Head of Credit Salary in Michigan Comparison by Location
Nationwide
United States
$174,685
Michigan
United States
$172,414
How much does a Head of Credit earn in Michigan
As of March 01, 2025, a Head of Credit in Michigan earns
an average salary of $172,414 per year.
A Head of Credit's salary in Michigan can be paid hourly,
weekly or monthly depending on the company and job type.
Most part-time jobs will be paid hourly or weekly.
Using the salary calculator,
the average pay comes out to be about $83 an hour
or $3,316/week
or $14,368/month.
The average salary of a Head of Credit ranges
from $143,073 to $208,355.
The average salary range for a Head of Credit varies widely,
which indicates that there are many opportunities for advancement, promotions, and salary increases.
These opportunities depend on many factors, including skills, education, certifications, location, and years of experience.
Michigan is ranked 23th out of 51 states nationwide for Head of Credit salaries.
Salary.com helps you determine your exact pay target by estimating the most accurate annual salary range for Head of Credit jobs,
with more online, real-time compensation data than any other website.
What is the Average Head of Credit Salary by City in Michigan?
Below is a list of the average salaries for a Head of Credit in 10 cities in Michigan.
We've identified 167 cities where the typical salary for
a Head of Credit job is above the average in Michigan.
The top-paid city for Head of Credit is Saline
and the average salary for a Head of Credit job is earned $179,227
which is higher than the average in Michigan.
This is followed by Ypsilanti and Ann Arbor in second and third places,
which beat the average in Michigan
by $6,813(3.95%)
and $6,813(3.95%) respectively. In fourth place is Dexter with a salary of $179,227,
which is higher than the Michigan average salary. Salem and Whitmore Lake continue the rankings.
Based on the summary of average salaries paid by cities in Michigan,
the Head of Credit job market in Saline is relatively active
with a higher salary paid to compare to other cities in Michigan.
Finally, Head of Credit jobs pay differently by city, even if they are in Michigan.
The cost of living might be a key factor when considering the location and salary of a Head of Credit position.
CITY
Annual Salary
Monthly Pay
Weekly Pay
Hourly Wage
Saline
$179,227
$14,936
$3,447
$86
Ypsilanti
$179,227
$14,936
$3,447
$86
Ann Arbor
$179,227
$14,936
$3,447
$86
Dexter
$179,227
$14,936
$3,447
$86
Salem
$179,052
$14,921
$3,443
$86
Whitmore Lake
$179,052
$14,921
$3,443
$86
Whittaker
$179,052
$14,921
$3,443
$86
Willis
$179,052
$14,921
$3,443
$86
Bridgewater
$179,052
$14,921
$3,443
$86
Milan
$178,878
$14,906
$3,440
$86
What Similar Jobs are Paid to Head of Credit in Michigan?
There are 11 jobs that we find are related to the Head of Credit job category,these similar jobs include Head Of Credit Risk,Credit Manager,Credit Analysis Manager,Letter of Credit Officer,Credit Risk Manager,Vice President of Credit,Senior Credit Officer,Credit Documentation Specialist,Credit Card Operations Supervisor,Credit Card Operations Manager,and Head of Treasury.
All of these 11 jobs are paid
between $53,376 to $310,900,
and the Head of Treasury gets the highest paid with $310,900 from them.
Those similar job salaries are paid differently by many factors such as company size, department base, responsibility, and others.
If you're qualified to be hired for one of these similar jobs to the Head of Credit,
you could refer to the below list of job salaries based on market prices in Michigan.