Business & Finance Minnesota (MN) Rank #19 of 50

Credit Analyst Salary in Minnesota

The median credit analyst salary in Minnesota is $76,190 per year, which is 1% below the national median of $76,960.

Median Salary
$76,190
vs National
$-770
State Rank
#19 of 50
Cost of Living
97%

Credit Analyst Salary Overview in Minnesota (2026)

Minnesota ranks #19 out of 50 states for credit analyst compensation. Minnesota falls in the middle of the pack for credit analyst pay, offering salaries near the national average. At $76,190 per year, credit analysts in Minnesota earn $770 less than the national median of $76,960.

Minnesota's cost of living is near the national average at 97%, meaning credit analyst salaries here translate closely to their face value in purchasing power.

The salary spread in Minnesota is significant: credit analysts at the 10th percentile earn $45,540, while those at the 90th percentile bring home $123,750 — a $78,210 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Minnesota for this role is Minneapolis, where the median reaches $82,347.

Nationally, credit analyst employment is projected to grow 5% over the next decade (faster than average). This steady growth indicates stable demand for credit analysts across the country.

Credit Analyst Salary in Minnesota by Experience

In Minnesota, an entry-level credit analyst earns around $47,520, while experienced professionals earn up to $118,800 per year. The cost of living index in Minnesota is 97% of the national average.

Entry Level (0-2 yrs)
$47,520
$-480 vs national
Mid Level (3-7 yrs)
$77,220
$-780 vs national
Senior Level (8+ yrs)
$118,800
$-1,200 vs national

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Salary Percentiles in Minnesota

Percentile MN Salary
10th Percentile $45,540
25th Percentile $58,410
Median (50th) $76,190
75th Percentile $99,000
90th Percentile $123,750

Credit Analyst Salary by City in Minnesota

The largest employment areas for credit analysts in Minnesota include Minneapolis, Saint Paul, Rochester, and Duluth. Salaries vary by city based on local cost of living and demand.

How to Become a Credit Analyst in Minnesota

Education

Most credit analyst positions require a bachelor's degree. Minnesota has several accredited institutions offering relevant programs.

Key Skills

Financial AnalysisCredit RiskExcelFinancial StatementsReport WritingAttention to Detail

Job Outlook in Minnesota

Nationally, credit analyst employment is projected to grow 5% over the next decade (faster than average). Minnesota's demand may vary based on local industry trends.

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Frequently Asked Questions: Credit Analyst Salary in Minnesota

How much does a Credit Analyst make in Minnesota? ▼
The median credit analyst salary in Minnesota is $76,190 per year, which is 1% below the national median of $76,960. Salaries range from $45,540 (10th percentile) to $123,750 (90th percentile).
How much does a Credit Analyst make per hour in Minnesota? ▼
Based on the median annual salary of $76,190, a credit analyst in Minnesota earns approximately $37 per hour assuming a standard 2,080-hour work year.
Is Minnesota a good state for credit analysts? ▼
Minnesota ranks #19 out of 50 states for credit analyst pay. The cost of living index is 97% of the national average. Entry-level credit analysts earn $47,520, while senior professionals earn $118,800.
How does Minnesota compare to other states for credit analyst salary? ▼
The highest paying state for credit analysts is Hawaii at $130,832. Minnesota's median of $76,190 ranks #19 nationally. Nearby-ranked states include Vermont ($77,730) and Pennsylvania ($76,960).
What is the entry-level credit analyst salary in Minnesota? ▼
An entry-level credit analyst in Minnesota earns approximately $47,520 per year. With 3-7 years of experience, pay increases to around $77,220. Senior-level professionals with 8+ years earn up to $118,800.
What city in Minnesota pays credit analysts the most? ▼
Minneapolis is the highest paying city in Minnesota for credit analysts, with a median salary of $82,347. Other cities include Saint Paul and Rochester.