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 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
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.