Average Credit Counselors Salary in Pennsylvania
Credit Counselors in Pennsylvania earn an average annual salary of $54,620, which is slightly below the national average of $55,430. This marginal difference can be attributed to a variety of local economic factors, including the specific demand within the state and the overall cost of living.
Executive Summary
- Average Salary: $54,620 per year.
- Growth Trend: Salaries have shifted 3.9% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $71,530.
- Outlook: Pennsylvania's market for Credit Counselors appears robust, evidenced by a total local workforce of 1,420 professionals. The Location Quotient of 1.29 indicates a higher concentration of these roles compared to the national average, suggesting a steady demand and a potentially favorable job market for skilled individuals in this field.
Salary Overview
The average Credit Counselors in Pennsylvania earns-1.5%below the national average.
$26.3
$1,050
$4,552
Credit Counselors Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Credit Counselors in Pennsylvania have experienced growth over the past four years, mirroring national trends. Economic shifts and evolving consumer needs for financial guidance likely contribute to a gradual upward trajectory in compensation for experienced professionals.
Credit Counselors Salary Distribution in Pennsylvania
Career progression for Credit Counselors in Pennsylvania typically involves a salary increase with experience. Entry-level positions may start at a lower percentile, while senior counselors with extensive expertise and a proven track record can command salaries significantly above the average, reflecting their value and specialized knowledge.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $40,260 | $19.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $40,965 | $19.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $49,040 | $23.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $68,275 | $32.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $71,530 | $34.4 |
Detailed Credit Counselors Market Analysis
Relocation Context
Nominal Salary
$54,620
Gross Pay
Real Wage (Purchasing Power)
$55,172
Adjusted for COL (99)
The average annual salary of $54,620 in Pennsylvania aligns closely with the state's Cost of Living Index of 99, which is precisely at the national average. This means that the nominal salary offers purchasing power that is comparable to the national standard, making relocation to Pennsylvania financially neutral from a cost-of-living perspective.
Job Market Context
1,420
Total Jobs
0.236
Per 1K Jobs
1.29
Location Quotient
With a location quotient of 1.29, Pennsylvania has a slightly higher-than-average concentration of Credit Counselors roles compared to the national norm.
With a Location Quotient of 1.29, Pennsylvania demonstrates a greater concentration of Credit Counselors than the national average. This suggests that the job market may be more competitive, but also that there is a higher density of opportunities and potentially more specialized roles available for those seeking employment in this sector.
Nearby Job Markets
Nearby Cities for Credit Counselors
| City | Salary | Dist. |
|---|---|---|
| Harrisburg-Carlisle, PA Credit Counselors Salary | $65,210↑ 19% | 66 mi |
Comparing salaries near Pennsylvania
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Frequently Asked Questions
How much does a Credit Counselors make in Pennsylvania?
The median annual salary for a Credit Counselors in Pennsylvania is $54,620. This typically ranges from $40,260 for entry-level positions to $71,530 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Pennsylvania is 1.5% lower than the national median of $55,430.
Is Pennsylvania a lucrative place for Credit Counselors?
Yes, with a slight caveat.Pennsylvania offers a competitive salary for Credit Counselors that aligns with the national average cost of living. While the average salary is slightly below the national benchmark, the strong concentration of roles suggests ample opportunity.
Is Pennsylvania a good place to live for Credit Counselors?
With a Cost of Living Index of 99 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near Pennsylvania?
Some top paying nearby cities include Harrisburg-Carlisle, PA ($65,210) and others.
How does Pennsylvania's Credit Counselor salary compare to the national average?
The average annual salary for Credit Counselors in Pennsylvania is $54,620, which is slightly lower than the national average of $55,430.
What is the concentration of Credit Counselors in Pennsylvania?
Pennsylvania has a Location Quotient of 1.29 for Credit Counselors, indicating a higher concentration of these professionals compared to the national average.
How does the cost of living in Pennsylvania affect Credit Counselor salaries?
Pennsylvania's Cost of Living Index is 99, meaning it is at the national average. This suggests that the $54,620 salary provides purchasing power comparable to the national average.
What does the total workforce size suggest about the Credit Counselor job market in Pennsylvania?
With a total local workforce of 1,420 Credit Counselors, Pennsylvania has a substantial presence in this field, indicating a stable and active 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 1,420 employees in the Pennsylvania area with a job density of 0.236 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 Pennsylvania