Average Credit Counselors Salary in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
In the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metropolitan area, Credit Counselors earn an average annual salary of $58,950. This figure slightly surpasses the national average of $55,430, indicating a localized demand and compensation structure that reflects the economic dynamics of this specific region. The presence of a substantial workforce and a location quotient near the national average suggests a stable, yet competitive, market for these professionals.
Executive Summary
- Average Salary: $58,950 per year.
- Growth Trend: Salaries have shifted 2.8% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $76,070.
- Outlook: The Credit Counselor job market in Philadelphia-Camden-Wilmington appears robust, supported by a local workforce of 550 professionals. With a location quotient of 1.05, the concentration of these roles is slightly above the national average, suggesting a healthy demand that aligns with or slightly exceeds national trends. The density of jobs per 1,000 workers at 0.192 further reinforces the presence of a significant employment base for Credit Counselors in this area.
Salary Overview
The average Credit Counselors in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD earns+6.4%above the national average.
$28.3
$1,134
$4,913
Credit Counselors Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Credit Counselors in the Philadelphia-Camden-Wilmington area have experienced steady growth over the past four years, mirroring national trends. Economic shifts, evolving financial landscapes, and increased demand for financial guidance services typically drive upward salary adjustments for skilled professionals in this field.
Credit Counselors Salary Distribution in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Career progression for Credit Counselors in Philadelphia-Camden-Wilmington typically involves a salary scale that increases with experience. Entry-level positions might start closer to the lower percentiles of the salary range, while seasoned professionals with extensive expertise and a proven track record can command salaries in the upper percentiles. These percentile gaps are a clear indicator of the career advancement opportunities and earning potential available as one gains more experience.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $43,610 | $21 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $44,213 | $21.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $55,500 | $26.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $73,688 | $35.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $76,070 | $36.6 |
Detailed Credit Counselors Market Analysis
Relocation Context
Nominal Salary
$58,950
Gross Pay
Real Wage (Purchasing Power)
$58,950
Adjusted for COL (100)
Relocating to Philadelphia-Camden-Wilmington as a Credit Counselor presents a financially stable proposition, as the average salary of $58,950 aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of a Credit Counselor's salary in this region is equivalent to the national average, allowing for a comparable standard of living without significant financial adjustment.
Job Market Context
550
Total Jobs
0.192
Per 1K Jobs
1.05
Location Quotient
With a location quotient of 1.05, Philadelphia-Camden-Wilmington, PA-NJ-DE-MD has a slightly higher-than-average concentration of Credit Counselors roles compared to the national norm.
The Location Quotient of 1.05 for Credit Counselors in Philadelphia-Camden-Wilmington indicates a market where the profession is slightly more concentrated than the national average. This suggests a healthy and established demand for these services within the region, making it a competitive yet accessible market for both new entrants and experienced professionals seeking opportunities.
Nearby Job Markets
Nearby Cities for Credit Counselors
| City | Salary | Dist. |
|---|---|---|
| Allentown-Bethlehem-Easton, PA-NJ Credit Counselors Salary | $55,060↓ 7% | 47 mi |
Comparing salaries near Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Hiring Credit Counselorss?
Frequently Asked Questions
How much does a Credit Counselors make in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD?
The median annual salary for a Credit Counselors in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is $58,950. This typically ranges from $43,610 for entry-level positions to $76,070 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is 6.4% higher than the national median of $55,430.
Is Philadelphia-Camden-Wilmington, PA-NJ-DE-MD a lucrative place for Credit Counselors?
Yes, it offers a slightly above-average earning potential.Credit Counselors in this region earn an average of $58,950, which is higher than the national average. Coupled with a cost of living that matches the national average, this makes the area financially favorable for the profession.
Is Philadelphia-Camden-Wilmington, PA-NJ-DE-MD a good place to live for Credit Counselors?
The Cost of Living Index in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Philadelphia-Camden-Wilmington, PA-NJ-DE-MD?
Some top paying nearby cities include Allentown-Bethlehem-Easton, PA-NJ ($55,060) and others.
How does the Credit Counselor salary compare to the national average?
The average annual salary for Credit Counselors in Philadelphia-Camden-Wilmington is $58,950, which is approximately $3,520 higher than the national average of $55,430.
What is the concentration of Credit Counselors in this area?
The Location Quotient for Credit Counselors is 1.05, indicating that the profession is slightly more concentrated in Philadelphia-Camden-Wilmington than the national average.
Does the Cost of Living affect the value of a Credit Counselor's salary?
No, the Cost of Living Index is 100, which is the national average. This means the $58,950 salary has the same purchasing power in Philadelphia-Camden-Wilmington as the national average salary does nationally.
How many Credit Counselors work in the Philadelphia-Camden-Wilmington area?
There are approximately 550 Credit Counselors employed within the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 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 550 employees in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area with a job density of 0.192 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 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD