How to Become a Credit Counselors in Minnesota
Credit Counselors in Minnesota earn a median salary of $58,640/year, which is 16% above the national average. Minnesota has a state income tax of ~4.4%. After taxes and rent, a credit counselors takes home approximately $2,471/month. Most positions require Bachelor's degree.
What a credit counselors can afford in Minnesota
Becoming a credit counselors in Minnesota
Meet education requirements
Credit Counselors positions in Minnesota typically require Bachelor's degree. Programs are available at colleges and training institutions across Minnesota. Research accredited programs in your area.
Gain required experience
Many credit counselors positions in Minnesota require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain Minnesota licensure or certification
Minnesota may require specific licensing or professional certification for credit counselorss. Requirements vary by state — contact the Minnesota Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in Minnesota
Minnesota employs 590 credit counselors. The highest concentrations are in Minneapolis-St. Paul-Bloomington and Duluth.
Credit Counselors salary by metro area in Minnesota
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| Minneapolis-St. Paul-Bloomington | $56K | $26.69/hr | 370 |
| Duluth | $52K | $25.18/hr | 40 |
Credit Counselors salary range in Minnesota
Credit Counselors careers in other states
Frequently asked questions
How much does a credit counselors make in Minnesota?▼
The median credit counselors salary in Minnesota is $58,640 per year ($28.19/hr). This is 16% above the national median of $50,480. Salaries range from $45,850 to $69,040.
What are the requirements to become a credit counselors in Minnesota?▼
Credit Counselors positions in Minnesota typically require Bachelor's degree. Minnesota may have specific licensing or certification requirements. Check with the Minnesota licensing board or department of labor for current requirements.
Can a credit counselors afford to live in Minnesota?▼
At the median salary of $58,640, a credit counselors in Minnesota would take home approximately $3,883/month after taxes. With median 2-bedroom rent at $1,412/month, that's 36.4% of take-home pay going to housing. This exceeds the recommended 30% guideline.
What are the best cities for credit counselors in Minnesota?▼
The highest paying metro areas for credit counselors in Minnesota are Minneapolis-St. Paul-Bloomington ($55,510), Duluth ($52,380). However, cost of living varies significantly between metros — a higher salary may not mean more purchasing power.
Does Minnesota have state income tax for credit counselors?▼
Yes, Minnesota has a state income tax rate of approximately 4.4%. On a $58,640 salary, this means roughly $2,560/year in state income tax. Use our take-home pay calculator for a detailed breakdown.