Business & Finance Detroit, MI
Pop. 639,111
Credit Analyst Salary in Detroit, Michigan
The median credit analyst salary in Detroit, MI is $67,725 per year, which is 12% below the national median and 2.2% below the Michigan state average.
City Median
$67,725
vs State Avg
$-1,539
vs National
$-9,235
Cost of Living
88%
Credit Analyst Salary in Detroit by Experience
In Detroit, an entry-level credit analyst earns around $42,240, while experienced professionals earn up to $105,600 per year. The local cost of living index is 88% of the national average.
Entry Level (0-2 yrs)
$42,240
$-5,760 vs national
Mid Level (3-7 yrs)
$68,640
$-9,360 vs national
Senior Level (8+ yrs)
$105,600
$-14,400 vs national
Salary Percentiles in Detroit, MI
| Percentile | Detroit |
|---|---|
| 10th Percentile | $40,480 |
| 25th Percentile | $51,920 |
| Median (50th) | $67,725 |
| 75th Percentile | $88,000 |
| 90th Percentile | $110,000 |
Credit Analyst Salary in Other Michigan Cities
How to Become a Credit Analyst in Detroit
Education
Most credit analyst positions require a bachelor's degree. Detroit and the surrounding Michigan 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 Detroit may vary based on local industry and population growth.