The salary statistics of credit counselors are shown in Table 1. In the next few tables we compare the average salaries of credit counselors within different industry sectors and in the 50 states of the United States. The credit counselors annual salary statistics are from 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 | $33,670 |
| 25th Percentile Wage | $39,090 |
| 50th Percentile Wage | $47,320 |
| 75th Percentile Wage | $58,390 |
| 90th Percentile Wage | $74,310 |
Table 1 shows the average annual salary for credit counselors. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) credit counselors is $74,310. The median annual salary (50th percentile) is $47,320. The average annual salary for the bottom 10 percent is $33,670. Take note that in the United States, the annual salary of the 90th percentile (the top 10 percent of the highest paid) is almost 120% higher than that of the bottom 10 percent.
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 | $47,320 | -0.55% | 16.69% |
| 2021 | $47,580 | 2.96% | - |
| 2020 | $46,170 | 0.48% | - |
| 2019 | $45,950 | 1.68% | - |
| 2018 | $45,180 | 1.04% | - |
| 2017 | $44,710 | 0.74% | - |
| 2016 | $44,380 | 1.22% | - |
| 2015 | $43,840 | 3.95% | - |
| 2014 | $42,110 | 4.35% | - |
| 2013 | $40,280 | 2.14% | - |
| 2012 | $39,420 | - | - |
The average salaries of credit counselors in 12 major industry sectors are shown in Table 2. We note that the salaries vary considerably within different industry sectors. The highest paying industry sector for credit counselors occupations is the retail trade sector with an annual salary $73,580. The lowest paying sector is the real estate and rental and leasing sector (annual salary $27,230).
From the above tables we note that not only credit counselors salaries vary considerably based on one's education and experience, and the industry sectors, they also change considerably from state to state. In the following table we compare the median salary of credit counselors in all 50 states of the United States. We note that the median annual salaries range from $30,800 to $78,630. The highest paying state for credit counselors is Nebraska with a median annual salary of $78,630. The lowest paying state is Louisiana with a median annual salary of $30,800. For more salary information of credit counselors profession in a specific state, use the links in the table.