Evaluate creditworthiness of individuals and businesses applying for loans. Median salary in Richmond: $71K/year. Data from BLS, O*NET, and H-1B disclosures.
Figures represent annual base salary in Richmond, Virginia. Reviewed by SalaryOptics Editorial · How we calculate this →
Analysis derived from the salary, COL, tax, and labor-market figures above — specific to this role and city.
Adjusted for Richmond's cost-of-living index (98), the median Credit Analyst salary buys the equivalent of $72,449 in a US-average-cost city. That's $2,449 more purchasing power than the national median — a meaningful real-wage advantage.
Average 1-bedroom rent in Richmond ($1,350/mo) consumes approximately 35% of an after-tax median Credit Analyst salary. Financial planners typically recommend keeping housing under 30% of take-home — a salary at the 75th percentile ($94K) brings that ratio into a more comfortable range here.
Based on BLS 2022–2032 Employment Projections and WEF Future of Jobs Report 2026. At current growth rates, median salary reaches $71K by 2030.
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The median Credit Analyst salary in Richmond, VA is $71,000 per year as of Q1 2026. This figure represents the midpoint of all reported compensation for this role in the Richmond–VA metropolitan area, based on data from the Bureau of Labor Statistics Occupational Employment Statistics, H-1B visa disclosures from the Department of Labor, and O*NET occupational data.
Entry-level Credit Analysts in Richmond with 0–2 years of experience typically earn between $53,000 and $71,000 annually. Mid-career professionals with 3–7 years command $71,000 to $94,000, while senior-level practitioners with 8+ years of experience regularly earn $94,000 to $122,000 or more.
Richmond has a cost of living index of 98 compared to the US national average of 100. This means your salary goes approximately 2% further in Richmond than the national average. Virginia has a 5.75% state income tax rate.
Bachelor's in Finance or Accounting. 42% of these roles offer some remote flexibility.