Credit Analysts Salary
Credit Analysts in Springfield, MA make a median of $74,470 a year, or about $35.8 an hour. The range runs from $53K at the entry level to $110K for experienced workers. Adjusted for local prices (RPP 96.06), that's roughly $77,524 in purchasing power. A 2-bedroom apartment runs $1,734/month, about 35.4% of take-home, which is tight.
So what does $74K get you in Springfield?
Groceries, utilities, transportation, and healthcare scaled from national averages by Springfield’s Regional Price Parity (96.06). 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 Springfield
Pay for credit analysts in Springfield runs about 11% below the U.S. median of $84K. The catch: housing math doesn't keep up. A 2-bedroom at the HUD median rents for $1,734/month, which is 36.5% of the median worker's take-home, past the 30% guideline most planners use. Cost of living (RPP 96.06) is near the national average, so spending patterns here track the typical American budget fairly closely. That combination, below-market pay with high housing costs, makes this a financially demanding market for credit analystss.
Compared to nearby metros
Median pay for credit analysts in metros near Springfield, adjusted for local cost of living.
| Metro | Median pay | COL-adjusted |
|---|---|---|
| Boston-Cambridge-Newton | $102K | $94K |
| Worcester | $76K | $74K |
| New York-Newark-Jersey City | $137K | $121K |
| Buffalo-Cheektowaga | $100K | $104K |
COL-adjusted = median salary ÷ (BEA Regional Price Parity ÷ 100). Expresses purchasing power in national-average dollars.
Compensation breakdown
Annual earnings by percentile, Springfield, MA
Entry-level credit analysts (10th percentile) start around $53K. Mid-career wages sit at $74K. Top earners bring in $110K or more, a $57K 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
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Frequently asked questions
Can a credit analyst afford a 2BR apartment alone in Springfield?
It’s a stretch — at the median salary of $74K, rent takes 36.5% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,734/month. The 30% guideline puts the comfortable ceiling at roughly $1,400/month in rent — so roommates or a 1-bedroom would ease the math significantly.
What’s the entry-level salary for credit analysts in Springfield?
The 10th-percentile wage — what new credit analysts typically earn — is $53K/year. Take-home on that works out to about $3,187/month. At HUD’s $1,734/month FMR, rent would take 54% 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 Springfield?
Local pay runs 11% below the national median — $74K here vs. $84K nationally.
How does Springfield compare to the national average for credit analysts?
Springfield pays $74K median vs. the U.S. average of $84K — that’s -11%. After adjusting for local cost of living (RPP 96.06), the purchasing-power equivalent is $78K — below the national median.
How much do credit analysts make in Springfield, MA?
The median is $74,470 a year, that works out to about $36 an hour. But the range is wide: entry-level workers start around $53,110, and experienced credit analysts can clear $110,490. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $74K enough to live in Springfield?
On that salary, you'd take home roughly $4,754/month after taxes. A 2-bedroom here rents for about $1,734/month, which eats 36.5% 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 Springfield?
Springfield has a Regional Price Parity of 96.06 (100 is the national average). That's below average, your money stretches further here than the raw salary number suggests. After cost-of-living adjustment, the median credit analysts salary is worth about $77,524 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.