Business & Finance Kentucky (KY) Rank #46 of 50

Credit Analyst Salary in Kentucky

The median credit analyst salary in Kentucky is $66,955 per year, which is 13% below the national median of $76,960.

Median Salary
$66,955
vs National
$-10,005
State Rank
#46 of 50
Cost of Living
87%

Credit Analyst Salary Overview in Kentucky (2026)

Kentucky ranks #46 out of 50 states for credit analyst compensation. Credit Analyst salaries in Kentucky are below the national median, though the lower cost of living can offset the difference. At $66,955 per year, credit analysts in Kentucky earn $10,005 less than the national median of $76,960.

A key advantage of working in Kentucky is its below-average cost of living (87% of the national index). This means the $66,955 salary has the purchasing power of roughly $76,960 in an average-cost area.

The salary spread in Kentucky is significant: credit analysts at the 10th percentile earn $40,020, while those at the 90th percentile bring home $108,750 — a $68,730 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Kentucky for this role is Lexington, where the median reaches $71,573.

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 Kentucky by Experience

In Kentucky, an entry-level credit analyst earns around $41,760, while experienced professionals earn up to $104,400 per year. The cost of living index in Kentucky is 87% of the national average.

Entry Level (0-2 yrs)
$41,760
$-6,240 vs national
Mid Level (3-7 yrs)
$67,860
$-10,140 vs national
Senior Level (8+ yrs)
$104,400
$-15,600 vs national

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Salary Percentiles in Kentucky

Percentile KY Salary
10th Percentile $40,020
25th Percentile $51,330
Median (50th) $66,955
75th Percentile $87,000
90th Percentile $108,750

Credit Analyst Salary by City in Kentucky

The largest employment areas for credit analysts in Kentucky include Louisville, Lexington, Bowling Green, and Owensboro. Salaries vary by city based on local cost of living and demand.

How to Become a Credit Analyst in Kentucky

Education

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

Key Skills

Financial AnalysisCredit RiskExcelFinancial StatementsReport WritingAttention to Detail

Job Outlook in Kentucky

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

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Frequently Asked Questions: Credit Analyst Salary in Kentucky

How much does a Credit Analyst make in Kentucky? ▼
The median credit analyst salary in Kentucky is $66,955 per year, which is 13% below the national median of $76,960. Salaries range from $40,020 (10th percentile) to $108,750 (90th percentile).
How much does a Credit Analyst make per hour in Kentucky? ▼
Based on the median annual salary of $66,955, a credit analyst in Kentucky earns approximately $32 per hour assuming a standard 2,080-hour work year.
Is Kentucky a good state for credit analysts? ▼
Kentucky ranks #46 out of 50 states for credit analyst pay. The cost of living index is 87% of the national average. Entry-level credit analysts earn $41,760, while senior professionals earn $104,400.
How does Kentucky compare to other states for credit analyst salary? ▼
The highest paying state for credit analysts is Hawaii at $130,832. Kentucky's median of $66,955 ranks #46 nationally. Nearby-ranked states include Alabama ($66,955) and Kansas ($66,955).
What is the entry-level credit analyst salary in Kentucky? ▼
An entry-level credit analyst in Kentucky earns approximately $41,760 per year. With 3-7 years of experience, pay increases to around $67,860. Senior-level professionals with 8+ years earn up to $104,400.
What city in Kentucky pays credit analysts the most? ▼
Lexington is the highest paying city in Kentucky for credit analysts, with a median salary of $71,573. Other cities include Louisville and Bowling Green.