Average Loan Officers Salary in Albany, GA
The average salary for a Loan Officers in Albany, GA is $78,140. This compensation is in line with national standards, reflecting a balanced and stable local job market.
Executive Summary
- Average Salary: $78,140 per year.
- Growth Trend: Salaries have shifted 2.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $144,410.
- Outlook: The current demand for Loan Officerss is stable, with a local workforce of approximately 80 professionals. This role remains a specialized component of the broader Albany, GA economy.
Salary Overview
The average Loan Officers in Albany, GA earns-9.4%below the national average.
$37.6
$1,503
$6,512
Loan Officers Salary Trends (2020-2024)
Over the past 4 years, Loan Officers salaries in Albany, GA have remained stable with a modest increase of 2.9%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Loan Officers Salary Distribution in Albany, GA
The earning potential for Loan Officerss in Albany, GA varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 3.7x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $39,560, while highly experienced professionals can command wages upwards of $144,410.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $39,560 | $19 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $58,605 | $28.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $61,520 | $29.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $97,675 | $47 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $144,410 | $69.4 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$78,140
Gross Pay
Real Wage (Purchasing Power)
$78,140
Adjusted for COL (100)
In Albany, GA, the Cost of Living Index is 100. This increases your effective purchasing power from $78,140 to $78,140.
Job Market Context
80
Total Jobs
1.417
Per 1K Jobs
0.75
Location Quotient
Albany, GA has 0.75x the national average concentration of Loan Officers jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
80 people work as Loan Officers in Albany, GA.
1.417 out of every 1,000 local jobs are Loan Officers positions — a typical concentration.
Nearby Job Markets
Nearby Cities for Loan Officers
| City | Salary | Dist. |
|---|---|---|
| Valdosta, GA Loan Officers Salary | $67,250↓ 14% | 73 mi |
| Dothan, AL Loan Officers Salary | $71,530↓ 8% | 76 mi |
| Columbus, GA-AL Loan Officers Salary | $76,450↓ 2% | 76 mi |
| Warner Robins, GA Loan Officers Salary | $73,070↓ 6% | 77 mi |
| Tallahassee, FL Loan Officers Salary | $72,760↓ 7% | 78 mi |
Comparing salaries near Albany, GA
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Albany, GA?
The median annual salary for a Loan Officers in Albany, GA is $78,140. This typically ranges from $39,560 for entry-level positions to $144,410 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albany, GA is 9.4% lower than the national median of $86,220.
Is Albany, GA a good place for Loan Officerss?
It depends on your priorities. While the average Loan Officers salary in Albany, GA is $78,140 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Albany, GA. See distinct detailed breakdown below.
Is Albany, GA a good place to live for Loan Officers?
The Cost of Living Index in Albany, GA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Albany, GA?
Some top paying nearby cities include Valdosta, GA ($67,250) and Dothan, AL.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 80 employees in the Albany, GA area with a job density of 1.417 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Loan Officers • Data source: BLS OEWS 2024 •Jobs in Albany, GA