Business & Finance Paterson, NJ Pop. 159,732

Credit Analyst Salary in Paterson, New Jersey

The median credit analyst salary in Paterson, NJ is $86,965 per year, which is 13.0% above the national median and 8.1% below the New Jersey state average.

City Median
$86,965
vs State Avg
$-7,696
vs National
+$10,005
Cost of Living
105%

Credit Analyst Pay in Paterson: What to Expect (2026)

Paterson offers a median credit analyst salary of $86,965, which is $7,696 below the New Jersey state average of $94,661. Compared to the national median of $76,960, Paterson pays above average for this role.

Paterson's cost of living is 105% 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 Paterson spans from $51,980 at the 10th percentile to $141,250 at the 90th percentile — a $89,270 spread. Entry-level professionals start around $54,240, while senior credit analysts with 8+ years of experience can earn up to $135,600. With a population of 159,732, Paterson is a mid-sized metro with a growing job market.

Credit Analyst Salary in Paterson by Experience

In Paterson, an entry-level credit analyst earns around $54,240, while experienced professionals earn up to $135,600 per year. The local cost of living index is 105% of the national average.

Entry Level (0-2 yrs)
$54,240
+$6,240 vs national
Mid Level (3-7 yrs)
$88,140
+$10,140 vs national
Senior Level (8+ yrs)
$135,600
+$15,600 vs national

Salary Percentiles in Paterson, NJ

Percentile Paterson
10th Percentile $51,980
25th Percentile $66,670
Median (50th) $86,965
75th Percentile $113,000
90th Percentile $141,250

Credit Analyst Salary in Other New Jersey Cities

How to Become a Credit Analyst in Paterson

Education

Most credit analyst positions require a bachelor's degree. Paterson and the surrounding New Jersey 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 Paterson may vary based on local industry and population growth.

Find Credit Analyst Jobs in Paterson

Browse open credit analyst positions in Paterson, NJ:

Frequently Asked Questions: Credit Analyst Salary in Paterson

How much does a Credit Analyst make in Paterson, NJ? ▼
The median credit analyst salary in Paterson, New Jersey is $86,965 per year, which is 13.0% above the national median of $76,960. Salaries range from $51,980 (10th percentile) to $141,250 (90th percentile).
How much does a Credit Analyst make per hour in Paterson? ▼
Based on the median annual salary of $86,965, a credit analyst in Paterson earns approximately $42 per hour assuming a standard 2,080-hour work year.
How does Paterson compare to the New Jersey state average for credit analyst pay? ▼
Paterson's median credit analyst salary of $86,965 is 8.1% below the New Jersey state average of $94,661. The local cost of living index is 105% of the national average.
What is the cost of living in Paterson, NJ? ▼
Paterson has a cost of living index of 105% compared to the national average. This means a credit analyst salary of $86,965 in Paterson has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a credit analyst in Paterson? ▼
Most credit analyst positions in Paterson 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.