Average Credit Analysts Salary in Albany-Schenectady-Troy, NY
The average salary for a Credit Analysts in Albany-Schenectady-Troy, NY is $102,800. This compensation is in line with national standards, reflecting a balanced and stable local job market.
Executive Summary
- Average Salary: $102,800 per year.
- Growth Trend: Salaries have shifted 24.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $167,430.
- Outlook: The current demand for Credit Analystss is stable, with a local workforce of approximately 110 professionals. This role remains a specialized component of the broader Albany-Schenectady-Troy, NY economy.
Salary Overview
The average Credit Analysts in Albany-Schenectady-Troy, NY earns+4.8%above the national average.
$49.4
$1,977
$8,567
Credit Analysts Salary Trends (2020-2024)
Over the past 4 years, Credit Analysts salaries in Albany-Schenectady-Troy, NY have experienced a rapid surge, growing by 24.2%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Credit Analysts Salary Distribution in Albany-Schenectady-Troy, NY
The earning potential for Credit Analystss in Albany-Schenectady-Troy, NY varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 2.8x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $59,070, while highly experienced professionals can command wages upwards of $167,430.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $59,070 | $28.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $77,100 | $37.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $85,680 | $41.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $128,500 | $61.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $167,430 | $80.5 |
Detailed Credit Analysts Market Analysis
Relocation Context
Nominal Salary
$102,800
Gross Pay
Real Wage (Purchasing Power)
$102,800
Adjusted for COL (100)
In Albany-Schenectady-Troy, NY, the Cost of Living Index is 100. This increases your effective purchasing power from $102,800 to $102,800.
Job Market Context
110
Total Jobs
0.238
Per 1K Jobs
0.55
Location Quotient
Albany-Schenectady-Troy, NY has 0.55x the national average concentration of Credit Analysts jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
110 people work as Credit Analysts in Albany-Schenectady-Troy, NY.
Only 0.238 out of every 1,000 local jobs are Credit Analysts roles — this is a niche profession in the area.
Nearby Job Markets
Nearby Cities for Credit Analysts
| City | Salary | Dist. |
|---|---|---|
| Southwest New York nonmetropolitan area Credit Analysts Salary | $87,550↓ 15% | 68 mi |
| Central East New York nonmetropolitan area Credit Analysts Salary | $81,550↓ 21% | 68 mi |
Comparing salaries near Albany-Schenectady-Troy, NY
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Frequently Asked Questions
How much does a Credit Analysts make in Albany-Schenectady-Troy, NY?
The median annual salary for a Credit Analysts in Albany-Schenectady-Troy, NY is $102,800. This typically ranges from $59,070 for entry-level positions to $167,430 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albany-Schenectady-Troy, NY is 4.8% higher than the national median of $98,110.
Is Albany-Schenectady-Troy, NY a good place for Credit Analystss?
Yes, Albany-Schenectady-Troy, NY is financially attractive for Credit Analystss. The average salary of $102,800 exceeds the national average. See distinct detailed breakdown below.
Is Albany-Schenectady-Troy, NY a good place to live for Credit Analysts?
The Cost of Living Index in Albany-Schenectady-Troy, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Albany-Schenectady-Troy, NY?
Some top paying nearby cities include Southwest New York nonmetropolitan area ($87,550) and Central East New York nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 110 employees in the Albany-Schenectady-Troy, NY area with a job density of 0.238 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Credit Analysts • Data source: BLS OEWS 2024 •Jobs in Albany-Schenectady-Troy, NY