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Average Credit Analysts Salary in North Carolina

Credit Analysts in North Carolina command an impressive average annual salary of $101,150, surpassing the national average of $98,110. This elevated compensation is influenced by the state's robust financial sector and a concentrated demand for specialized analytical skills within its economic landscape.

Executive Summary

  • Average Salary: $101,150 per year.
  • Growth Trend: Salaries have shifted 5.1% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $164,070.
  • Outlook: North Carolina's market for Credit Analysts appears robust, evidenced by a substantial local workforce of 2,970 professionals. The Location Quotient of 1.39 indicates a higher concentration of these roles compared to the national average, suggesting strong and potentially growing demand for skilled analysts within the state.
2024 Market Data

Salary Overview

$101,150

The average Credit Analysts in North Carolina earns+3.1%above the national average.

BreakdownBased on 40h/week
Hourly

$48.6

Weekly

$1,945

Monthly

$8,429

Credit Analysts Salary Distribution in North Carolina

Career progression for Credit Analysts in North Carolina typically sees significant salary increases with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with specialized expertise and a proven track record can command salaries well into the upper percentiles, reflecting a clear path for advancement and increased earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$61,510$29.6
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$75,863$36.5
ManagerOversees team, compliance, and project delivery.50% (Median)$88,230$42.4
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$126,438$60.8
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$164,070$78.9

Detailed Credit Analysts Market Analysis

Relocation Context

Nominal Salary

$101,150

Gross Pay

Real Wage (Purchasing Power)

$106,586

Adjusted for COL (94.9)

The nominal average salary of $101,150 in North Carolina presents a favorable financial outlook, especially when contrasted with the state's Cost of Living Index of 94.9. This index, being below the national average of 100, suggests that the purchasing power of a Credit Analyst's salary in North Carolina is likely higher than the national average, making it an economically attractive location.

Job Market Context

2,970

Total Jobs

0.606

Per 1K Jobs

1.39

Location Quotient

Above Average

With a location quotient of 1.39, North Carolina has a slightly higher-than-average concentration of Credit Analysts roles compared to the national norm.

With a Location Quotient of 1.39, North Carolina exhibits a notably higher concentration of Credit Analyst positions than the national average. This suggests a competitive yet potentially abundant job market, where employers may actively seek out talent, and professionals have a good opportunity to find suitable roles within the state's financial ecosystem.

Nearby Job Markets

Nearby Cities for Credit Analysts

CitySalaryDist.
Greensboro-High Point, NC Credit Analysts Salary$89,280↓ 12%32 mi
Winston-Salem, NC Credit Analysts Salary$126,350↑ 25%41 mi
Durham-Chapel Hill, NC Credit Analysts Salary$91,110↓ 10%56 mi

Comparing salaries near North Carolina

Hiring Credit Analystss?

Frequently Asked Questions

How much does a Credit Analysts make in North Carolina?

The median annual salary for a Credit Analysts in North Carolina is $101,150. This typically ranges from $61,510 for entry-level positions to $164,070 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in North Carolina is 3.1% higher than the national median of $98,110.

Is North Carolina a lucrative place for Credit Analysts?

Yes, North Carolina offers a lucrative environment for Credit Analysts.The state boasts an average salary exceeding the national benchmark and a cost of living that is below the national average, enhancing overall financial well-being.

Is North Carolina a good place to live for Credit Analysts?

With a Cost of Living Index of 94.9 (lower than the national average of 100), your salary goes further here.

Where are the highest paying cities near North Carolina?

Some top paying nearby cities include Greensboro-High Point, NC ($89,280) and Winston-Salem, NC.

How does the number of Credit Analysts in North Carolina compare nationally?

North Carolina has a local workforce of 2,970 Credit Analysts, and its Location Quotient of 1.39 indicates a higher concentration of these professionals compared to the national average.

What is the purchasing power of a Credit Analyst's salary in North Carolina?

With an average salary of $101,150 and a Cost of Living Index of 94.9, the purchasing power is strong, as the cost of living is below the national average.

Are there many job opportunities for Credit Analysts in North Carolina?

The Location Quotient of 1.39 suggests a strong presence and demand for Credit Analysts, indicating a healthy job market with ample opportunities.

How does experience impact a Credit Analyst's salary in North Carolina?

Experience significantly influences salary, with entry-level roles earning less and senior analysts with specialized skills commanding higher salaries, reflecting clear career progression.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,970 employees in the North Carolina area with a job density of 0.606 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Credit Analysts • Data source: BLS OEWS 2024 •Jobs in North Carolina