What Credit Analysts earn in Essex County, NJ
If you are weighing a move or a job offer, start with $136,500: the median annual pay for Credit Analysts in Essex County, NJ. Spread over a standard 2,080-hour work year, that is $65.62 an hour. Because the wage survey covers the whole New York-Newark-Jersey City, NY-NJ metropolitan area, the number reflects employers across the region rather than a single town or a single company.
The mean wage is $153,870, which is 12.7% above the median, a sign that a group of high earners lifts the average. The survey counts about 7,530 people working in this occupation across the New York-Newark-Jersey City, NY-NJ metropolitan area, so the estimate rests on a substantial pool of workers. Essex County, NJ has roughly 863,002 residents, according to the population figures used by the rent data.
The salary range, from entry level to top earners
Pay for Credit Analysts in the New York-Newark-Jersey City, NY-NJ metropolitan area is not one number. The lowest-paid tenth of workers earn up to $80,850 a year ($38.87 an hour), while the highest-paid tenth earn $258,320 or more ($124.19 an hour). That is a gap of $177,470 between the bottom and the top of the scale. The middle half of workers falls between $102,550 at the 25th percentile and $205,570 at the 75th percentile. A top-tier earner makes 3.2 times what someone at the bottom makes, so experience, certification and employer all matter.
What the hourly rate looks like
Employers quote this occupation by the hour or by the year, so here are both: $65.62 an hour or $136,500 a year at the median for Essex County, NJ. Before any deductions, that is $11,375 a month, $5,250 every two weeks and $2,625 each week. After taxes the same job pays $46.98 per hour of take-home income, which is the number that actually has to cover rent and groceries.
About this occupation: Credit Analysts
The U.S. Department of Labor's O*NET database describes the work of Credit Analysts this way: "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."
Core tasks recorded by O*NET include: "Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money"; "Prepare reports that include the degree of risk involved in extending credit or lending money"; "Complete loan applications, including credit analyses and summaries of loan requests, and submit to loan committees for approval"; "Generate financial ratios, using computer programs, to evaluate customers' financial status".
Job outlook for Credit Analysts
The Bureau of Labor Statistics projects national employment in this occupation to shrink from 64,700 jobs in 2025 to 61,900 in 2035, a change of -4.3%, slower than the 3.5% projected for all occupations. The projection counts 3,100 openings a year on average, including positions created by growth and positions left by workers who retire or move to another occupation; that equals 4.8% of current employment each year.
Typical entry-level education: bachelor's degree. BLS lists a national median annual wage of $83,510 for this occupation; the Essex County, NJ median of $136,500 is 63.5% above it.
How pay in Essex County, NJ compares
Compared with the New Jersey average
A worker in this occupation in Essex County, NJ earns $7,941 more than the New Jersey average of $128,559, a premium of 6.2%. Over a year that premium is worth $7,941 before tax and roughly $5,685 after tax. Within New Jersey, Essex County, NJ already has the highest median we track for this job.
Compared with the national average
The national employment-weighted average for Credit Analysts is $91,297 across the contiguous United States. At $136,500, Essex County, NJ pays $45,203 more, which is 49.5% above that benchmark. Keep in mind that a higher salary only helps if living costs do not rise faster, which is why the cost sections below matter as much as the headline number.
Where this job ranks in Essex County, NJ
Among the 671 occupations with published wages in Essex County, NJ, Credit Analysts ranks number 68 by median pay, ahead of about 90% of them. The best-paying occupation we track here is Anesthesiologists at $460,800 a year, which is $324,300 more than the median for Credit Analysts.
From gross pay to take-home pay
Three separate tax bills sit between the gross salary and the bank account: federal income tax, FICA, and state income tax. For Credit Analysts earning the Essex County, NJ median of $136,500, they add up to $38,774. The result is $97,726 of take-home pay a year ($8,144 a month), based on a single filer using the standard deduction.
Put another way, of every $100 earned, about $28 goes to taxes and $72 reaches the paycheck. The overall effective tax rate is 28.4%.
