Business & Finance Springfield, IL Pop. 114,394

Credit Analyst Salary in Springfield, Illinois

The median credit analyst salary in Springfield, IL is $70,034 per year, which is 9% below the national median and 9.9% below the Illinois state average.

City Median
$70,034
vs State Avg
$-7,696
vs National
$-6,926
Cost of Living
85%

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

Springfield offers a median credit analyst salary of $70,034, which is $7,696 below the Illinois state average of $77,730. Compared to the national median of $76,960, Springfield pays below the national benchmark for this role.

One of Springfield's biggest advantages is its low cost of living at 85% of the national average. This means the $70,034 salary stretches further here — equivalent to roughly $82,393 in an average-cost city. This makes Springfield an attractive option for credit analysts seeking strong real-dollar compensation.

The salary range for credit analysts in Springfield spans from $41,860 at the 10th percentile to $113,750 at the 90th percentile — a $71,890 spread. Entry-level professionals start around $43,680, while senior credit analysts with 8+ years of experience can earn up to $109,200. With a population of 114,394, Springfield is a mid-sized metro with a growing job market.

Credit Analyst Salary in Springfield by Experience

In Springfield, an entry-level credit analyst earns around $43,680, while experienced professionals earn up to $109,200 per year. The local cost of living index is 85% of the national average.

Entry Level (0-2 yrs)
$43,680
$-4,320 vs national
Mid Level (3-7 yrs)
$70,980
$-7,020 vs national
Senior Level (8+ yrs)
$109,200
$-10,800 vs national

Salary Percentiles in Springfield, IL

Percentile Springfield
10th Percentile $41,860
25th Percentile $53,690
Median (50th) $70,034
75th Percentile $91,000
90th Percentile $113,750

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
Rockford, IL
$67,725
Pop. 148,655

How to Become a Credit Analyst in Springfield

Education

Most credit analyst positions require a bachelor's degree. Springfield 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 Springfield may vary based on local industry and population growth.

Find Credit Analyst Jobs in Springfield

Browse open credit analyst positions in Springfield, IL:

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Frequently Asked Questions: Credit Analyst Salary in Springfield

How much does a Credit Analyst make in Springfield, IL? ▼
The median credit analyst salary in Springfield, Illinois is $70,034 per year, which is 9% below the national median of $76,960. Salaries range from $41,860 (10th percentile) to $113,750 (90th percentile).
How much does a Credit Analyst make per hour in Springfield? ▼
Based on the median annual salary of $70,034, a credit analyst in Springfield earns approximately $34 per hour assuming a standard 2,080-hour work year.
How does Springfield compare to the Illinois state average for credit analyst pay? ▼
Springfield's median credit analyst salary of $70,034 is 9.9% below the Illinois state average of $77,730. The local cost of living index is 85% of the national average.
What is the cost of living in Springfield, IL? ▼
Springfield has a cost of living index of 85% compared to the national average. This means a credit analyst salary of $70,034 in Springfield has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a credit analyst in Springfield? ▼
Most credit analyst positions in Springfield 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.