Average Loan Officers Salary in Arecibo, PR
The average salary for Loan Officerss in Arecibo, PR is $36,320. While this is lower than the national average, the cost of living in Arecibo, PR may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $36,320 per year.
- Growth Trend: Salaries have shifted 14.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $47,640.
- Outlook: The current demand for Loan Officerss is stable, with a local workforce of approximately 60 professionals. This role remains a specialized component of the broader Arecibo, PR economy.
Salary Overview
The average Loan Officers in Arecibo, PR earns-57.9%below the national average.
$17.5
$698
$3,027
Loan Officers Salary Trends (2020-2024)
Over the past 4 years, Loan Officers salaries in Arecibo, PR have shown healthy growth of 14.4%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Loan Officers Salary Distribution in Arecibo, PR
The earning potential for Loan Officerss in Arecibo, PR varies significantly by experience level. The salary gap is relatively narrow, suggesting consistent and predictable earnings from entry-level to senior positions. Entry-level roles (10th percentile) typically start around $24,370, while highly experienced professionals can command wages upwards of $47,640.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $24,370 | $11.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $27,240 | $13.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $32,320 | $15.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $45,400 | $21.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $47,640 | $22.9 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$36,320
Gross Pay
Real Wage (Purchasing Power)
$36,320
Adjusted for COL (100)
In Arecibo, PR, the Cost of Living Index is 100. This increases your effective purchasing power from $36,320 to $36,320.
Job Market Context
60
Total Jobs
1.856
Per 1K Jobs
0.98
Location Quotient
Arecibo, PR has 0.98x 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.
60 people work as Loan Officers in Arecibo, PR.
1.856 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. |
|---|---|---|
| Puerto Rico nonmetropolitan area Loan Officers Salary | $33,920↓ 7% | 19 mi |
| Aguadilla, PR Loan Officers Salary | $34,600↓ 5% | 27 mi |
| Mayaguez, PR Loan Officers Salary | $40,440↑ 11% | 29 mi |
| Ponce, PR Loan Officers Salary | $40,550↑ 12% | 31 mi |
| San Juan-Bayamon-Caguas, PR Loan Officers Salary | $42,720↑ 18% | 45 mi |
Comparing salaries near Arecibo, PR
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Arecibo, PR?
The median annual salary for a Loan Officers in Arecibo, PR is $36,320. This typically ranges from $24,370 for entry-level positions to $47,640 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Arecibo, PR is 57.9% lower than the national median of $86,220.
Is Arecibo, PR a good place for Loan Officerss?
It depends on your priorities. While the average Loan Officers salary in Arecibo, PR is $36,320 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Arecibo, PR. See distinct detailed breakdown below.
Is Arecibo, PR a good place to live for Loan Officers?
The Cost of Living Index in Arecibo, PR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Arecibo, PR?
Some top paying nearby cities include Puerto Rico nonmetropolitan area ($33,920) and Aguadilla, PR.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 60 employees in the Arecibo, PR area with a job density of 1.856 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Loan Officers Salaries by State
Top Jobs in Arecibo, PR
- All Occupations Salary in Arecibo, PR
- Office and Administrative Support Occupations Salary in Arecibo, PR
- Sales and Related Occupations Salary in Arecibo, PR
- Production Occupations Salary in Arecibo, PR
- Food Preparation and Serving Related Occupations Salary in Arecibo, PR
- Educational Instruction and Library Occupations Salary in Arecibo, PR
- Healthcare Practitioners and Technical Occupations Salary in Arecibo, PR
- Transportation and Material Moving Occupations Salary in Arecibo, PR
- Retail Salespersons Salary in Arecibo, PR
- Cashiers Salary in Arecibo, PR
- Browse All Jobs in Arecibo, PR →
Semantic Salary Analysis for Loan Officers • Data source: BLS OEWS 2024 •Jobs in Arecibo, PR