Business & Finance New Jersey (NJ) Rank #6 of 50

Credit Analyst Salary in New Jersey

The median credit analyst salary in New Jersey is $94,661 per year, which is 23.0% above the national median of $76,960.

Median Salary
$94,661
vs National
+$17,701
State Rank
#6 of 50
Cost of Living
115%

Credit Analyst Salary Overview in New Jersey (2026)

New Jersey ranks #6 out of 50 states for credit analyst compensation. This places New Jersey in the top tier nationally, making it one of the best states for credit analysts seeking high pay. At $94,661 per year, credit analysts in New Jersey earn $17,701 more than the national median of $76,960.

It's worth noting that New Jersey's cost of living is 115% of the national average, which reduces the real purchasing power of the $94,661 salary. After adjusting for cost of living, the effective salary is closer to $82,314.

The salary spread in New Jersey is significant: credit analysts at the 10th percentile earn $56,580, while those at the 90th percentile bring home $153,750 — a $97,170 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in New Jersey for this role is Jersey City, where the median reaches $104,666.

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 New Jersey by Experience

In New Jersey, an entry-level credit analyst earns around $59,040, while experienced professionals earn up to $147,600 per year. The cost of living index in New Jersey is 115% of the national average.

Entry Level (0-2 yrs)
$59,040
+$11,040 vs national
Mid Level (3-7 yrs)
$95,940
+$17,940 vs national
Senior Level (8+ yrs)
$147,600
+$27,600 vs national

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Salary Percentiles in New Jersey

Percentile NJ Salary
10th Percentile $56,580
25th Percentile $72,570
Median (50th) $94,661
75th Percentile $123,000
90th Percentile $153,750

Credit Analyst Salary by City in New Jersey

The largest employment areas for credit analysts in New Jersey include Newark, Jersey City, Paterson, and Elizabeth. Salaries vary by city based on local cost of living and demand.

How to Become a Credit Analyst in New Jersey

Education

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

Key Skills

Financial AnalysisCredit RiskExcelFinancial StatementsReport WritingAttention to Detail

Job Outlook in New Jersey

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

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Frequently Asked Questions: Credit Analyst Salary in New Jersey

How much does a Credit Analyst make in New Jersey? ▼
The median credit analyst salary in New Jersey is $94,661 per year, which is 23.0% above the national median of $76,960. Salaries range from $56,580 (10th percentile) to $153,750 (90th percentile).
How much does a Credit Analyst make per hour in New Jersey? ▼
Based on the median annual salary of $94,661, a credit analyst in New Jersey earns approximately $46 per hour assuming a standard 2,080-hour work year.
Is New Jersey a good state for credit analysts? ▼
New Jersey ranks #6 out of 50 states for credit analyst pay. The cost of living index is 115% of the national average. Entry-level credit analysts earn $59,040, while senior professionals earn $147,600.
How does New Jersey compare to other states for credit analyst salary? ▼
The highest paying state for credit analysts is Hawaii at $130,832. New Jersey's median of $94,661 ranks #6 nationally. Nearby-ranked states include New York ($103,126) and Alaska ($95,430).
What is the entry-level credit analyst salary in New Jersey? ▼
An entry-level credit analyst in New Jersey earns approximately $59,040 per year. With 3-7 years of experience, pay increases to around $95,940. Senior-level professionals with 8+ years earn up to $147,600.
What city in New Jersey pays credit analysts the most? ▼
Jersey City is the highest paying city in New Jersey for credit analysts, with a median salary of $104,666. Other cities include Newark and Paterson.