Average Loan Officers Salary in Appleton, WI
Loan Officers in Appleton, WI, earn an average annual salary of $86,450, a figure that aligns closely with the national average of $86,220. This parity suggests that local economic factors and demand within Appleton are currently balancing out to meet national compensation benchmarks for this vital financial role.
Executive Summary
- Average Salary: $86,450 per year.
- Growth Trend: Salaries have shifted 7.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $144,210.
- Outlook: With a local workforce of 210 Loan Officers and a Location Quotient of 0.9, Appleton's market indicates a stable, albeit slightly below national concentration, demand for these professionals. The presence of nearly 1.7 jobs per 1,000 workers signifies a consistent need for skilled individuals in the financial sector, suggesting a robust employment landscape for Loan Officers.
Salary Overview
The average Loan Officers in Appleton, WI earns+0.3%above the national average.
$41.6
$1,663
$7,204
Loan Officers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Loan Officer salaries in Appleton, WI, have experienced steady growth over the past four years, mirroring national trends. Economic shifts, evolving lending regulations, and increased demand for financial services typically drive incremental salary increases in this profession.
Loan Officers Salary Distribution in Appleton, WI
The career trajectory for Loan Officers in Appleton, WI, shows significant earning potential as experience is gained. Entry-level positions typically command salaries at the lower end of the spectrum, while seasoned professionals with a proven track record and specialized skills can expect to earn substantially more, often reaching into the higher percentiles, reflecting increased responsibility and expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $49,510 | $23.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $64,838 | $31.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $78,550 | $37.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $108,063 | $52 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $144,210 | $69.3 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$86,450
Gross Pay
Real Wage (Purchasing Power)
$86,450
Adjusted for COL (100)
For professionals considering a move to Appleton, WI, the average Loan Officer salary of $86,450 is perfectly balanced by the local Cost of Living Index of 100. This means that the purchasing power of an Appleton-based Loan Officer's salary is equivalent to the national average, offering a stable financial foundation without the immediate pressure of higher or lower living expenses.
Job Market Context
210
Total Jobs
1.696
Per 1K Jobs
0.9
Location Quotient
Appleton, WI has 0.90x 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.
The Location Quotient of 0.9 for Loan Officers in Appleton, WI, suggests that the concentration of these professionals is just slightly below the national average. This indicates a competitive yet accessible job market, where opportunities exist without being oversaturated, providing a healthy environment for both job seekers and employers.
Nearby Job Markets
Nearby Cities for Loan Officers
| City | Salary | Dist. |
|---|---|---|
| Oshkosh-Neenah, WI Loan Officers Salary | $86,100↓ 0% | 20 mi |
| Green Bay, WI Loan Officers Salary | $86,250↓ 0% | 26 mi |
| Fond du Lac, WI Loan Officers Salary | $87,320↑ 1% | 35 mi |
| Sheboygan, WI Loan Officers Salary | $87,810↑ 2% | 49 mi |
| South Central Wisconsin nonmetropolitan area Loan Officers Salary | $87,780↑ 2% | 61 mi |
Comparing salaries near Appleton, WI
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Appleton, WI?
The median annual salary for a Loan Officers in Appleton, WI is $86,450. This typically ranges from $49,510 for entry-level positions to $144,210 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Appleton, WI is 0.3% higher than the national median of $86,220.
Is Appleton, WI a lucrative place for Loan Officers?
Yes, Appleton, WI offers a competitive compensation environment for Loan Officers.The average salary of $86,450 is on par with the national average, and the cost of living is also at the national benchmark, indicating strong purchasing power for local professionals.
Is Appleton, WI a good place to live for Loan Officers?
The Cost of Living Index in Appleton, WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Appleton, WI?
Some top paying nearby cities include Oshkosh-Neenah, WI ($86,100) and Green Bay, WI.
How does the number of Loan Officers in Appleton compare to the national average?
Appleton has a total local workforce of 210 Loan Officers, and its Location Quotient of 0.9 indicates a concentration slightly below the national average, suggesting a balanced market.
What is the job availability like for Loan Officers in Appleton, WI?
With 1.696 jobs per 1,000 workers, there is a consistent demand for Loan Officers in Appleton, reflecting a healthy job market for the profession.
Does experience significantly impact a Loan Officer's salary in Appleton?
Yes, experience is a key driver of salary growth for Loan Officers, with senior roles commanding higher earnings than entry-level positions, reflecting increased expertise and responsibility.
How does the Cost of Living in Appleton affect the Loan Officer salary?
The Cost of Living Index in Appleton is 100, matching the national average. This means the $86,450 average salary offers a purchasing power equivalent to the national average, making it a stable financial environment.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 210 employees in the Appleton, WI area with a job density of 1.696 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 Appleton, WI