The annual salary statistics of credit counselors in Virginia Beach-Norfolk-Newport News, Virginia is shown in Table 1. The wage information of credit counselors in Virginia Beach-Norfolk-Newport News 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 | $32,990 |
| 25th Percentile Wage | $40,160 |
| 50th Percentile Wage | $48,060 |
| 75th Percentile Wage | $63,150 |
| 90th Percentile Wage | $64,960 |
Table 1 shows the average annual salary for credit counselors in Virginia Beach-Norfolk-Newport News, Virginia in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $64,960. The median (50th percentile) annual salary is $48,060. The average annual salary for the bottom 10 percent earners is $32,990.
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 | $48,060 | -1.25% | 29.92% |
| 2021 | $48,660 | 7.42% | - |
| 2020 | $45,050 | -0.60% | - |
| 2019 | $45,320 | 8.58% | - |
| 2018 | $41,430 | 2.61% | - |
| 2017 | $40,350 | 9.71% | - |
| 2016 | $36,430 | 3.84% | - |
| 2015 | $35,030 | 0.91% | - |
| 2014 | $34,710 | 0.72% | - |
| 2013 | $34,460 | 2.26% | - |
| 2012 | $33,680 | - | - |
From Table 3 we note that the median annual salary of $48,060 in Virginia Beach-Norfolk-Newport News is in the middle of salary range for credit counselors in state of Virginia. In comparison, the annual salary of credit counselors in Virginia Beach-Norfolk-Newport News is 5.8 percent (5.8%) lower than that in the highest paying Charlottesville and 23.5 percent (23.5%) higher than that in the lowest paying Blacksburg-Christiansburg-Radford.
| Cities/Areas | Median Annual Salary |
|---|---|
| Charlottesville | |
| Harrisonburg | |
| Virginia Beach-Norfolk-Newport News | |
| Richmond | |
| Roanoke | |
| Southwestern Virginia nonmetropolitan area | |
| Lynchburg | |
| Kingsport-Bristol-Bristol | |
| Blacksburg-Christiansburg-Radford |