note that the median annual salary of $45,850 in Lansing-East Lansing is in the middle of salary range for credit counselors in state of Michigan. In comparison, the annual salary of credit counselors in Lansing-East Lansing is 15.0 percent (15.0%) lower than that in the highest paying Northwest Lower Peninsula of Michigan nonmetropolitan area and 20.6 percent (20.6%) higher than that in the lowest paying Upper Peninsula of Michigan nonmetropolitan area.