Business & Finance Mitchell, SD Pop. 15,660

Credit Analyst Salary in Mitchell, South Dakota

The median credit analyst salary in Mitchell, SD is $63,107 per year, which is 18% below the national median and 6.8% below the South Dakota state average.

City Median
$63,107
vs State Avg
$-4,618
vs National
$-13,853
Cost of Living
82%

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

Mitchell offers a median credit analyst salary of $63,107, which is $4,618 below the South Dakota state average of $67,725. Compared to the national median of $76,960, Mitchell pays below the national benchmark for this role.

One of Mitchell's biggest advantages is its low cost of living at 82% of the national average. This means the $63,107 salary stretches further here — equivalent to roughly $76,960 in an average-cost city. This makes Mitchell an attractive option for credit analysts seeking strong real-dollar compensation.

The salary range for credit analysts in Mitchell spans from $37,720 at the 10th percentile to $102,500 at the 90th percentile — a $64,780 spread. Entry-level professionals start around $39,360, while senior credit analysts with 8+ years of experience can earn up to $98,400. Mitchell is a smaller market (pop. 15,660), which may mean fewer openings but also less competition for available positions.

Credit Analyst Salary in Mitchell by Experience

In Mitchell, an entry-level credit analyst earns around $39,360, while experienced professionals earn up to $98,400 per year. The local cost of living index is 82% of the national average.

Entry Level (0-2 yrs)
$39,360
$-8,640 vs national
Mid Level (3-7 yrs)
$63,960
$-14,040 vs national
Senior Level (8+ yrs)
$98,400
$-21,600 vs national

Salary Percentiles in Mitchell, SD

Percentile Mitchell
10th Percentile $37,720
25th Percentile $48,380
Median (50th) $63,107
75th Percentile $82,000
90th Percentile $102,500

Credit Analyst Salary in Other South Dakota Cities

How to Become a Credit Analyst in Mitchell

Education

Most credit analyst positions require a bachelor's degree. Mitchell and the surrounding South Dakota 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 Mitchell may vary based on local industry and population growth.

Find Credit Analyst Jobs in Mitchell

Browse open credit analyst positions in Mitchell, SD:

Frequently Asked Questions: Credit Analyst Salary in Mitchell

How much does a Credit Analyst make in Mitchell, SD? ▼
The median credit analyst salary in Mitchell, South Dakota is $63,107 per year, which is 18% below the national median of $76,960. Salaries range from $37,720 (10th percentile) to $102,500 (90th percentile).
How much does a Credit Analyst make per hour in Mitchell? ▼
Based on the median annual salary of $63,107, a credit analyst in Mitchell earns approximately $30 per hour assuming a standard 2,080-hour work year.
How does Mitchell compare to the South Dakota state average for credit analyst pay? ▼
Mitchell's median credit analyst salary of $63,107 is 6.8% below the South Dakota state average of $67,725. The local cost of living index is 82% of the national average.
What is the cost of living in Mitchell, SD? ▼
Mitchell has a cost of living index of 82% compared to the national average. This means a credit analyst salary of $63,107 in Mitchell has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a credit analyst in Mitchell? ▼
Most credit analyst positions in Mitchell 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.