Average Credit Analysts Salary in Bloomington, IL
The average salary for a Credit Analysts in Bloomington, IL is $93,560. This compensation is in line with national standards, reflecting a balanced and stable local job market.
Executive Summary
- Average Salary: $93,560 per year.
- Growth Trend: Salaries have shifted 58.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $165,130.
- Outlook: The current demand for Credit Analystss is stable, with a local workforce of approximately 30 professionals. This role remains a specialized component of the broader Bloomington, IL economy.
Salary Overview
The average Credit Analysts in Bloomington, IL earns-4.6%below the national average.
$45
$1,799
$7,797
Credit Analysts Salary Trends (2020-2024)
Over the past 4 years, Credit Analysts salaries in Bloomington, IL have experienced a rapid surge, growing by 58.6%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Credit Analysts Salary Distribution in Bloomington, IL
The earning potential for Credit Analystss in Bloomington, IL 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 $58,750, while highly experienced professionals can command wages upwards of $165,130.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $58,750 | $28.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $70,170 | $33.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $79,820 | $38.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $116,950 | $56.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $165,130 | $79.4 |
Detailed Credit Analysts Market Analysis
Relocation Context
Nominal Salary
$93,560
Gross Pay
Real Wage (Purchasing Power)
$93,560
Adjusted for COL (100)
In Bloomington, IL, the Cost of Living Index is 100. This increases your effective purchasing power from $93,560 to $93,560.
Job Market Context
30
Total Jobs
0.384
Per 1K Jobs
0.88
Location Quotient
Bloomington, IL has 0.88x 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.
30 people work as Credit Analysts in Bloomington, IL.
Only 0.384 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. |
|---|---|---|
| West Central Illinois nonmetropolitan area Credit Analysts Salary | $69,350↓ 26% | 9 mi |
| East Central Illinois nonmetropolitan area Credit Analysts Salary | $81,830↓ 13% | 9 mi |
| Northwest Illinois nonmetropolitan area Credit Analysts Salary | $67,340↓ 28% | 9 mi |
| South Illinois nonmetropolitan area Credit Analysts Salary | $68,350↓ 27% | 9 mi |
| Peoria, IL Credit Analysts Salary | $76,260↓ 18% | 39 mi |
Comparing salaries near Bloomington, IL
Hiring Credit Analystss?
Frequently Asked Questions
How much does a Credit Analysts make in Bloomington, IL?
The median annual salary for a Credit Analysts in Bloomington, IL is $93,560. This typically ranges from $58,750 for entry-level positions to $165,130 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Bloomington, IL is 4.6% lower than the national median of $98,110.
Is Bloomington, IL a good place for Credit Analystss?
It depends on your priorities. While the average Credit Analysts salary in Bloomington, IL is $93,560 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Bloomington, IL. See distinct detailed breakdown below.
Is Bloomington, IL a good place to live for Credit Analysts?
The Cost of Living Index in Bloomington, IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Bloomington, IL?
Some top paying nearby cities include West Central Illinois nonmetropolitan area ($69,350) and East Central Illinois 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 30 employees in the Bloomington, IL area with a job density of 0.384 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 Bloomington, IL