Credit Analyst Salary in Memphis, Tennessee
The median credit analyst salary in Memphis, TN is $66,186 per year, which is 14% below the national median and 3.4% below the Tennessee state average.
Credit Analyst Pay in Memphis: What to Expect (2026)
Memphis offers a median credit analyst salary of $66,186, which is $2,308 below the Tennessee state average of $68,494. Compared to the national median of $76,960, Memphis pays below the national benchmark for this role.
One of Memphis's biggest advantages is its low cost of living at 86% of the national average. This means the $66,186 salary stretches further here — equivalent to roughly $76,960 in an average-cost city. This makes Memphis an attractive option for credit analysts seeking strong real-dollar compensation.
The salary range for credit analysts in Memphis spans from $39,560 at the 10th percentile to $107,500 at the 90th percentile — a $67,940 spread. Entry-level professionals start around $41,280, while senior credit analysts with 8+ years of experience can earn up to $103,200. As a major metro area with a population of 633,104, Memphis typically offers more job opportunities and employer competition, which can drive salaries higher.
Credit Analyst Salary in Memphis by Experience
In Memphis, an entry-level credit analyst earns around $41,280, while experienced professionals earn up to $103,200 per year. The local cost of living index is 86% of the national average.
Salary Percentiles in Memphis, TN
| Percentile | Memphis |
|---|---|
| 10th Percentile | $39,560 |
| 25th Percentile | $50,740 |
| Median (50th) | $66,186 |
| 75th Percentile | $86,000 |
| 90th Percentile | $107,500 |
Credit Analyst Salary in Other Tennessee Cities
How to Become a Credit Analyst in Memphis
Education
Most credit analyst positions require a bachelor's degree. Memphis and the surrounding Tennessee area have institutions offering relevant programs.
Key Skills
Job Outlook
Nationally, credit analyst employment is projected to grow 5% over the next decade (faster than average). Demand in Memphis may vary based on local industry and population growth.
Find Credit Analyst Jobs in Memphis
Browse open credit analyst positions in Memphis, TN: