Average Credit Analysts Salary in Texas
In Texas, Credit Analysts earn an average annual salary of $87,660, which is notably below the national average of $98,110. This disparity can be attributed to a combination of factors specific to the Texas market, including regional economic conditions, the concentration of financial institutions, and the overall demand for financial analysis expertise within the state.
Executive Summary
- Average Salary: $87,660 per year.
- Growth Trend: Salaries have shifted 14.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $134,170.
- Outlook: The Texas job market for Credit Analysts appears robust, with a local workforce of 6,650 professionals. The Location Quotient of 1.1 indicates a slightly higher concentration of these roles in Texas compared to the national average, suggesting a stable and potentially growing demand for skilled Credit Analysts within the state's diverse economy.
Salary Overview
The average Credit Analysts in Texas earns-10.7%below the national average.
$42.2
$1,686
$7,305
Credit Analysts Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Credit Analysts in Texas have experienced consistent growth over the past four years, mirroring national trends. Factors such as inflation, increased demand for financial services, and the evolving complexity of financial markets likely contribute to upward pressure on compensation for these professionals.
Credit Analysts Salary Distribution in Texas
Salary progression for Credit Analysts in Texas typically scales significantly with experience. Entry-level positions may start closer to the lower end of the pay scale, while senior analysts with extensive experience and specialized skills can command salaries well above the average. The percentile gaps in earnings clearly signify the career progression and increased earning potential as one advances in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $51,130 | $24.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $65,745 | $31.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $77,300 | $37.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $109,575 | $52.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $134,170 | $64.5 |
Detailed Credit Analysts Market Analysis
Relocation Context
Nominal Salary
$87,660
Gross Pay
Real Wage (Purchasing Power)
$94,258
Adjusted for COL (93)
The nominal average salary of $87,660 in Texas presents a favorable financial picture when considering the local Cost of Living Index of 93. Since this index is below the national average of 100, the purchasing power of a Credit Analyst's salary in Texas is effectively higher than the raw salary figure might suggest, offering a good standard of living.
Job Market Context
6,650
Total Jobs
0.48
Per 1K Jobs
1.1
Location Quotient
With a location quotient of 1.10, Texas has a slightly higher-than-average concentration of Credit Analysts roles compared to the national norm.
With a Location Quotient of 1.1, the market for Credit Analysts in Texas is slightly more concentrated than the national average. This suggests a healthy demand and a competitive environment where employers actively seek qualified professionals. While not overwhelmingly saturated, the market indicates a solid presence of Credit Analyst roles within the state's financial sector.
Nearby Job Markets
Nearby Cities for Credit Analysts
| City | Salary | Dist. |
|---|---|---|
| Killeen-Temple, TX Credit Analysts Salary | $72,000↓ 18% | 10 mi |
| Austin-Round Rock-San Marcos, TX Credit Analysts Salary | $94,980↑ 8% | 53 mi |
Comparing salaries near Texas
Hiring Credit Analystss?
Frequently Asked Questions
How much does a Credit Analysts make in Texas?
The median annual salary for a Credit Analysts in Texas is $87,660. This typically ranges from $51,130 for entry-level positions to $134,170 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Texas is 10.7% lower than the national median of $98,110.
Is Texas a lucrative place for Credit Analysts?
Yes, with a caveat.While the average salary is below the national average, the lower cost of living in Texas enhances purchasing power. The strong concentration of roles also indicates a stable job market.
Is Texas a good place to live for Credit Analysts?
With a Cost of Living Index of 93 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near Texas?
Some top paying nearby cities include Killeen-Temple, TX ($72,000) and Austin-Round Rock-San Marcos, TX.
How does experience affect a Credit Analyst's salary in Texas?
Experience is a primary driver of salary increases for Credit Analysts in Texas. Junior analysts typically earn less, while senior roles with proven track records and advanced analytical skills command significantly higher compensation packages.
What is the significance of the Location Quotient for Credit Analysts in Texas?
A Location Quotient of 1.1 means that Credit Analyst roles are 10% more concentrated in Texas than the national average. This indicates a stronger presence and potentially higher demand for these professionals within the state's economy.
How does the Texas cost of living compare to the national average?
Texas boasts a Cost of Living Index of 93, which is 7% lower than the national average of 100. This means that everyday expenses are generally more affordable in Texas, allowing the average salary to stretch further.
Is the job market for Credit Analysts growing in Texas?
While specific growth rates aren't provided, the stable workforce size and a Location Quotient above 1.0 suggest a consistent and healthy demand for Credit Analysts in Texas, indicating a robust job market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 6,650 employees in the Texas area with a job density of 0.48 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 Texas