Business & Finance Massachusetts (MA) Rank #2 of 50

Credit Analyst Salary in Massachusetts

The median credit analyst salary in Massachusetts is $109,283 per year, which is 42.0% above the national median of $76,960.

Median Salary
$109,283
vs National
+$32,323
State Rank
#2 of 50
Cost of Living
135%

Credit Analyst Salary Overview in Massachusetts (2026)

Massachusetts ranks #2 out of 50 states for credit analyst compensation. This places Massachusetts in the top tier nationally, making it one of the best states for credit analysts seeking high pay. At $109,283 per year, credit analysts in Massachusetts earn $32,323 more than the national median of $76,960.

It's worth noting that Massachusetts's cost of living is 135% of the national average, which reduces the real purchasing power of the $109,283 salary. After adjusting for cost of living, the effective salary is closer to $80,950.

The salary spread in Massachusetts is significant: credit analysts at the 10th percentile earn $65,320, while those at the 90th percentile bring home $177,500 — a $112,180 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Massachusetts for this role is Cambridge, where the median reaches $128,523.

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 Massachusetts by Experience

In Massachusetts, an entry-level credit analyst earns around $68,160, while experienced professionals earn up to $170,400 per year. The cost of living index in Massachusetts is 135% of the national average.

Entry Level (0-2 yrs)
$68,160
+$20,160 vs national
Mid Level (3-7 yrs)
$110,760
+$32,760 vs national
Senior Level (8+ yrs)
$170,400
+$50,400 vs national

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Salary Percentiles in Massachusetts

Percentile MA Salary
10th Percentile $65,320
25th Percentile $83,780
Median (50th) $109,283
75th Percentile $142,000
90th Percentile $177,500

Credit Analyst Salary by City in Massachusetts

The largest employment areas for credit analysts in Massachusetts include Boston, Worcester, Springfield, and Cambridge. Salaries vary by city based on local cost of living and demand.

How to Become a Credit Analyst in Massachusetts

Education

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

Key Skills

Financial AnalysisCredit RiskExcelFinancial StatementsReport WritingAttention to Detail

Job Outlook in Massachusetts

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

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Frequently Asked Questions: Credit Analyst Salary in Massachusetts

How much does a Credit Analyst make in Massachusetts? ▼
The median credit analyst salary in Massachusetts is $109,283 per year, which is 42.0% above the national median of $76,960. Salaries range from $65,320 (10th percentile) to $177,500 (90th percentile).
How much does a Credit Analyst make per hour in Massachusetts? ▼
Based on the median annual salary of $109,283, a credit analyst in Massachusetts earns approximately $53 per hour assuming a standard 2,080-hour work year.
Is Massachusetts a good state for credit analysts? ▼
Massachusetts ranks #2 out of 50 states for credit analyst pay. The cost of living index is 135% of the national average. Entry-level credit analysts earn $68,160, while senior professionals earn $170,400.
How does Massachusetts compare to other states for credit analyst salary? ▼
The highest paying state for credit analysts is Hawaii at $130,832. Massachusetts's median of $109,283 ranks #2 nationally. Nearby-ranked states include Hawaii ($130,832) and California ($106,205).
What is the entry-level credit analyst salary in Massachusetts? ▼
An entry-level credit analyst in Massachusetts earns approximately $68,160 per year. With 3-7 years of experience, pay increases to around $110,760. Senior-level professionals with 8+ years earn up to $170,400.
What city in Massachusetts pays credit analysts the most? ▼
Cambridge is the highest paying city in Massachusetts for credit analysts, with a median salary of $128,523. Other cities include Boston and Worcester.