Federal income tax
After the $15,750 standard deduction, taxable income is $120,750. Federal brackets are marginal, so only the slice of income above each threshold is taxed at the higher rate; the last dollars of this salary fall in the 24% bracket. The resulting federal income tax is $21,827, an effective 16.0% of gross pay, well below the 24% marginal rate because the lower brackets are cheaper.
Social Security and Medicare (FICA)
Payroll taxes are a flat percentage of wages. Social Security takes 6.2% up to a wage base of $176,100, which costs $8,463 on this salary. Medicare takes 1.45%, or $1,979. FICA totals $10,442, which is 7.6% of gross pay.
State income tax in New Jersey
New Jersey income tax on this salary is $6,505 a year, or 4.8% of gross pay, after the state's own deductions and exemptions are applied. That is 30% of the federal income tax bill, and it comes out to $542 a month. Local taxes such as county or city income taxes are not included, so a few jurisdictions may withhold slightly more.
A cross-check with IRS data for Essex County, NJ
IRS Statistics of Income data for Essex County, NJ show an average adjusted gross income of $113,673 per return and an average effective federal income tax rate of 18.3% across all filers. Filers in the $100,000 to under $200,000 bracket, where this salary falls, paid an average of 12.4%, compared with the 16.0% estimated here for a single filer taking the standard deduction. Gaps between the two reflect filing status, dependents, credits and other income, none of which a single-person wage estimate includes.
Cost of living in Essex County, NJ
Take-home pay only means something next to what life costs. We price four basics for one adult in Essex County, NJ: a one-bedroom apartment, food, home energy and gasoline. All of them are converted to annual figures first, then compared with the $97,726 of take-home pay.
Rent
Housing is the largest line in most budgets. For Essex County, NJ, HUD sets the Fair Market Rent for a one-bedroom unit at $1,850 a month ($22,200 a year), and at $2,233 for two bedrooms. For Credit Analysts, a one-bedroom absorbs 22.7% of take-home pay and 16.3% of gross pay.
Food
The USDA Thrifty Food Plan (August 2026) puts the cost of a nutritious home-cooked diet for an adult at about $3,436 a year, which is $286 a month or $66.07 a week. That equals 2.5% of gross pay for Credit Analysts in Essex County, NJ. It is a thrifty budget with no restaurant meals, so treat it as a floor.
Energy and gasoline
Using New Jersey residential prices from the Energy Information Administration and national household averages for consumption, electricity costs about $2,044 a year and other home energy such as natural gas about $518, for $2,562 in total. Gasoline in New Jersey averages $3.21 per gallon; at about 463 gallons a year (11,106 miles at 24 miles per gallon) fuel adds $1,484.
What is left over
Rent, food, energy and gasoline cost $29,681 a year in Essex County, NJ. Subtract that from $97,726 of take-home pay and $68,044 remains, which is $5,670 a month of breathing room. That margin equals 49.8% of gross pay, a comfortable cushion by common budgeting rules.
Local housing and commute data for Essex County, NJ
The budget above covers rent, food, energy and gasoline. Three more local facts shape what a paycheck buys in Essex County, NJ: property taxes, housing prices and the daily commute. The figures below are exact U.S. Census Bureau American Community Survey 2020-2024 5-year estimates for Essex County, NJ, set beside the New Jersey and national medians.
Property taxes in Essex County, NJ
Homeowners in Essex County, NJ pay a median of $10,001 a year in real estate taxes, 4% above the New Jersey median of $9,590 and 221% above the U.S. median of $3,119. Against a median home value of $524,100, the median tax bill is 1.91% of that value (the ratio of the two county medians). For a worker paid the local Credit Analysts median of $136,500, a tax bill of that size would equal 7.3% of gross pay, which matters for anyone planning to buy rather than rent.
Rents, home prices and household income in Essex County, NJ
Renters in Essex County, NJ pay a median gross rent of $1,531 a month in the Census survey, 11% below the New Jersey median of $1,720. HUD's Fair Market Rent for a one-bedroom apartment, which this site uses in the budget, is $1,850 a month; the two measures differ because the Census figure covers units of every size that renters already occupy, while the HUD figure is a one-bedroom benchmark. The median value of an owner-occupied home is $524,100, 15% above the New Jersey median of $454,400. Median household income is $80,789, 22% below the New Jersey median of $103,556, so a year of one-bedroom Fair Market Rent equals 27.5% of that income.
