Average Credit Analysts Salary in Tulsa, OK
In Tulsa, OK, Credit Analysts earn an average annual salary of $74,870. This figure is notably below the national average of $98,110, reflecting regional economic factors and the specific demand dynamics within the Tulsa metropolitan area. While the national landscape may offer higher compensation, local market conditions in Tulsa play a significant role in shaping this compensation benchmark.
Executive Summary
- Average Salary: $74,870 per year.
- Growth Trend: Salaries have shifted 22.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $113,370.
- Outlook: The Credit Analyst job market in Tulsa, OK, shows a moderate level of concentration, indicated by a Location Quotient of 1.33, suggesting a slightly higher presence of these roles compared to the national average. With a local workforce of 260 professionals, the demand, while present, is not overwhelmingly saturated, offering a stable environment for those in the field.
Salary Overview
The average Credit Analysts in Tulsa, OK earns-23.7%below the national average.
$36
$1,440
$6,239
Credit Analysts Salary Trends (2020-2024)
While specific historical data for Tulsa's Credit Analyst salaries over the past four years is not provided, it is reasonable to assume a general upward trend in compensation, mirroring national patterns of salary growth driven by inflation, increased demand for financial expertise, and evolving industry standards. This suggests that the $74,870 average may see incremental increases in the coming years.
Credit Analysts Salary Distribution in Tulsa, OK
The career trajectory for Credit Analysts in Tulsa, like elsewhere, typically involves significant salary progression with experience. Entry-level positions will likely command salaries at the lower end of the spectrum, while seasoned professionals with extensive experience and specialized skills can expect to earn considerably more, potentially reaching higher percentiles of the salary distribution. These percentile gaps are indicative of the value placed on accumulated knowledge and proven analytical capabilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,350 | $22.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $56,153 | $27 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $65,910 | $31.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $93,588 | $45 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $113,370 | $54.5 |
Detailed Credit Analysts Market Analysis
Relocation Context
Nominal Salary
$74,870
Gross Pay
Real Wage (Purchasing Power)
$74,870
Adjusted for COL (100)
The average annual salary for a Credit Analyst in Tulsa, OK, stands at $74,870. When juxtaposed with the local Cost of Living Index of 100, which is precisely the national average, this nominal salary translates directly to purchasing power equivalent to the national median. This means that while the absolute salary is lower than the national average, the cost of living does not diminish its real value relative to the rest of the country.
Job Market Context
260
Total Jobs
0.581
Per 1K Jobs
1.33
Location Quotient
With a location quotient of 1.33, Tulsa, OK has a slightly higher-than-average concentration of Credit Analysts roles compared to the national norm.
With a Location Quotient of 1.33, Tulsa, OK, demonstrates a concentration of Credit Analyst roles that is 33% higher than the national average. This suggests a relatively robust demand for these professionals within the local market, indicating that the job market is more favorable than a national average scenario, offering potentially more opportunities or a more competitive environment for skilled analysts.
Nearby Job Markets
Nearby Cities for Credit Analysts
| City | Salary | Dist. |
|---|---|---|
| Southeast Oklahoma nonmetropolitan area Credit Analysts Salary | $64,340↓ 14% | 69 mi |
| Northeast Oklahoma nonmetropolitan area Credit Analysts Salary | $72,020↓ 4% | 69 mi |
| Fayetteville-Springdale-Rogers, AR Credit Analysts Salary | $67,210↓ 10% | 97 mi |
Comparing salaries near Tulsa, OK
Hiring Credit Analystss?
Frequently Asked Questions
How much does a Credit Analysts make in Tulsa, OK?
The median annual salary for a Credit Analysts in Tulsa, OK is $74,870. This typically ranges from $47,350 for entry-level positions to $113,370 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Tulsa, OK is 23.7% lower than the national median of $98,110.
Is Tulsa, OK a lucrative place for Credit Analysts?
Moderately lucrative, with stable purchasing power.While the average salary of $74,870 is below the national average, Tulsa's cost of living being at the national average means the salary offers equivalent purchasing power. The Location Quotient of 1.33 also indicates a healthy concentration of these roles.
Is Tulsa, OK a good place to live for Credit Analysts?
The Cost of Living Index in Tulsa, OK is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Tulsa, OK?
Some top paying nearby cities include Southeast Oklahoma nonmetropolitan area ($64,340) and Northeast Oklahoma nonmetropolitan area.
How does Tulsa's Credit Analyst salary compare to the national average?
The average salary for Credit Analysts in Tulsa, OK, is $74,870, which is approximately 24% lower than the national average of $98,110.
What is the significance of Tulsa's Location Quotient (LQ) for Credit Analysts?
An LQ of 1.33 signifies that Credit Analysts are 33% more concentrated in Tulsa than the national average, suggesting a stronger local industry presence and potentially more job opportunities relative to the national distribution.
How does the cost of living in Tulsa affect the Credit Analyst salary?
Tulsa's Cost of Living Index is 100, matching the national average. This means the $74,870 salary in Tulsa offers the same relative purchasing power as the national average salary would in a national-average cost-of-living area.
What is the total number of Credit Analysts employed in Tulsa, OK?
There are approximately 260 Credit Analysts employed in Tulsa, OK, representing a specific segment of the local financial services workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 260 employees in the Tulsa, OK area with a job density of 0.581 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Credit Analysts Salaries by State
Top Jobs in Tulsa, OK
- All Occupations Salary in Tulsa, OK
- Office and Administrative Support Occupations Salary in Tulsa, OK
- Food Preparation and Serving Related Occupations Salary in Tulsa, OK
- Sales and Related Occupations Salary in Tulsa, OK
- Transportation and Material Moving Occupations Salary in Tulsa, OK
- Production Occupations Salary in Tulsa, OK
- Healthcare Practitioners and Technical Occupations Salary in Tulsa, OK
- Management Occupations Salary in Tulsa, OK
- Installation, Maintenance, and Repair Occupations Salary in Tulsa, OK
- Business and Financial Operations Occupations Salary in Tulsa, OK
- Browse All Jobs in Tulsa, OK →
Semantic Salary Analysis for Credit Analysts • Data source: BLS OEWS 2024 •Jobs in Tulsa, OK