Credit Analyst salary in Grand Rapids-Wyoming-Kentwood, MI
Credit Analysts in the Grand Rapids-Wyoming-Kentwood, MI metro area earn a median of $63,220 a year ($30.39 an hour), based on BLS data for 210 workers.
Pay ranges from $47,550 for the lowest-paid 10% to $87,200 for the top 10%. That is 24% lower than the national median of $83,510. Pay here is 15% lower than the Michigan statewide median of $74,640. There are 0.35 credit analysts per 1,000 jobs here — close to the national average. The average (mean) salary is $69,210, above the median because a few high earners pull it up.
Pay range for credit analysts in Grand Rapids-Wyoming-Kentwood, MI
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $47,550 | $22.86 |
| 25th percentile | $57,930 | $27.85 |
| Median | $63,220 | $30.39 |
| 75th percentile | $80,460 | $38.69 |
| 90th percentile (top earners) | $87,200 | $41.92 |
| Average (mean) | $69,210 | $33.27 |
Half of credit analysts earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $5,268.33 |
| Semi-monthly (24 a year) | $2,634.17 |
| Biweekly (26 a year) | $2,431.54 |
| Weekly | $1,215.77 |
| Hourly | $30.39 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $63,220 salary, see how much house you can afford in Michigan at today's mortgage rates, or work out a payment with the mortgage calculator.
Credit Analyst salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| Ann Arbor, MI | $77,070 | 30 |
| Detroit-Warren-Dearborn, MI | $74,640 | 870 |
| Lansing-East Lansing, MI | $72,700 | 40 |
| South Bend-Mishawaka, IN-MI | $70,080 | 30 |
| Kalamazoo-Portage, MI | $67,940 | 30 |
Highest-paying states for credit analysts
| State | Median salary |
|---|---|
| New York | $133,270 |
| District of Columbia | $132,590 |
| Virginia | $102,430 |
| New Jersey | $100,940 |
| Hawaii | $98,900 |
| Connecticut | $98,230 |
| California | $97,860 |
| Massachusetts | $97,080 |
| Delaware | $94,680 |
| North Carolina | $94,570 |
See Credit Analyst pay in every state or the Michigan statewide figures.
Related jobs in Grand Rapids-Wyoming-Kentwood, MI
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $76,270 | $36.67 |
| Financial and Investment Analysts | $88,210 | $42.41 |
| Personal Financial Advisor | $89,410 | $42.99 |
| Loan Officer | $71,760 | $34.50 |
| Insurance Underwriter | $79,560 | $38.25 |
| Property Appraisers and Assessors | $61,730 | $29.68 |
| Financial Specialists, All Other | $70,470 | $33.88 |
| Tax Preparer | $54,570 | $26.24 |
| Financial Risk Specialist | $101,090 | $48.60 |
| Credit Counselor | $49,530 | $23.81 |
| Financial Examiner | $71,920 | $34.58 |
| Tax Examiners and Collectors, and Revenue Agents | $61,960 | $29.79 |
| Budget Analyst | $96,210 | $46.26 |
| Human Resources Specialist | $65,760 | $31.61 |
More: Business and Financial Operations Occupations · all salaries in Grand Rapids-Wyoming-Kentwood, MI
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 13-2041. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a credit analyst make in Grand Rapids-Wyoming-Kentwood, MI?
The median salary for credit analysts in the Grand Rapids-Wyoming-Kentwood, MI metro area is $63,220 a year, or $30.39 an hour. Pay ranges from $47,550 for the lowest-paid 10% to $87,200 for the top 10%.
How much do the highest-paid credit analysts make in Grand Rapids-Wyoming-Kentwood, MI?
The top 10% of credit analysts in the Grand Rapids-Wyoming-Kentwood, MI metro area earn at least $87,200 a year. The top 25% earn $80,460 or more.
What is the starting pay for credit analysts in Grand Rapids-Wyoming-Kentwood, MI?
Entry-level pay (the 10th percentile) is about $47,550 a year, and a quarter of credit analysts earn $57,930 or less.
How many credit analysts work in Grand Rapids-Wyoming-Kentwood, MI?
About 210 credit analysts are employed in the Grand Rapids-Wyoming-Kentwood, MI metro area, not counting the self-employed.