Average Credit Analysts Salary in Champaign-Urbana, IL
The average salary for Credit Analystss in Champaign-Urbana, IL is $78,250. While this is lower than the national average, the cost of living in Champaign-Urbana, IL may offset the difference, preserving real purchasing power. Notably, Champaign-Urbana, IL is a key hub for this profession, with a job concentration 1.21x higher than average.
Executive Summary
- Average Salary: $78,250 per year.
- Growth Trend: Salaries have shifted 18.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $103,410.
- Outlook: The current demand for Credit Analystss is stable, with a local workforce of approximately 60 professionals. This role remains a specialized component of the broader Champaign-Urbana, IL economy.
Salary Overview
The average Credit Analysts in Champaign-Urbana, IL earns-20.2%below the national average.
$37.6
$1,505
$6,521
Credit Analysts Salary Trends (2020-2024)
Over the past 4 years, Credit Analysts salaries in Champaign-Urbana, IL have shown healthy growth of 18.4%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Credit Analysts Salary Distribution in Champaign-Urbana, IL
The earning potential for Credit Analystss in Champaign-Urbana, IL varies significantly by experience level. The salary gap is relatively narrow, suggesting consistent and predictable earnings from entry-level to senior positions. Entry-level roles (10th percentile) typically start around $54,900, while highly experienced professionals can command wages upwards of $103,410.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $54,900 | $26.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $58,688 | $28.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $75,210 | $36.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $97,813 | $47 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $103,410 | $49.7 |
Detailed Credit Analysts Market Analysis
Relocation Context
Nominal Salary
$78,250
Gross Pay
Real Wage (Purchasing Power)
$78,250
Adjusted for COL (100)
In Champaign-Urbana, IL, the Cost of Living Index is 100. This increases your effective purchasing power from $78,250 to $78,250.
Job Market Context
60
Total Jobs
0.53
Per 1K Jobs
1.21
Location Quotient
With a location quotient of 1.21, Champaign-Urbana, IL has a slightly higher-than-average concentration of Credit Analysts roles compared to the national norm.
60 people work as Credit Analysts in Champaign-Urbana, IL.
Only 0.53 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↓ 11% | 41 mi |
| East Central Illinois nonmetropolitan area Credit Analysts Salary | $81,830↑ 5% | 41 mi |
| Northwest Illinois nonmetropolitan area Credit Analysts Salary | $67,340↓ 14% | 41 mi |
| South Illinois nonmetropolitan area Credit Analysts Salary | $68,350↓ 13% | 41 mi |
Comparing salaries near Champaign-Urbana, IL
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Frequently Asked Questions
How much does a Credit Analysts make in Champaign-Urbana, IL?
The median annual salary for a Credit Analysts in Champaign-Urbana, IL is $78,250. This typically ranges from $54,900 for entry-level positions to $103,410 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Champaign-Urbana, IL is 20.2% lower than the national median of $98,110.
Is Champaign-Urbana, IL a good place for Credit Analystss?
Yes, Champaign-Urbana, IL is highly recommended due to strong job demand. While salaries are competitive ($78,250), the area is particularly notable for its high job density for Credit Analystss. See distinct detailed breakdown below.
Is Champaign-Urbana, IL a good place to live for Credit Analysts?
The Cost of Living Index in Champaign-Urbana, IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Champaign-Urbana, 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 60 employees in the Champaign-Urbana, IL area with a job density of 0.53 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Credit Analysts Salaries by State
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Semantic Salary Analysis for Credit Analysts • Data source: BLS OEWS 2024 •Jobs in Champaign-Urbana, IL