Commuting in Essex County, NJ
Workers in Essex County, NJ who travel to a workplace spend an average of 33.6 minutes each way, 10% above the New Jersey average of 30.5. For someone who commutes five days a week, that is 5.6 hours of round-trip travel every week, a cost the budget does not price. 16.1% of workers in Essex County, NJ work from home, compared with 15.1% nationally, which removes the commute for them.
Can Credit Analysts afford to live in Essex County, NJ?
The 30% rent guideline
A common rule of thumb says rent should stay under 30% of gross income. For a gross salary of $136,500 that ceiling is $3,413 a month. The one-bedroom Fair Market Rent of $1,850 is $1,563 under it, so rent fits the guideline. Put as a wage, covering a one-bedroom at the 30% guideline takes $35.58 an hour; the median for Credit Analysts is $65.62, which is 84% above that mark. Another way to see it: at $46.98 of take-home pay an hour, a one-bedroom takes about 9.1 working hours every week.
Splitting a two-bedroom
Sharing a two-bedroom at $2,233 a month means $1,117 each. Compared with renting a one-bedroom alone, that saves $8,802 a year. With a roommate, the yearly margin after the basics becomes $76,846.
How fast you can save
At $5,670 a month of margin, building a $10,000 emergency fund would take about 2 months. Setting aside half of the margin stretches the same goal to about 4 months. These figures ignore interest, raises and any spending beyond the four basics.
Frequently asked questions about Credit Analysts pay in Essex County, NJ
How much do Credit Analysts make per hour in Essex County, NJ?
The median is $65.62 per hour, based on $136,500 a year over 2,080 hours. Hourly pay runs from about $38.87 at the 10th percentile to $124.19 at the 90th percentile.
How much do Credit Analysts take home after taxes in Essex County, NJ?
After federal income tax, FICA and state income tax, the median salary of $136,500 becomes $97,726 a year. That is $8,144 a month, $3,759 every two weeks or $1,879 a week.
How much tax do Credit Analysts pay in Essex County, NJ?
Total taxes are $38,774 a year, an effective rate of 28.4%: $21,827 federal income tax, $10,442 FICA and $6,505 New Jersey income tax.
Do Credit Analysts earn more in Essex County, NJ than elsewhere in New Jersey?
Yes. The local median of $136,500 is +6.2% versus the New Jersey average of $128,559, a difference of $7,941 a year.
Can Credit Analysts afford a one-bedroom apartment in Essex County, NJ?
A one-bedroom costs $1,850 a month against take-home pay of $8,144, which is 22.7% of take-home pay. That meets the 30%-of-gross guideline, which allows up to $3,413 a month.
What is the monthly budget margin for Credit Analysts in Essex County, NJ?
About $5,670 a month ($68,044 a year) remains after a one-bedroom apartment, food, home energy and gasoline, which together cost $29,681 a year.
What hourly wage covers a one-bedroom in Essex County, NJ at the 30% guideline?
$35.58 an hour for a full-time schedule, calculated as the $22,200 annual rent divided by 0.30 and by 2,080 hours. The median for Credit Analysts is $65.62.
How we calculated these numbers
Wages are May 2025 medians from the Bureau of Labor Statistics Occupational Employment and Wage Statistics survey for the New York-Newark-Jersey City, NY-NJ metropolitan area; hourly-only values are annualized at 2,080 hours. Rents are HUD Fair Market Rents, food costs come from the USDA Thrifty Food Plan, and energy prices come from the Energy Information Administration. County-level tax statistics come from the IRS Statistics of Income.
Taxes use tax-year 2025 federal brackets, FICA rates and the New Jersey rules for a single filer with wage income only. Figures are estimates for planning and comparison, not tax or financial advice, and they exclude local income taxes, benefits, retirement contributions and individual circumstances.