Business & Finance Richmond, VA Pop. 226,610

Credit Analyst Salary in Richmond, Virginia

The median credit analyst salary in Richmond, VA is $80,808 per year, which is 5.0% above the national median and 3.7% below the Virginia state average.

City Median
$80,808
vs State Avg
$-3,078
vs National
+$3,848
Cost of Living
100%

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

Richmond offers a median credit analyst salary of $80,808, which is $3,078 below the Virginia state average of $83,886. Compared to the national median of $76,960, Richmond pays above average for this role.

Richmond's cost of living is 100% 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 Richmond spans from $48,300 at the 10th percentile to $131,250 at the 90th percentile — a $82,950 spread. Entry-level professionals start around $50,400, while senior credit analysts with 8+ years of experience can earn up to $126,000. With a population of 226,610, Richmond is a mid-sized metro with a growing job market.

Credit Analyst Salary in Richmond by Experience

In Richmond, an entry-level credit analyst earns around $50,400, while experienced professionals earn up to $126,000 per year. The local cost of living index is 100% of the national average.

Entry Level (0-2 yrs)
$50,400
+$2,400 vs national
Mid Level (3-7 yrs)
$81,900
+$3,900 vs national
Senior Level (8+ yrs)
$126,000
+$6,000 vs national

Salary Percentiles in Richmond, VA

Percentile Richmond
10th Percentile $48,300
25th Percentile $61,950
Median (50th) $80,808
75th Percentile $105,000
90th Percentile $131,250

Credit Analyst Salary in Other Virginia Cities

How to Become a Credit Analyst in Richmond

Education

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

Find Credit Analyst Jobs in Richmond

Browse open credit analyst positions in Richmond, VA:

Frequently Asked Questions: Credit Analyst Salary in Richmond

How much does a Credit Analyst make in Richmond, VA? ▼
The median credit analyst salary in Richmond, Virginia is $80,808 per year, which is 5.0% above the national median of $76,960. Salaries range from $48,300 (10th percentile) to $131,250 (90th percentile).
How much does a Credit Analyst make per hour in Richmond? ▼
Based on the median annual salary of $80,808, a credit analyst in Richmond earns approximately $39 per hour assuming a standard 2,080-hour work year.
How does Richmond compare to the Virginia state average for credit analyst pay? ▼
Richmond's median credit analyst salary of $80,808 is 3.7% below the Virginia state average of $83,886. The local cost of living index is 100% of the national average.
What is the cost of living in Richmond, VA? ▼
Richmond has a cost of living index of 100% compared to the national average. This means a credit analyst salary of $80,808 in Richmond has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a credit analyst in Richmond? ▼
Most credit analyst positions in Richmond 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.