Average Credit Analysts Salary in Oklahoma City, OK
Credit Analysts in Oklahoma City, OK, earn an average annual salary of $71,680. This figure is notably below the national average of $98,110, reflecting localized market dynamics and potentially a different economic landscape compared to higher-paying regions. The specific economic conditions and demand within Oklahoma City directly influence this compensation.
Executive Summary
- Average Salary: $71,680 per year.
- Growth Trend: Salaries have shifted 21.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $110,050.
- Outlook: The Credit Analyst job market in Oklahoma City, OK, appears stable, with a total local workforce of 290 professionals. The Location Quotient of 0.99 indicates that the concentration of Credit Analysts in Oklahoma City is nearly on par with the national average, suggesting a steady but not exceptionally high demand for these roles.
Salary Overview
The average Credit Analysts in Oklahoma City, OK earns-26.9%below the national average.
$34.5
$1,378
$5,973
Credit Analysts Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Credit Analysts across the United States, including Oklahoma City, have experienced a modest upward trend over the past four years. This growth is typically driven by inflation, increasing demand for financial analysis expertise, and evolving industry standards.
Credit Analysts Salary Distribution in Oklahoma City, OK
Salary progression for Credit Analysts in Oklahoma City, OK, is significantly influenced by experience. Entry-level positions typically start at a lower percentile, while seasoned professionals with extensive experience and specialized skills can command salaries in the higher percentiles. The widening gap between entry-level and senior roles signifies clear career advancement opportunities and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $44,080 | $21.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $53,760 | $25.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $63,740 | $30.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $89,600 | $43.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $110,050 | $52.9 |
Detailed Credit Analysts Market Analysis
Relocation Context
Nominal Salary
$71,680
Gross Pay
Real Wage (Purchasing Power)
$71,680
Adjusted for COL (100)
The average annual salary of $71,680 for Credit Analysts in Oklahoma City, OK, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers purchasing power equivalent to the national average, making it a balanced financial proposition for individuals considering a move.
Job Market Context
290
Total Jobs
0.433
Per 1K Jobs
0.99
Location Quotient
Oklahoma City, OK has 0.99x 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.
With a Location Quotient of 0.99, Oklahoma City's market for Credit Analysts is very close to the national average in terms of concentration. This suggests a balanced job market where the number of available professionals closely matches the demand, indicating moderate competition and a stable employment environment for skilled Credit Analysts.
Nearby Job Markets
Nearby Cities for Credit Analysts
| City | Salary | Dist. |
|---|---|---|
| Southeast Oklahoma nonmetropolitan area Credit Analysts Salary | $64,340↓ 10% | 34 mi |
| Northeast Oklahoma nonmetropolitan area Credit Analysts Salary | $72,020↑ 0% | 34 mi |
Comparing salaries near Oklahoma City, OK
Hiring Credit Analystss?
Frequently Asked Questions
How much does a Credit Analysts make in Oklahoma City, OK?
The median annual salary for a Credit Analysts in Oklahoma City, OK is $71,680. This typically ranges from $44,080 for entry-level positions to $110,050 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Oklahoma City, OK is 26.9% lower than the national median of $98,110.
Is Oklahoma City, OK a lucrative place for Credit Analysts?
No, not particularly lucrative compared to the national average.While the cost of living is average, the Credit Analyst salary of $71,680 is significantly lower than the national average of $98,110. The market concentration is also very close to the national average, indicating no exceptional demand driving higher pay.
Is Oklahoma City, OK a good place to live for Credit Analysts?
The Cost of Living Index in Oklahoma City, OK is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Oklahoma City, OK?
Some top paying nearby cities include Southeast Oklahoma nonmetropolitan area ($64,340) and Northeast Oklahoma nonmetropolitan area.
What is the average salary for a Credit Analyst in Oklahoma City, OK?
The average annual salary for a Credit Analyst in Oklahoma City, OK, is $71,680.
How does the Oklahoma City Credit Analyst salary compare to the national average?
The average salary in Oklahoma City ($71,680) is approximately 27% lower than the national average ($98,110).
What is the cost of living in Oklahoma City, OK?
The cost of living in Oklahoma City, OK, is exactly at the national average, indicated by a Cost of Living Index of 100.
How concentrated is the Credit Analyst job market in Oklahoma City, OK?
The Credit Analyst job market in Oklahoma City is nearly on par with the national average, with a Location Quotient of 0.99, suggesting a balanced level of concentration.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 290 employees in the Oklahoma City, OK area with a job density of 0.433 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 Oklahoma City, OK