Business & Finance Rockford, IL Pop. 148,655

Credit Analyst Salary in Rockford, Illinois

The median credit analyst salary in Rockford, IL is $67,725 per year, which is 12% below the national median and 12.9% below the Illinois state average.

City Median
$67,725
vs State Avg
$-10,005
vs National
$-9,235
Cost of Living
82%

Credit Analyst Pay in Rockford: What to Expect (2026)

Rockford offers a median credit analyst salary of $67,725, which is $10,005 below the Illinois state average of $77,730. Compared to the national median of $76,960, Rockford pays below the national benchmark for this role.

One of Rockford's biggest advantages is its low cost of living at 82% of the national average. This means the $67,725 salary stretches further here — equivalent to roughly $82,591 in an average-cost city. This makes Rockford an attractive option for credit analysts seeking strong real-dollar compensation.

The salary range for credit analysts in Rockford spans from $40,480 at the 10th percentile to $110,000 at the 90th percentile — a $69,520 spread. Entry-level professionals start around $42,240, while senior credit analysts with 8+ years of experience can earn up to $105,600. With a population of 148,655, Rockford is a mid-sized metro with a growing job market.

Credit Analyst Salary in Rockford by Experience

In Rockford, an entry-level credit analyst earns around $42,240, while experienced professionals earn up to $105,600 per year. The local cost of living index is 82% of the national average.

Entry Level (0-2 yrs)
$42,240
$-5,760 vs national
Mid Level (3-7 yrs)
$68,640
$-9,360 vs national
Senior Level (8+ yrs)
$105,600
$-14,400 vs national

Salary Percentiles in Rockford, IL

Percentile Rockford
10th Percentile $40,480
25th Percentile $51,920
Median (50th) $67,725
75th Percentile $88,000
90th Percentile $110,000

Credit Analyst Salary in Other Illinois Cities

Naperville, IL
$87,734
Pop. 149,540
Chicago, IL
$86,965
Pop. 2,693,976
Aurora, IL
$77,730
Pop. 197,757
Springfield, IL
$70,034
Pop. 114,394

How to Become a Credit Analyst in Rockford

Education

Most credit analyst positions require a bachelor's degree. Rockford and the surrounding Illinois area have institutions offering relevant programs.

Key Skills

Financial AnalysisCredit RiskExcelFinancial StatementsReport WritingAttention to Detail

Job Outlook

Nationally, credit analyst employment is projected to grow 5% over the next decade (faster than average). Demand in Rockford may vary based on local industry and population growth.

Find Credit Analyst Jobs in Rockford

Browse open credit analyst positions in Rockford, IL:

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Frequently Asked Questions: Credit Analyst Salary in Rockford

How much does a Credit Analyst make in Rockford, IL? ▼
The median credit analyst salary in Rockford, Illinois is $67,725 per year, which is 12% below the national median of $76,960. Salaries range from $40,480 (10th percentile) to $110,000 (90th percentile).
How much does a Credit Analyst make per hour in Rockford? ▼
Based on the median annual salary of $67,725, a credit analyst in Rockford earns approximately $33 per hour assuming a standard 2,080-hour work year.
How does Rockford compare to the Illinois state average for credit analyst pay? ▼
Rockford's median credit analyst salary of $67,725 is 12.9% below the Illinois state average of $77,730. The local cost of living index is 82% of the national average.
What is the cost of living in Rockford, IL? ▼
Rockford has a cost of living index of 82% compared to the national average. This means a credit analyst salary of $67,725 in Rockford has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a credit analyst in Rockford? ▼
Most credit analyst positions in Rockford require a bachelor's degree. Key skills include Financial Analysis, Credit Risk, Excel, Financial Statements. The job market is projected to grow 5% nationally over the next decade.