Business & Finance Worcester, MA Pop. 206,518

Credit Analyst Salary in Worcester, Massachusetts

The median credit analyst salary in Worcester, MA is $90,043 per year, which is 17.0% above the national median and 17.6% below the Massachusetts state average.

City Median
$90,043
vs State Avg
$-19,240
vs National
+$13,083
Cost of Living
110%

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

Worcester offers a median credit analyst salary of $90,043, which is $19,240 below the Massachusetts state average of $109,283. Compared to the national median of $76,960, Worcester pays above average for this role.

Worcester's cost of living is 110% 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 Worcester spans from $53,820 at the 10th percentile to $146,250 at the 90th percentile — a $92,430 spread. Entry-level professionals start around $56,160, while senior credit analysts with 8+ years of experience can earn up to $140,400. With a population of 206,518, Worcester is a mid-sized metro with a growing job market.

Credit Analyst Salary in Worcester by Experience

In Worcester, an entry-level credit analyst earns around $56,160, while experienced professionals earn up to $140,400 per year. The local cost of living index is 110% of the national average.

Entry Level (0-2 yrs)
$56,160
+$8,160 vs national
Mid Level (3-7 yrs)
$91,260
+$13,260 vs national
Senior Level (8+ yrs)
$140,400
+$20,400 vs national

Salary Percentiles in Worcester, MA

Percentile Worcester
10th Percentile $53,820
25th Percentile $69,030
Median (50th) $90,043
75th Percentile $117,000
90th Percentile $146,250

Credit Analyst Salary in Other Massachusetts Cities

Cambridge, MA
$128,523
Pop. 118,403
Boston, MA
$122,366
Pop. 675,647
Lowell, MA
$86,195
Pop. 115,554
Springfield, MA
$80,808
Pop. 155,929

How to Become a Credit Analyst in Worcester

Education

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

Find Credit Analyst Jobs in Worcester

Browse open credit analyst positions in Worcester, MA:

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Frequently Asked Questions: Credit Analyst Salary in Worcester

How much does a Credit Analyst make in Worcester, MA? ▼
The median credit analyst salary in Worcester, Massachusetts is $90,043 per year, which is 17.0% above the national median of $76,960. Salaries range from $53,820 (10th percentile) to $146,250 (90th percentile).
How much does a Credit Analyst make per hour in Worcester? ▼
Based on the median annual salary of $90,043, a credit analyst in Worcester earns approximately $43 per hour assuming a standard 2,080-hour work year.
How does Worcester compare to the Massachusetts state average for credit analyst pay? ▼
Worcester's median credit analyst salary of $90,043 is 17.6% below the Massachusetts state average of $109,283. The local cost of living index is 110% of the national average.
What is the cost of living in Worcester, MA? ▼
Worcester has a cost of living index of 110% compared to the national average. This means a credit analyst salary of $90,043 in Worcester has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a credit analyst in Worcester? ▼
Most credit analyst positions in Worcester 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.