Average Loan Officers Salary in Bangor, ME
The average salary for a Loan Officers in Bangor, ME is $82,960. This compensation is in line with national standards, reflecting a balanced and stable local job market.
Executive Summary
- Average Salary: $82,960 per year.
- Growth Trend: Salaries have shifted 2.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $131,450.
- Outlook: The current demand for Loan Officerss is stable, with a local workforce of approximately 140 professionals. This role remains a specialized component of the broader Bangor, ME economy.
Salary Overview
The average Loan Officers in Bangor, ME earns-3.8%below the national average.
$39.9
$1,595
$6,913
Loan Officers Salary Trends (2020-2024)
Over the past 4 years, Loan Officers salaries in Bangor, ME have remained stable with a modest increase of 2.4%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Loan Officers Salary Distribution in Bangor, ME
The earning potential for Loan Officerss in Bangor, ME varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 2.7x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $47,940, while highly experienced professionals can command wages upwards of $131,450.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,940 | $23 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $62,220 | $29.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $75,330 | $36.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $103,700 | $49.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $131,450 | $63.2 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$82,960
Gross Pay
Real Wage (Purchasing Power)
$82,960
Adjusted for COL (100)
In Bangor, ME, the Cost of Living Index is 100. This increases your effective purchasing power from $82,960 to $82,960.
Job Market Context
140
Total Jobs
1.957
Per 1K Jobs
1.04
Location Quotient
With a location quotient of 1.04, Bangor, ME has a slightly higher-than-average concentration of Loan Officers roles compared to the national norm.
140 people work as Loan Officers in Bangor, ME.
1.957 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. |
|---|---|---|
| Southwest Maine nonmetropolitan area Loan Officers Salary | $76,720↓ 8% | 31 mi |
| Northeast Maine nonmetropolitan area Loan Officers Salary | $78,470↓ 5% | 31 mi |
| Lewiston-Auburn, ME Loan Officers Salary | $81,400↓ 2% | 85 mi |
Comparing salaries near Bangor, ME
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Bangor, ME?
The median annual salary for a Loan Officers in Bangor, ME is $82,960. This typically ranges from $47,940 for entry-level positions to $131,450 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Bangor, ME is 3.8% lower than the national median of $86,220.
Is Bangor, ME a good place for Loan Officerss?
It depends on your priorities. While the average Loan Officers salary in Bangor, ME is $82,960 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Bangor, ME. See distinct detailed breakdown below.
Is Bangor, ME a good place to live for Loan Officers?
The Cost of Living Index in Bangor, ME is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Bangor, ME?
Some top paying nearby cities include Southwest Maine nonmetropolitan area ($76,720) and Northeast Maine nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 140 employees in the Bangor, ME area with a job density of 1.957 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 Bangor, ME
- All Occupations Salary in Bangor, ME
- Office and Administrative Support Occupations Salary in Bangor, ME
- Food Preparation and Serving Related Occupations Salary in Bangor, ME
- Sales and Related Occupations Salary in Bangor, ME
- Transportation and Material Moving Occupations Salary in Bangor, ME
- Healthcare Practitioners and Technical Occupations Salary in Bangor, ME
- Educational Instruction and Library Occupations Salary in Bangor, ME
- Healthcare Support Occupations Salary in Bangor, ME
- Management Occupations Salary in Bangor, ME
- Construction and Extraction Occupations Salary in Bangor, ME
- Browse All Jobs in Bangor, ME →
Semantic Salary Analysis for Loan Officers • Data source: BLS OEWS 2024 •Jobs in Bangor, ME