Credit Analyst Salary in Chicago, IL
Credit Analysts in the Chicago-Naperville-Elgin, IL-IN metro area earn a median $92,900 a year — 11% more than the national median. After 2026 taxes, that is $69,731 take-home, or $5,811 a month.
Take-home pay calculator
Pre-filled with the median credit analyst salary in Chicago, IL. Enter your own offer to see your paycheck.
- Federal income tax$11,608
- Social Security (6.2%)$5,760
- Medicare (1.45%)$1,347
- Illinois income tax$4,454
- Take-home pay$69,731
Marginal rate: 22% federal + 4.95% state
The Chicago-Naperville-Elgin, IL-IN metro spans Illinois, Indiana. Pick the state you live in — state income tax follows your residence.
Got an offer somewhere else? Compare it with this one after taxes and rent →
Credit Analyst pay by experience in Chicago, IL
| Percentile | Salary | Hourly | Take-home / yr | Per month |
|---|---|---|---|---|
| 10th percentile (entry level) | $61,190 | $29.42 | $48,462 | $4,039 |
| 25th percentile | $68,050 | $32.72 | $53,479 | $4,457 |
| Median (50th) | $92,900 | $44.66 | $69,731 | $5,811 |
| 75th percentile | $131,000 | $62.98 | $94,465 | $7,872 |
| 90th percentile (top earners) | $172,180 | $82.78 | $120,573 | $10,048 |
Wages: BLS Occupational Employment and Wage Statistics, May 2025. Take-home: single filer, Illinois resident, 2026 tax rules.
What $92,900 buys in Chicago, IL
Prices in Chicago, IL are 3.6% higher than the U.S. average (housing costs are 1.12× the national average). Adjusted for local prices, a median credit analyst's $69,731 take-home pay has the buying power of $67,312 in a typical American city.
Rents: HUD Fair Market Rents, FY2026 (40th-percentile gross rent incl. utilities). Price levels: BEA Regional Price Parities, 2024.
Chicago, IL has 1.4× the national concentration of credit analyst jobs — a strong local market for this occupation.
Best-paying cities for credit analysts, adjusted for cost of living
Chicago, IL ranks #2 of 3 metro areas once taxes and local prices are taken into account.
| # | Metro area | Median salary | Take-home | Real value* |
|---|---|---|---|---|
| 1 | New York, NY | $136,500 | $97,551 | $86,663 |
| 2 | Chicago, IL | $92,900 | $69,731 | $67,312 |
| 3 | Dallas, TX | $80,530 | $65,483 | $63,520 |
*Take-home pay divided by the BEA price level, so every city is measured in U.S.-average dollars. See all 3 metros →
About the job: credit analysts
Analyze credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with credit information for use in decisionmaking.
- Typical education
- Bachelor's degree
- Work experience
- None required
- On-the-job training
- None
- Job outlook, 2025–35
- -4.3% (declining)
Source: BLS Standard Occupational Classification and Employment Projections, 2025–35.
Frequently asked questions
How much does a credit analyst make in Chicago, IL?
The median credit analyst salary in the Chicago-Naperville-Elgin, IL-IN metro area is $92,900 a year, or about $44.66 an hour, according to the Bureau of Labor Statistics (May 2025). The middle half earn between $68,050 and $131,000.
What is a credit analyst’s take-home pay in Chicago, IL?
On the median $92,900 salary, a single filer living in Illinois takes home about $69,731 a year ($5,811 a month) after federal tax, Social Security, Medicare and $4,454 in Illinois taxes in 2026.
Is Chicago, IL a good place to work as a credit analyst?
Pay here is 11% above the national median of $83,510. Local prices are 3.6% above the U.S. average, so the take-home pay buys what $67,312 would in a typical U.S. city. Chicago, IL ranks #2 of 3 metro areas for cost-of-living-adjusted pay in this job.
Can a credit analyst afford rent in Chicago, IL?
HUD’s fair market rent for a one-bedroom in Chicago, IL is $1,534 a month ($1,743 for two bedrooms) — 26% of a median credit analyst’s monthly take-home pay. Financial planners usually suggest keeping rent under about 30%.
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