Average Credit Analysts Salary in Worcester, MA
The average salary for Credit Analystss in Worcester, MA is $76,760. While this is lower than the national average, the cost of living in Worcester, MA may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $76,760 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $97,660.
- Outlook: The current demand for Credit Analystss is stable, with a local workforce of approximately 130 professionals. This role remains a specialized component of the broader Worcester, MA economy.
Salary Overview
The average Credit Analysts in Worcester, MA earns-21.8%below the national average.
$36.9
$1,476
$6,397
Credit Analysts Salary Trends (2020-2024)
Historical trend data for Credit Analysts in Worcester, MA is limited, but current market signals indicate a stable demand environment.
Credit Analysts Salary Distribution in Worcester, MA
The earning potential for Credit Analystss in Worcester, MA varies significantly by experience level. The salary gap is relatively narrow, suggesting consistent and predictable earnings from entry-level to senior positions. Entry-level roles (10th percentile) typically start around $57,990, while highly experienced professionals can command wages upwards of $97,660.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $57,990 | $27.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $57,570 | $27.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $68,260 | $32.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $95,950 | $46.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $97,660 | $47 |
Detailed Credit Analysts Market Analysis
Relocation Context
Nominal Salary
$76,760
Gross Pay
Real Wage (Purchasing Power)
$76,760
Adjusted for COL (100)
In Worcester, MA, the Cost of Living Index is 100. This increases your effective purchasing power from $76,760 to $76,760.
Job Market Context
130
Total Jobs
0.357
Per 1K Jobs
0.82
Location Quotient
Worcester, MA has 0.82x 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.
130 people work as Credit Analysts in Worcester, MA.
Only 0.357 out of every 1,000 local jobs are Credit Analysts roles — this is a niche profession in the area.
Nearby Job Markets
Nearby Cities for Credit Analysts
| City | Salary | Dist. |
|---|---|---|
| Providence-Warwick, RI-MA Credit Analysts Salary | $89,600↑ 17% | 37 mi |
| Boston-Cambridge-Newton, MA-NH Credit Analysts Salary | $104,100↑ 36% | 37 mi |
| Springfield, MA Credit Analysts Salary | $78,790↑ 3% | 39 mi |
Comparing salaries near Worcester, MA
Hiring Credit Analystss?
Frequently Asked Questions
How much does a Credit Analysts make in Worcester, MA?
The median annual salary for a Credit Analysts in Worcester, MA is $76,760. This typically ranges from $57,990 for entry-level positions to $97,660 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Worcester, MA is 21.8% lower than the national median of $98,110.
Is Worcester, MA a good place for Credit Analystss?
It depends on your priorities. While the average Credit Analysts salary in Worcester, MA is $76,760 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Worcester, MA. See distinct detailed breakdown below.
Is Worcester, MA a good place to live for Credit Analysts?
The Cost of Living Index in Worcester, MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Worcester, MA?
Some top paying nearby cities include Providence-Warwick, RI-MA ($89,600) and Boston-Cambridge-Newton, MA-NH.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 130 employees in the Worcester, MA area with a job density of 0.357 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 Worcester, MA