Business & Finance Grand Rapids, MI Pop. 198,917

Credit Analyst Salary in Grand Rapids, Michigan

The median credit analyst salary in Grand Rapids, MI is $69,264 per year, which is 10% below the national median and 0.0% above the Michigan state average.

City Median
$69,264
vs State Avg
+$0
vs National
$-7,696
Cost of Living
90%

Credit Analyst Pay in Grand Rapids: What to Expect (2026)

Grand Rapids offers a median credit analyst salary of $69,264, which is $0 above the Michigan state average of $69,264. Compared to the national median of $76,960, Grand Rapids pays below the national benchmark for this role.

Grand Rapids's cost of living is 90% 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 Grand Rapids spans from $41,400 at the 10th percentile to $112,500 at the 90th percentile — a $71,100 spread. Entry-level professionals start around $43,200, while senior credit analysts with 8+ years of experience can earn up to $108,000. With a population of 198,917, Grand Rapids is a mid-sized metro with a growing job market.

Credit Analyst Salary in Grand Rapids by Experience

In Grand Rapids, an entry-level credit analyst earns around $43,200, while experienced professionals earn up to $108,000 per year. The local cost of living index is 90% of the national average.

Entry Level (0-2 yrs)
$43,200
$-4,800 vs national
Mid Level (3-7 yrs)
$70,200
$-7,800 vs national
Senior Level (8+ yrs)
$108,000
$-12,000 vs national

Salary Percentiles in Grand Rapids, MI

Percentile Grand Rapids
10th Percentile $41,400
25th Percentile $53,100
Median (50th) $69,264
75th Percentile $90,000
90th Percentile $112,500

Credit Analyst Salary in Other Michigan Cities

Ann Arbor, MI
$80,808
Pop. 123,851
Detroit, MI
$67,725
Pop. 639,111
Warren, MI
$67,725
Pop. 139,387
Lansing, MI
$66,186
Pop. 112,644

How to Become a Credit Analyst in Grand Rapids

Education

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

Find Credit Analyst Jobs in Grand Rapids

Browse open credit analyst positions in Grand Rapids, MI:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Credit Analyst Salary in Grand Rapids

How much does a Credit Analyst make in Grand Rapids, MI? ▼
The median credit analyst salary in Grand Rapids, Michigan is $69,264 per year, which is 10% below the national median of $76,960. Salaries range from $41,400 (10th percentile) to $112,500 (90th percentile).
How much does a Credit Analyst make per hour in Grand Rapids? ▼
Based on the median annual salary of $69,264, a credit analyst in Grand Rapids earns approximately $33 per hour assuming a standard 2,080-hour work year.
How does Grand Rapids compare to the Michigan state average for credit analyst pay? ▼
Grand Rapids's median credit analyst salary of $69,264 is 0.0% above the Michigan state average of $69,264. The local cost of living index is 90% of the national average.
What is the cost of living in Grand Rapids, MI? ▼
Grand Rapids has a cost of living index of 90% compared to the national average. This means a credit analyst salary of $69,264 in Grand Rapids has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a credit analyst in Grand Rapids? ▼
Most credit analyst positions in Grand Rapids 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.