Average Credit Analysts Salary in Raleigh-Cary, NC
In Raleigh-Cary, North Carolina, Credit Analysts earn an average annual salary of $89,290. This figure is notably below the national average of $98,110, suggesting that local market dynamics and potentially a different industry focus within the region influence compensation levels. While the cost of living is on par with the national average, the slightly lower salary indicates a less competitive demand for this specific role compared to other metropolitan areas.
Executive Summary
- Average Salary: $89,290 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $143,830.
- Outlook: The Credit Analyst job market in Raleigh-Cary, NC, comprises a local workforce of 240 professionals. With a Location Quotient of 0.77, the concentration of these roles is slightly below the national average, indicating a moderate presence rather than a highly specialized hub. The rate of 0.337 jobs per 1,000 workers further suggests a stable but not exceptionally robust demand for Credit Analysts in this specific metropolitan area.
Salary Overview
The average Credit Analysts in Raleigh-Cary, NC earns-9.0%below the national average.
$42.9
$1,717
$7,441
Credit Analysts Salary Trends (2020-2024)
While specific historical data for Raleigh-Cary is not provided, it is reasonable to assume that salaries for Credit Analysts in this region have experienced growth over the past four years, mirroring national trends. Economic expansion and evolving financial landscapes typically drive increases in compensation for skilled professionals, even in markets with slightly lower concentration.
Credit Analysts Salary Distribution in Raleigh-Cary, NC
Salary progression for Credit Analysts in Raleigh-Cary, NC, typically scales significantly with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with specialized skills and a proven track record can command salaries in the upper percentiles. The widening gap between entry-level and senior roles reflects the increasing value placed on expertise and responsibility within the financial sector.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $60,930 | $29.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $66,968 | $32.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $79,190 | $38.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $111,613 | $53.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $143,830 | $69.1 |
Detailed Credit Analysts Market Analysis
Relocation Context
Nominal Salary
$89,290
Gross Pay
Real Wage (Purchasing Power)
$89,290
Adjusted for COL (100)
The average annual salary of $89,290 for Credit Analysts in Raleigh-Cary, NC, aligns perfectly with the local Cost of Living Index of 100. This means that the nominal salary offers purchasing power equivalent to the national average, providing a stable financial standing for professionals in this area without the added pressure of a higher cost of living.
Job Market Context
240
Total Jobs
0.337
Per 1K Jobs
0.77
Location Quotient
Raleigh-Cary, NC has 0.77x 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.
A Location Quotient of 0.77 for Credit Analysts in Raleigh-Cary, NC, indicates that the job market for this profession is less concentrated than the national average. This suggests that while opportunities exist, the market may be less saturated, potentially offering a more balanced environment for job seekers compared to areas with a higher concentration of these roles. It implies a steady, rather than booming, demand.
Nearby Job Markets
Nearby Cities for Credit Analysts
| City | Salary | Dist. |
|---|---|---|
| Durham-Chapel Hill, NC Credit Analysts Salary | $91,110↑ 2% | 18 mi |
Comparing salaries near Raleigh-Cary, NC
Hiring Credit Analystss?
Frequently Asked Questions
How much does a Credit Analysts make in Raleigh-Cary, NC?
The median annual salary for a Credit Analysts in Raleigh-Cary, NC is $89,290. This typically ranges from $60,930 for entry-level positions to $143,830 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Raleigh-Cary, NC is 9.0% lower than the national median of $98,110.
Is Raleigh-Cary, NC a lucrative place for Credit Analysts?
No, not exceptionally lucrative compared to the national average.While the cost of living is average, the Credit Analyst salary in Raleigh-Cary is below the national average. The market concentration is also slightly lower than the national benchmark.
Is Raleigh-Cary, NC a good place to live for Credit Analysts?
The Cost of Living Index in Raleigh-Cary, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Raleigh-Cary, NC?
Some top paying nearby cities include Durham-Chapel Hill, NC ($91,110) and others.
How does Raleigh-Cary's Credit Analyst salary compare to the national average?
The average annual salary for Credit Analysts in Raleigh-Cary, NC, is $89,290, which is approximately $8,820 less than the national average of $98,110.
What is the concentration of Credit Analysts in Raleigh-Cary, NC?
The concentration of Credit Analysts in Raleigh-Cary, NC, is indicated by a Location Quotient of 0.77, meaning it is slightly less concentrated than the national average.
Does the cost of living affect the value of a Credit Analyst's salary in Raleigh-Cary?
No, the cost of living in Raleigh-Cary is exactly at the national average (100), so the nominal salary of $89,290 holds its purchasing power equivalently to the national average.
How many Credit Analysts are there in Raleigh-Cary, NC?
There are approximately 240 Credit Analysts working in the Raleigh-Cary, NC area, representing 0.337 jobs per 1,000 workers.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 240 employees in the Raleigh-Cary, NC area with a job density of 0.337 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 Raleigh-Cary, NC