Business & Finance Springfield, MA Pop. 155,929

Credit Analyst Salary in Springfield, Massachusetts

The median credit analyst salary in Springfield, MA is $80,808 per year, which is 5.0% above the national median and 26.1% below the Massachusetts state average.

City Median
$80,808
vs State Avg
$-28,475
vs National
+$3,848
Cost of Living
98%

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

Springfield offers a median credit analyst salary of $80,808, which is $28,475 below the Massachusetts state average of $109,283. Compared to the national median of $76,960, Springfield pays above average for this role.

Springfield's cost of living is 98% of the national average, meaning salary figures here closely reflect actual purchasing power. This makes direct comparisons to other cities straightforward.

The salary range for credit analysts in Springfield spans from $48,300 at the 10th percentile to $131,250 at the 90th percentile — a $82,950 spread. Entry-level professionals start around $50,400, while senior credit analysts with 8+ years of experience can earn up to $126,000. With a population of 155,929, 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 $50,400, while experienced professionals earn up to $126,000 per year. The local cost of living index is 98% of the national average.

Entry Level (0-2 yrs)
$50,400
+$2,400 vs national
Mid Level (3-7 yrs)
$81,900
+$3,900 vs national
Senior Level (8+ yrs)
$126,000
+$6,000 vs national

Salary Percentiles in Springfield, MA

Percentile Springfield
10th Percentile $48,300
25th Percentile $61,950
Median (50th) $80,808
75th Percentile $105,000
90th Percentile $131,250

Credit Analyst Salary in Other Massachusetts Cities

How to Become a Credit Analyst in Springfield

Education

Most credit analyst positions require a bachelor's degree. Springfield and the surrounding Massachusetts 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, MA:

Frequently Asked Questions: Credit Analyst Salary in Springfield

How much does a Credit Analyst make in Springfield, MA? ▼
The median credit analyst salary in Springfield, Massachusetts is $80,808 per year, which is 5.0% above the national median of $76,960. Salaries range from $48,300 (10th percentile) to $131,250 (90th percentile).
How much does a Credit Analyst make per hour in Springfield? ▼
Based on the median annual salary of $80,808, a credit analyst in Springfield earns approximately $39 per hour assuming a standard 2,080-hour work year.
How does Springfield compare to the Massachusetts state average for credit analyst pay? ▼
Springfield's median credit analyst salary of $80,808 is 26.1% below the Massachusetts state average of $109,283. The local cost of living index is 98% of the national average.
What is the cost of living in Springfield, MA? ▼
Springfield has a cost of living index of 98% compared to the national average. This means a credit analyst salary of $80,808 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.