Business & Finance Illinois (IL) Rank #16 of 50

Credit Analyst Salary in Illinois

The median credit analyst salary in Illinois is $77,730 per year, which is 1.0% above the national median of $76,960.

Median Salary
$77,730
vs National
+$770
State Rank
#16 of 50
Cost of Living
95%

Credit Analyst Salary Overview in Illinois (2026)

Illinois ranks #16 out of 50 states for credit analyst compensation. Illinois falls in the middle of the pack for credit analyst pay, offering salaries near the national average. At $77,730 per year, credit analysts in Illinois earn $770 more than the national median of $76,960.

Illinois's cost of living is near the national average at 95%, meaning credit analyst salaries here translate closely to their face value in purchasing power.

The salary spread in Illinois is significant: credit analysts at the 10th percentile earn $46,460, while those at the 90th percentile bring home $126,250 — a $79,790 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Illinois for this role is Naperville, where the median reaches $87,734.

Nationally, credit analyst employment is projected to grow 5% over the next decade (faster than average). This steady growth indicates stable demand for credit analysts across the country.

Credit Analyst Salary in Illinois by Experience

In Illinois, an entry-level credit analyst earns around $48,480, while experienced professionals earn up to $121,200 per year. The cost of living index in Illinois is 95% of the national average.

Entry Level (0-2 yrs)
$48,480
+$480 vs national
Mid Level (3-7 yrs)
$78,780
+$780 vs national
Senior Level (8+ yrs)
$121,200
+$1,200 vs national

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Salary Percentiles in Illinois

Percentile IL Salary
10th Percentile $46,460
25th Percentile $59,590
Median (50th) $77,730
75th Percentile $101,000
90th Percentile $126,250

Credit Analyst Salary by City in Illinois

The largest employment areas for credit analysts in Illinois include Chicago, Aurora, Naperville, and Rockford. Salaries vary by city based on local cost of living and demand.

How to Become a Credit Analyst in Illinois

Education

Most credit analyst positions require a bachelor's degree. Illinois has several accredited institutions offering relevant programs.

Key Skills

Financial AnalysisCredit RiskExcelFinancial StatementsReport WritingAttention to Detail

Job Outlook in Illinois

Nationally, credit analyst employment is projected to grow 5% over the next decade (faster than average). Illinois's demand may vary based on local industry trends.

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Frequently Asked Questions: Credit Analyst Salary in Illinois

How much does a Credit Analyst make in Illinois? ▼
The median credit analyst salary in Illinois is $77,730 per year, which is 1.0% above the national median of $76,960. Salaries range from $46,460 (10th percentile) to $126,250 (90th percentile).
How much does a Credit Analyst make per hour in Illinois? ▼
Based on the median annual salary of $77,730, a credit analyst in Illinois earns approximately $37 per hour assuming a standard 2,080-hour work year.
Is Illinois a good state for credit analysts? ▼
Illinois ranks #16 out of 50 states for credit analyst pay. The cost of living index is 95% of the national average. Entry-level credit analysts earn $48,480, while senior professionals earn $121,200.
How does Illinois compare to other states for credit analyst salary? ▼
The highest paying state for credit analysts is Hawaii at $130,832. Illinois's median of $77,730 ranks #16 nationally. Nearby-ranked states include Delaware ($81,578) and Colorado ($80,808).
What is the entry-level credit analyst salary in Illinois? ▼
An entry-level credit analyst in Illinois earns approximately $48,480 per year. With 3-7 years of experience, pay increases to around $78,780. Senior-level professionals with 8+ years earn up to $121,200.
What city in Illinois pays credit analysts the most? ▼
Naperville is the highest paying city in Illinois for credit analysts, with a median salary of $87,734. Other cities include Chicago and Aurora.