Average Loan Officers Salary in Atlanta-Sandy Springs-Roswell, GA
Loan Officers in the Atlanta-Sandy Springs-Roswell, GA metropolitan area earn an impressive average annual salary of $94,080. This figure significantly surpasses the national average of $86,220, indicating a strong local demand for financial expertise. The robust economic activity and financial services sector within this region likely contribute to this elevated compensation.
Executive Summary
- Average Salary: $94,080 per year.
- Growth Trend: Salaries have shifted 2.6% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $149,370.
- Outlook: With a substantial local workforce of 5,550 Loan Officers and a Location Quotient of 1.03, the Atlanta-Sandy Springs-Roswell area demonstrates a healthy and slightly above-average concentration of these professionals. This suggests a stable and potentially growing job market, where demand for skilled Loan Officers is consistently met by a readily available talent pool.
Salary Overview
The average Loan Officers in Atlanta-Sandy Springs-Roswell, GA earns+9.1%above the national average.
$45.2
$1,809
$7,840
Loan Officers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Loan Officers in Atlanta-Sandy Springs-Roswell have experienced consistent growth over the past four years, mirroring broader economic trends and the increasing complexity of financial markets. This upward trajectory is typical for roles that are integral to economic development and consumer finance.
Loan Officers Salary Distribution in Atlanta-Sandy Springs-Roswell, GA
Career progression for Loan Officers in Atlanta-Sandy Springs-Roswell typically correlates with experience. Entry-level positions may start closer to the lower end of the salary spectrum, while seasoned professionals with proven track records and specialized skills can command significantly higher earnings. The percentile distribution of salaries, though not detailed here, would likely show a widening gap between the 25th and 75th percentiles as experience increases, reflecting significant earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $44,210 | $21.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $70,560 | $33.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $78,220 | $37.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $117,600 | $56.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $149,370 | $71.8 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$94,080
Gross Pay
Real Wage (Purchasing Power)
$94,080
Adjusted for COL (100)
The average annual salary of $94,080 for Loan Officers in Atlanta-Sandy Springs-Roswell aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Loan Officer's salary in this area is equivalent to the national average, offering a balanced lifestyle without the added financial strain often associated with higher-paying, high-cost-of-living regions.
Job Market Context
5,550
Total Jobs
1.934
Per 1K Jobs
1.03
Location Quotient
With a location quotient of 1.03, Atlanta-Sandy Springs-Roswell, GA has a slightly higher-than-average concentration of Loan Officers roles compared to the national norm.
A Location Quotient of 1.03 signifies that Loan Officers are slightly more concentrated in the Atlanta-Sandy Springs-Roswell area compared to the national average. This suggests a competitive yet stable job market, where employers actively seek qualified candidates, and professionals have ample opportunities to find roles that match their expertise and career aspirations within the financial services sector.
Nearby Job Markets
Nearby Cities for Loan Officers
| City | Salary | Dist. |
|---|---|---|
| Gainesville, GA Loan Officers Salary | $81,190↓ 14% | 49 mi |
| Rome, GA Loan Officers Salary | $80,730↓ 14% | 58 mi |
| Athens-Clarke County, GA Loan Officers Salary | $84,080↓ 11% | 60 mi |
| South Georgia nonmetropolitan area Loan Officers Salary | $75,190↓ 20% | 65 mi |
| North Georgia nonmetropolitan area Loan Officers Salary | $78,160↓ 17% | 65 mi |
Comparing salaries near Atlanta-Sandy Springs-Roswell, GA
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Frequently Asked Questions
How much does a Loan Officers make in Atlanta-Sandy Springs-Roswell, GA?
The median annual salary for a Loan Officers in Atlanta-Sandy Springs-Roswell, GA is $94,080. This typically ranges from $44,210 for entry-level positions to $149,370 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Atlanta-Sandy Springs-Roswell, GA is 9.1% higher than the national median of $86,220.
Is Atlanta-Sandy Springs-Roswell, GA a lucrative place for Loan Officers?
Yes, it is a lucrative place for Loan Officers.Loan Officers in this area earn an average of $94,080 annually, which is higher than the national average. Coupled with a cost of living that matches the national average, this makes the location financially advantageous for the profession.
Is Atlanta-Sandy Springs-Roswell, GA a good place to live for Loan Officers?
The Cost of Living Index in Atlanta-Sandy Springs-Roswell, GA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Atlanta-Sandy Springs-Roswell, GA?
Some top paying nearby cities include Gainesville, GA ($81,190) and Rome, GA.
How does the Atlanta Loan Officer salary compare to the national average?
The average annual salary for Loan Officers in Atlanta-Sandy Springs-Roswell is $94,080, which is $7,860 higher than the national average of $86,220.
What is the job market like for Loan Officers in Atlanta?
The job market is robust, with a slightly higher concentration of Loan Officers (LQ of 1.03) than the national average, indicating steady demand within the local financial services industry.
Does the cost of living affect the value of a Loan Officer's salary in Atlanta?
No, the cost of living in Atlanta-Sandy Springs-Roswell is exactly at the national average (100), meaning the higher salary offers equivalent purchasing power to the national average.
How many Loan Officers are employed in the Atlanta area?
There are approximately 5,550 Loan Officers employed within the Atlanta-Sandy Springs-Roswell metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 5,550 employees in the Atlanta-Sandy Springs-Roswell, GA area with a job density of 1.934 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 Atlanta-Sandy Springs-Roswell, GA