Average Credit Counselors Salary in Texas
Credit Counselors in Texas earn an average annual salary of $48,370, which is notably below the national average of $55,430. This disparity can be attributed to a combination of factors including regional economic conditions, the specific demand for financial advisory services within the state, and the overall cost of living. Understanding these local dynamics is crucial for assessing compensation in this role.
Executive Summary
- Average Salary: $48,370 per year.
- Growth Trend: Salaries have shifted 14.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $61,140.
- Outlook: With a local workforce of 3,530 Credit Counselors, Texas demonstrates a significant presence in this field. The Location Quotient of 1.4 indicates that this profession is more concentrated in Texas than the national average, suggesting a robust demand and a potentially stable job market for skilled individuals. The rate of 0.255 jobs per 1,000 workers further underscores the availability of opportunities within the state.
Salary Overview
The average Credit Counselors in Texas earns-12.7%below the national average.
$23.3
$930
$4,031
Credit Counselors Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Credit Counselors in Texas have experienced a gradual upward trend over the past four years, mirroring national economic recovery and increased demand for financial guidance. Factors such as inflation, evolving financial regulations, and a growing need for debt management services likely contribute to this positive salary trajectory.
Credit Counselors Salary Distribution in Texas
Career progression for Credit Counselors typically involves a salary increase with accumulated experience. Entry-level positions might start closer to the lower end of the pay scale, while senior counselors with extensive expertise and a proven track record can command significantly higher salaries. The percentile gaps in earnings clearly signify the career advancement opportunities and the financial rewards associated with specialization and seniority in this profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $36,180 | $17.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $36,278 | $17.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $46,910 | $22.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $60,463 | $29.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $61,140 | $29.4 |
Detailed Credit Counselors Market Analysis
Relocation Context
Nominal Salary
$48,370
Gross Pay
Real Wage (Purchasing Power)
$52,011
Adjusted for COL (93)
The average annual salary of $48,370 in Texas for Credit Counselors should be evaluated against the state's Cost of Living Index of 93. Since this index is below the national average of 100, the nominal salary offers a relatively better purchasing power locally compared to higher cost-of-living areas. This means that while the absolute salary is lower than the national average, the cost of essential goods and services in Texas is also more affordable, potentially balancing out the difference.
Job Market Context
3,530
Total Jobs
0.255
Per 1K Jobs
1.4
Location Quotient
With a location quotient of 1.40, Texas has a slightly higher-than-average concentration of Credit Counselors roles compared to the national norm.
A Location Quotient of 1.4 for Credit Counselors in Texas signifies a higher concentration of these professionals compared to the national average. This suggests that the job market in Texas is more specialized or has a greater demand for this role relative to its overall workforce size. While this indicates a potentially competitive environment due to a larger pool of talent, it also points to a well-established industry presence and a consistent need for experienced Credit Counselors.
Nearby Job Markets
Nearby Cities for Credit Counselors
| City | Salary | Dist. |
|---|---|---|
| Austin-Round Rock-San Marcos, TX Credit Counselors Salary | $53,130↑ 10% | 53 mi |
| College Station-Bryan, TX Credit Counselors Salary | $46,410↓ 4% | 82 mi |
Comparing salaries near Texas
Hiring Credit Counselorss?
Frequently Asked Questions
How much does a Credit Counselors make in Texas?
The median annual salary for a Credit Counselors in Texas is $48,370. This typically ranges from $36,180 for entry-level positions to $61,140 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Texas is 12.7% lower than the national median of $55,430.
Is Texas a lucrative place for Credit Counselors?
No, not when compared to the national average.While Texas has a strong concentration of Credit Counselors, the average salary of $48,370 is below the national average of $55,430. However, the lower cost of living in Texas may partially offset this difference in earning potential.
Is Texas a good place to live for Credit Counselors?
With a Cost of Living Index of 93 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near Texas?
Some top paying nearby cities include Austin-Round Rock-San Marcos, TX ($53,130) and College Station-Bryan, TX.
How does the Texas salary compare to the national average?
The average annual salary for Credit Counselors in Texas is $48,370, which is approximately $7,060 less than the national average of $55,430.
Is the job market for Credit Counselors strong in Texas?
Yes, the market appears robust with a significant local workforce and a Location Quotient of 1.4, indicating a higher concentration of these roles than the national average.
How does the cost of living affect the Credit Counselor salary in Texas?
Texas has a Cost of Living Index of 93, which is below the national average. This means that the $48,370 salary can provide a comparable or even better standard of living than a higher salary in a more expensive state.
What is the concentration of Credit Counselors in Texas?
Texas has a Location Quotient of 1.4 for Credit Counselors, meaning the profession is 40% more concentrated in Texas than the national average, suggesting a higher prevalence of these jobs.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,530 employees in the Texas area with a job density of 0.255 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 Texas