Credit Counselors Salary
Credit Counselors in Saginaw, MI make a median of $48,780 a year, or about $23.45 an hour. The range runs from $44K at the entry level to $88K for experienced workers. Cost of living is below average (RPP 90.89), which stretches that salary to about $53,669 in buying power. A 2-bedroom apartment runs $1,117/month, about 33.6% of take-home, which is tight.
Where the paycheck goes
What $49K actually covers in Saginaw, month by month
Groceries, utilities, transportation, and healthcare scaled from national averages by Saginaw’s Regional Price Parity (90.89). 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 counselors
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What this looks like in Saginaw
Credit counselors pay in Saginaw tracks closely to the national median, $49K locally vs. $52K nationwide, a 7% difference. Rent runs $1,117/month for a 2-bedroom (HUD FMR), taking 34.2% of the median take-home. That's within the 30% rule, though not by much. Regional Price Parity sits at 90.89 (national = 100), meaning everyday costs run about 9% cheaper here. Your dollar stretches further than the headline salary suggests. Pay and costs are both near average, leaving limited margin for savings at the median wage.
Compared to nearby metros
Median pay for credit counselors in metros near Saginaw, adjusted for local cost of living.
| Metro | Median pay | COL-adjusted |
|---|---|---|
| Kalamazoo-Portage | $47K | $49K |
| Detroit-Warren-Dearborn | $53K | $53K |
| Ann Arbor | $60K | $59K |
| Grand Rapids-Wyoming-Kentwood | $50K | $52K |
COL-adjusted = median salary ÷ (BEA Regional Price Parity ÷ 100). Expresses purchasing power in national-average dollars.
Compensation breakdown
Annual earnings by percentile, Saginaw, MI
Entry-level credit counselors (10th percentile) start around $44K. Mid-career wages sit at $49K. Top earners bring in $88K or more, a $45K spread from bottom to top.
Credit Counselors pay across states
Median income ranked highest to lowest, compared to the national figure
View Credit Counselors salary in all states
| State | Median salary | vs. national | Employment |
|---|---|---|---|
| California | $67K | +29% | 2,160 |
| Georgia | $64K | +23% | 460 |
| District of Columbia | $64K | +22% | 110 |
| Massachusetts | $63K | +21% | 770 |
| New York | $63K | +21% | 2,020 |
| Nebraska | $63K | +20% | 260 |
| Washington | $62K | +19% | 560 |
| Minnesota | $62K | +19% | 580 |
| Maryland | $60K | +16% | 350 |
| Oregon | $59K | +13% | 280 |
| New Hampshire | $59K | +13% | 170 |
| Rhode Island | $58K | +12% | 130 |
| Pennsylvania | $58K | +12% | 1,110 |
| New Jersey | $57K | +9% | 530 |
| Colorado | $57K | +9% | 360 |
| Maine | $55K | +6% | 170 |
| Nevada | $55K | +6% | 170 |
| Connecticut | $55K | +5% | 100 |
| South Carolina | $53K | +2% | 250 |
| Delaware | $53K | +1% | 40 |
| North Dakota | $52K | -0% | 30 |
| Michigan | $52K | -0% | 1,260 |
| Wisconsin | $52K | -0% | 770 |
| Illinois | $52K | -1% | 1,170 |
| Virginia | $52K | -1% | 760 |
| Arizona | $51K | -1% | 980 |
| Utah | $51K | -2% | 190 |
| Ohio | $51K | -2% | 890 |
| Idaho | $51K | -2% | 90 |
| New Mexico | $50K | -4% | 200 |
| South Dakota | $49K | -6% | N/A |
| Texas | $48K | -8% | 3,950 |
| Indiana | $48K | -8% | 740 |
| Kentucky | $48K | -8% | 220 |
| Iowa | $48K | -8% | 440 |
| Alabama | $48K | -8% | N/A |
| Louisiana | $47K | -10% | 130 |
| Oklahoma | $47K | -10% | 230 |
| Florida | $46K | -11% | 2,410 |
| North Carolina | $46K | -12% | 320 |
| Mississippi | $46K | -12% | 210 |
| West Virginia | $46K | -12% | 150 |
| Arkansas | $45K | -14% | 50 |
| Wyoming | $43K | -18% | 40 |
| Tennessee | $39K | -26% | 950 |
| Missouri | $31K | -41% | N/A |
Showing 1–10 of 46 states with published data
BLS does not publish data for every state when sample sizes are too small
Track credit counselors salary changes
BLS updates this data annually. We'll email you when Saginaw numbers change.
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Quick answers
The stuff people actually ask about this job
Can a credit counselor afford a 2BR apartment alone in Saginaw?
It’s a stretch — at the median salary of $49K, rent takes 34.2% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,117/month. The 30% guideline puts the comfortable ceiling at roughly $1,000/month in rent — so roommates or a 1-bedroom would ease the math significantly.
What’s the entry-level salary for credit counselors in Saginaw?
The 10th-percentile wage — what new credit counselors typically earn — is $44K/year. Take-home on that works out to about $2,928/month. At HUD’s $1,117/month FMR, rent would take 38% of that take-home — above the 30% guideline, so a 1-bedroom or shared housing is likely necessary starting out.
Is credit counselor a high-paying job in Saginaw?
Pay here is roughly in line with the national average — $49K locally vs. $52K nationally, a 7% difference.
How does Saginaw compare to the national average for credit counselors?
Saginaw pays $49K median vs. the U.S. average of $52K — that’s -7%. After adjusting for local cost of living (RPP 90.89), the purchasing-power equivalent is $54K — still ahead of the national median.
How much do credit counselors make in Saginaw, MI?
The median is $48,780 a year, that works out to about $23 an hour. But the range is wide: entry-level workers start around $43,500, and experienced credit counselors can clear $88,470. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $49K enough to live in Saginaw?
On that salary, you'd take home roughly $3,263/month after taxes. A 2-bedroom here rents for about $1,117/month, which eats 34.2% 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 counselors salary go in Saginaw?
Saginaw has a Regional Price Parity of 90.89 (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 counselors salary is worth about $53,669 in national-average purchasing power.
Where do credit counselors 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.