Credit Analysts Salary
Credit Analysts in Chicago-Naperville-Elgin, IL-IN make a median of $92,900 a year, or about $44.67 an hour. The range runs from $61K at the entry level to $172K for experienced workers. Adjusted for local prices (RPP 103.59), that's roughly $89,680 in purchasing power. A 2-bedroom apartment runs $1,781/month, about 30.3% of take-home, which is tight.
So what does $93K get you in Chicago-Naperville-Elgin?
Groceries, utilities, transportation, and healthcare scaled from national averages by Chicago-Naperville-Elgin’s Regional Price Parity (103.59). Rent from HUD Fair Market Rents. Taxes estimated for single filer, standard deduction. * Healthcare is the employee-paid share only (premiums + out-of-pocket). Actual costs vary by coverage type: employer-sponsored, ACA marketplace, or uninsured.
About credit analysts
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What this looks like in Chicago-Naperville-Elgin
Chicago-Naperville-Elgin sits well above the national pay line for credit analysts, local pay runs about 11% higher than the U.S. median of $84K. Rent runs $1,781/month for a 2-bedroom (HUD FMR), taking 30.9% of the median take-home. That's within the 30% rule, though not by much. Cost of living (RPP 103.59) is near the national average, so spending patterns here track the typical American budget fairly closely. Use the affordability calculator above to model your specific situation.
Compared to nearby metros
Median pay for credit analysts in metros near Chicago-Naperville-Elgin, adjusted for local cost of living.
| Metro | Median pay | COL-adjusted |
|---|---|---|
| Champaign-Urbana | $79K | $85K |
| Springfield | $74K | $80K |
| Peoria | $67K | $73K |
| St. Louis | $74K | $78K |
COL-adjusted = median salary ÷ (BEA Regional Price Parity ÷ 100). Expresses purchasing power in national-average dollars.
Compensation breakdown
Annual earnings by percentile, Chicago-Naperville-Elgin, IL-IN
Entry-level credit analysts (10th percentile) start around $61K. Mid-career wages sit at $93K. Top earners bring in $172K or more, a $111K spread from bottom to top.
Credit Analysts pay across states
Median income ranked highest to lowest, compared to the national figure
View Credit Analysts salary in all states
| State | Median salary | vs. national | Employment |
|---|---|---|---|
| New York | $133K | +60% | 7,960 |
| District of Columbia | $133K | +59% | 50 |
| Virginia | $102K | +23% | 2,460 |
| New Jersey | $101K | +21% | 1,220 |
| Hawaii | $99K | +18% | 130 |
| Connecticut | $98K | +18% | 560 |
| California | $98K | +17% | 5,260 |
| Massachusetts | $97K | +16% | 1,400 |
| Delaware | $95K | +13% | 720 |
| North Carolina | $95K | +13% | 3,270 |
| Washington | $91K | +9% | 1,280 |
| Rhode Island | $86K | +3% | 160 |
| Illinois | $85K | +2% | 3,130 |
| Minnesota | $83K | -1% | 1,110 |
| Maine | $82K | -2% | 280 |
| Alaska | $81K | -3% | 40 |
| Colorado | $81K | -3% | 870 |
| Oregon | $80K | -4% | 650 |
| Pennsylvania | $80K | -4% | 1,930 |
| Alabama | $80K | -4% | 370 |
| Nebraska | $80K | -5% | 510 |
| Ohio | $80K | -5% | 2,790 |
| Idaho | $80K | -5% | 330 |
| Kentucky | $79K | -5% | 370 |
| Texas | $79K | -6% | 6,130 |
| Florida | $78K | -6% | 4,040 |
| Georgia | $78K | -7% | 1,790 |
| New Hampshire | $78K | -7% | 230 |
| South Carolina | $78K | -7% | 690 |
| Arizona | $77K | -8% | 2,260 |
| Iowa | $77K | -8% | 480 |
| Maryland | $75K | -10% | 700 |
| Oklahoma | $75K | -10% | 550 |
| Mississippi | $75K | -10% | 280 |
| North Dakota | $75K | -10% | 300 |
| Montana | $75K | -11% | 190 |
| Michigan | $75K | -11% | 1,510 |
| Utah | $74K | -11% | 750 |
| Louisiana | $73K | -12% | 290 |
| Kansas | $73K | -12% | 520 |
| Nevada | $73K | -12% | 390 |
| South Dakota | $73K | -13% | 430 |
| Tennessee | $73K | -13% | 1,480 |
| New Mexico | $72K | -14% | 90 |
| Arkansas | $71K | -15% | 300 |
| Vermont | $71K | -15% | 90 |
| Wisconsin | $69K | -18% | 1,770 |
| Missouri | $65K | -22% | 1,160 |
| Indiana | $63K | -25% | 860 |
| Wyoming | $62K | -26% | 40 |
| West Virginia | $57K | -31% | 220 |
Showing 1–10 of 51 (all 50 states + DC)
Track credit analysts salary changes
BLS updates this data quarterly. We'll email you when Chicago-Naperville-Elgin numbers change.
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Frequently asked questions
Can a credit analyst afford a 2BR apartment alone in Chicago-Naperville-Elgin?
It’s a stretch — at the median salary of $93K, rent takes 30.9% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,781/month. The 30% guideline puts the comfortable ceiling at roughly $1,700/month in rent — so roommates or a 1-bedroom would ease the math significantly.
What’s the entry-level salary for credit analysts in Chicago-Naperville-Elgin?
The 10th-percentile wage — what new credit analysts typically earn — is $61K/year. Take-home on that works out to about $3,671/month. At HUD’s $1,781/month FMR, rent would take 49% of that take-home — above the 30% guideline, so a 1-bedroom or shared housing is likely necessary starting out.
Is credit analyst a high-paying job in Chicago-Naperville-Elgin?
Local pay is 11% above the national median — $93K here vs. $84K nationally.
How does Chicago-Naperville-Elgin compare to the national average for credit analysts?
Chicago-Naperville-Elgin pays $93K median vs. the U.S. average of $84K — that’s +11%. After adjusting for local cost of living (RPP 103.59), the purchasing-power equivalent is $90K — still ahead of the national median.
How much do credit analysts make in Chicago-Naperville-Elgin, IL-IN?
The median is $92,900 a year, that works out to about $45 an hour. But the range is wide: entry-level workers start around $61,190, and experienced credit analysts can clear $172,180. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $93K enough to live in Chicago-Naperville-Elgin?
On that salary, you'd take home roughly $5,762/month after taxes. A 2-bedroom here rents for about $1,781/month, which eats 30.9% of your paycheck. That's above the 30% rule of thumb, housing will be a stretch at the median salary, though you can manage with roommates or a smaller place.
How far does a credit analysts salary go in Chicago-Naperville-Elgin?
Chicago-Naperville-Elgin has a Regional Price Parity of 103.59 (100 is the national average). Prices are above average here, so your dollar buys less than the same salary would in a cheaper metro. After cost-of-living adjustment, the median credit analysts salary is worth about $89,680 in national-average purchasing power.
Where do credit analysts get paid the most?
The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.