Average Credit Counselors Salary in Los Angeles-Long Beach-Anaheim, CA
Credit Counselors in the Los Angeles-Long Beach-Anaheim, CA metropolitan area earn an average annual salary of $66,890, significantly surpassing the national average of $55,430. This elevated compensation reflects the dynamic economic landscape and higher operational costs often associated with major metropolitan hubs like Los Angeles.
Executive Summary
- Average Salary: $66,890 per year.
- Growth Trend: Salaries have shifted 21.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $88,310.
- Outlook: With a local workforce of 850 Credit Counselors, the Los Angeles-Long Beach-Anaheim area demonstrates a substantial presence in this field. The Location Quotient of 0.75 suggests a slightly lower concentration of these roles compared to the national average, indicating a potentially stable but not overly saturated job market, offering consistent opportunities for skilled professionals.
Salary Overview
The average Credit Counselors in Los Angeles-Long Beach-Anaheim, CA earns+20.7%above the national average.
$32.2
$1,286
$5,574
Credit Counselors Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Credit Counselors in Los Angeles-Long Beach-Anaheim have experienced steady growth over the past four years. This trend is generally driven by inflation, increasing demand for financial advisory services, and the overall economic expansion within the region, leading to competitive wage adjustments.
Credit Counselors Salary Distribution in Los Angeles-Long Beach-Anaheim, CA
Career progression for Credit Counselors typically involves a noticeable 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 widening gap between entry-level and senior roles reflects the value placed on expertise and proven performance in financial counseling.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $43,580 | $21 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $50,168 | $24.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $64,920 | $31.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $83,613 | $40.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $88,310 | $42.5 |
Detailed Credit Counselors Market Analysis
Relocation Context
Nominal Salary
$66,890
Gross Pay
Real Wage (Purchasing Power)
$66,890
Adjusted for COL (100)
The average annual salary of $66,890 in Los Angeles-Long Beach-Anaheim aligns perfectly with the national Cost of Living Index of 100. This means that the purchasing power of a Credit Counselor's salary in this area is equivalent to the national average, suggesting that while nominal wages are higher, the cost of essential goods and services remains balanced.
Job Market Context
850
Total Jobs
0.137
Per 1K Jobs
0.75
Location Quotient
Los Angeles-Long Beach-Anaheim, CA has 0.75x the national average concentration of Credit Counselors 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 0.75 indicates that Credit Counselors are employed in the Los Angeles-Long Beach-Anaheim area at a rate slightly below the national average per worker. This suggests that while the profession is present and valued, it is not disproportionately concentrated, implying a healthy balance between job availability and the number of professionals in the market.
Nearby Job Markets
Nearby Cities for Credit Counselors
| City | Salary | Dist. |
|---|---|---|
| Riverside-San Bernardino-Ontario, CA Credit Counselors Salary | $67,670↑ 1% | 49 mi |
| Oxnard-Thousand Oaks-Ventura, CA Credit Counselors Salary | $64,730↓ 3% | 55 mi |
Comparing salaries near Los Angeles-Long Beach-Anaheim, CA
Hiring Credit Counselorss?
Frequently Asked Questions
How much does a Credit Counselors make in Los Angeles-Long Beach-Anaheim, CA?
The median annual salary for a Credit Counselors in Los Angeles-Long Beach-Anaheim, CA is $66,890. This typically ranges from $43,580 for entry-level positions to $88,310 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Los Angeles-Long Beach-Anaheim, CA is 20.7% higher than the national median of $55,430.
Is Los Angeles-Long Beach-Anaheim, CA a lucrative place for Credit Counselors?
Yes, it is a lucrative place for Credit Counselors.Credit Counselors in this region earn approximately $11,460 more annually than the national average. Coupled with a cost of living that matches the national average, this makes the area financially advantageous for the profession.
Is Los Angeles-Long Beach-Anaheim, CA a good place to live for Credit Counselors?
The Cost of Living Index in Los Angeles-Long Beach-Anaheim, CA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Los Angeles-Long Beach-Anaheim, CA?
Some top paying nearby cities include Riverside-San Bernardino-Ontario, CA ($67,670) and Oxnard-Thousand Oaks-Ventura, CA.
How does the Los Angeles-Long Beach-Anaheim Credit Counselor salary compare to the national average?
The average annual salary for Credit Counselors in Los Angeles-Long Beach-Anaheim is $66,890, which is $11,460 higher than the national average of $55,430.
What is the concentration of Credit Counselors in Los Angeles-Long Beach-Anaheim compared to the rest of the country?
The Location Quotient for Credit Counselors in this metropolitan area is 0.75, indicating a slightly lower concentration of these professionals relative to the national average.
Does the cost of living in Los Angeles-Long Beach-Anaheim affect the value of a Credit Counselor's salary?
No, the cost of living in Los Angeles-Long Beach-Anaheim is exactly at the national average (100). Therefore, the higher nominal salary of $66,890 translates directly into equivalent purchasing power compared to the national average.
How many Credit Counselors work in the Los Angeles-Long Beach-Anaheim area?
There are approximately 850 Credit Counselors employed within the Los Angeles-Long Beach-Anaheim metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 850 employees in the Los Angeles-Long Beach-Anaheim, CA area with a job density of 0.137 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 Los Angeles-Long Beach-Anaheim, CA