Average Credit Counselors Salary in Florida
In Florida, Credit Counselors earn an average annual salary of $50,330, which is notably below the national average of $55,430. This disparity can be attributed to a combination of factors specific to the Sunshine State's economic landscape and demand for these specialized financial services. Understanding these local dynamics is crucial for professionals in this field.
Executive Summary
- Average Salary: $50,330 per year.
- Growth Trend: Salaries have shifted 0.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $61,210.
- Outlook: Florida's market for Credit Counselors appears robust, evidenced by a substantial local workforce of 2,760 individuals. The Location Quotient of 1.54 significantly exceeds the national average, indicating a higher concentration of these roles within the state's employment ecosystem. This suggests a strong and potentially growing demand for skilled Credit Counselors across Florida.
Salary Overview
The average Credit Counselors in Florida earns-9.2%below the national average.
$24.2
$968
$4,194
Credit Counselors Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Credit Counselors in Florida have experienced a steady upward trend over the past four years, mirroring national economic recovery and increasing demand for financial guidance services. This growth is likely driven by evolving consumer needs and a dynamic financial regulatory environment.
Credit Counselors Salary Distribution in Florida
Career progression for Credit Counselors in Florida typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command salaries well above the average. The percentile gaps in salary distribution clearly signify the potential for substantial career advancement and increased earning power.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $36,020 | $17.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $37,748 | $18.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $48,340 | $23.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $62,913 | $30.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $61,210 | $29.4 |
Detailed Credit Counselors Market Analysis
Relocation Context
Nominal Salary
$50,330
Gross Pay
Real Wage (Purchasing Power)
$49,198
Adjusted for COL (102.3)
The average Credit Counselor salary of $50,330 in Florida needs to be viewed in the context of the state's Cost of Living Index, which stands at 102.3. This index is slightly above the national average, meaning that everyday expenses are marginally higher than the typical U.S. city. Therefore, while the nominal salary is below the national average, the slightly elevated cost of living suggests that the purchasing power of a Florida-based Credit Counselor's salary is somewhat constrained.
Job Market Context
2,760
Total Jobs
0.281
Per 1K Jobs
1.54
Location Quotient
Florida has 1.5x the national concentration of Credit Counselors jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
With a Location Quotient of 1.54, Florida exhibits a significantly higher concentration of Credit Counselor jobs compared to the national average. This indicates that the job market in Florida is relatively more abundant with these positions, suggesting a competitive environment for both employers seeking talent and professionals seeking employment. This concentration could lead to specialized opportunities but also implies a need for differentiation among job seekers.
Nearby Job Markets
Nearby Cities for Credit Counselors
| City | Salary | Dist. |
|---|---|---|
| Tampa-St. Petersburg-Clearwater, FL Credit Counselors Salary | $49,480↓ 2% | 49 mi |
| Orlando-Kissimmee-Sanford, FL Credit Counselors Salary | $48,450↓ 4% | 57 mi |
| North Port-Bradenton-Sarasota, FL Credit Counselors Salary | $46,770↓ 7% | 58 mi |
Comparing salaries near Florida
Hiring Credit Counselorss?
Frequently Asked Questions
How much does a Credit Counselors make in Florida?
The median annual salary for a Credit Counselors in Florida is $50,330. This typically ranges from $36,020 for entry-level positions to $61,210 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Florida is 9.2% lower than the national median of $55,430.
Is Florida a lucrative place for Credit Counselors?
No, not exceptionally lucrative compared to the national average.While Florida has a strong concentration of Credit Counselor roles, the average salary of $50,330 falls below the national average of $55,430, and the cost of living is slightly higher than the national average.
Is Florida a good place to live for Credit Counselors?
The Cost of Living Index in Florida is 102.3. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Florida?
Some top paying nearby cities include Tampa-St. Petersburg-Clearwater, FL ($49,480) and Orlando-Kissimmee-Sanford, FL.
What is the average salary for a Credit Counselor in Florida?
The average annual salary for a Credit Counselor in Florida is $50,330.
How does Florida's cost of living compare to the national average?
Florida's cost of living index is 102.3, which is slightly above the national average of 100, indicating marginally higher living expenses.
Is the demand for Credit Counselors high in Florida?
Yes, the demand appears to be high, as indicated by a Location Quotient of 1.54, which is significantly above the national average, suggesting a greater concentration of these jobs in the state.
How many Credit Counselors are there in Florida?
There are approximately 2,760 Credit Counselors employed in Florida.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,760 employees in the Florida area with a job density of 0.281 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 Counselors • Data source: BLS OEWS 2024 •Jobs in Florida