Average Credit Counselors Salary in U.S.
Credit Counselors in the U.S. earn an average annual salary of $55,430, precisely matching the national average. This alignment suggests that local market dynamics, such as demand and the cost of living, are in equilibrium with broader economic trends across the country. Factors influencing this pay scale are likely balanced, reflecting a stable employment landscape for this profession.
Executive Summary
- Average Salary: $55,430 per year.
- Growth Trend: Salaries have shifted 6.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $77,080.
- Outlook: With a substantial local workforce of 20,370 Credit Counselors, the U.S. presents a significant employment base for this role. While a specific Location Quotient is not provided, the sheer size of the workforce indicates a robust and established market for credit counseling services. This suggests consistent demand and a healthy number of opportunities for professionals in this field.
Salary Overview
The average Credit Counselors in U.S. earns-0.0%below the national average.
$26.7
$1,066
$4,619
Credit Counselors Salary Trends (2020-2024)
While specific historical data for Credit Counselor salary growth in the U.S. is not detailed here, it is generally expected that salaries for this profession have seen a steady upward trend over the past four years. This growth is typically driven by inflation, increasing demand for financial guidance, and the evolving complexity of financial regulations, all contributing to a more valuable skill set.
Credit Counselors Salary Distribution in U.S.
Career progression for Credit Counselors typically involves a salary increase tied to experience and specialization. Entry-level positions may start at a lower percentile, while senior counselors with extensive experience and a proven track record can command salaries in the higher percentiles. These percentile gaps clearly signify the career ladder and the financial rewards associated with accumulating expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,890 | $18.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $41,573 | $20 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $49,930 | $24 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $69,288 | $33.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $77,080 | $37.1 |
Detailed Credit Counselors Market Analysis
Relocation Context
Nominal Salary
$55,430
Gross Pay
Real Wage (Purchasing Power)
$55,430
Adjusted for COL (100)
The average annual salary of $55,430 in the U.S. is perfectly balanced by a Cost of Living Index of 100, which represents the national average. This means that the purchasing power of a Credit Counselor's salary in this location is equivalent to the national average. Consequently, relocating to the U.S. for this role does not present a significant financial advantage or disadvantage in terms of day-to-day expenses.
Job Market Context
20,370
Total Jobs
N/A
Per 1K Jobs
N/A
Location Quotient
The absence of a specific Location Quotient (LQ) for Credit Counselors in the U.S. makes it challenging to definitively assess market competitiveness or abundance relative to the national average. However, the presence of a large workforce (20,370) suggests a well-established market. Without a comparative LQ, it's difficult to determine if the concentration of these jobs is higher or lower than the national norm, implying a potentially average level of market saturation.
Nearby Job Markets
Nearby Cities for Credit Counselors
| City | Salary | Dist. |
|---|---|---|
| Tulsa, OK Credit Counselors Salary | $51,510↓ 7% | 67 mi |
Comparing salaries near U.S.
Hiring Credit Counselorss?
Frequently Asked Questions
How much does a Credit Counselors make in U.S.?
The median annual salary for a Credit Counselors in U.S. is $55,430. This typically ranges from $38,890 for entry-level positions to $77,080 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in U.S. is 0.0% lower than the national median of $55,430.
Is U.S. a lucrative place for Credit Counselors?
Yes, the U.S. offers a stable earning potential for Credit Counselors.The average salary of $55,430 aligns perfectly with the national average, and the cost of living is also at the national average, indicating stable financial conditions for professionals in this role.
Is U.S. a good place to live for Credit Counselors?
The Cost of Living Index in U.S. is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near U.S.?
Some top paying nearby cities include Tulsa, OK ($51,510) and others.
What is the average salary for a Credit Counselor in the U.S.?
The average annual salary for a Credit Counselor in the U.S. is $55,430, which is exactly the national average.
How does the cost of living in the U.S. compare to the national average for Credit Counselors?
The cost of living in the U.S. is 100, which is precisely the national average. This means your salary will have the same purchasing power as it would in an average U.S. location.
How large is the Credit Counselor workforce in the U.S.?
The total local workforce for Credit Counselors in the U.S. is 20,370, indicating a significant presence of this profession in the area.
Does experience impact a Credit Counselor's salary in the U.S.?
Yes, like most professions, experience significantly impacts a Credit Counselor's salary. Entry-level positions typically earn less, while senior counselors with extensive experience and specialized skills can command higher salaries, reflecting progression through different pay percentiles.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 20,370 employees in the U.S. area with a job density of per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Credit Counselors Salaries by State
Top Jobs in U.S.
- All Occupations Salary in U.S.
- Office and Administrative Support Occupations Salary in U.S.
- Sales and Related Occupations Salary in U.S.
- Food Preparation and Serving Related Occupations Salary in U.S.
- Transportation and Material Moving Occupations Salary in U.S.
- Management Occupations Salary in U.S.
- Business and Financial Operations Occupations Salary in U.S.
- Production Occupations Salary in U.S.
- Healthcare Practitioners and Technical Occupations Salary in U.S.
- Material Moving Workers Salary in U.S.
- Browse All Jobs in U.S. →
Semantic Salary Analysis for Credit Counselors • Data source: BLS OEWS 2024 •Jobs in U.S.