Average Loan Officers Salary in Barnstable Town, MA
Yes, Barnstable Town, MA is a highly lucrative market for Loan Officerss. With an average annual salary of $108,680, professionals here earn significantly more than the national norm.
Executive Summary
- Average Salary: $108,680 per year.
- Growth Trend: Salaries have shifted 14.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $170,890.
- Outlook: The current demand for Loan Officerss is stable, with a local workforce of approximately 90 professionals. This role remains a specialized component of the broader Barnstable Town, MA economy.
Salary Overview
The average Loan Officers in Barnstable Town, MA earns+26.0%above the national average.
$52.3
$2,090
$9,057
Loan Officers Salary Trends (2020-2024)
Over the past 4 years, Loan Officers salaries in Barnstable Town, MA have shown healthy growth of 14.2%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Loan Officers Salary Distribution in Barnstable Town, MA
The earning potential for Loan Officerss in Barnstable Town, MA varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 3.1x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $54,700, while highly experienced professionals can command wages upwards of $170,890.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $54,700 | $26.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $81,510 | $39.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $94,850 | $45.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $135,850 | $65.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $170,890 | $82.2 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$108,680
Gross Pay
Real Wage (Purchasing Power)
$108,680
Adjusted for COL (100)
In Barnstable Town, MA, the Cost of Living Index is 100. This increases your effective purchasing power from $108,680 to $108,680.
Job Market Context
90
Total Jobs
0.966
Per 1K Jobs
0.51
Location Quotient
Barnstable Town, MA has 0.51x 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.
90 people work as Loan Officers in Barnstable Town, MA.
Only 0.966 out of every 1,000 local jobs are Loan Officers roles — this is a niche profession in the area.
Nearby Job Markets
Nearby Cities for Loan Officers
| City | Salary | Dist. |
|---|---|---|
| Providence-Warwick, RI-MA Loan Officers Salary | $83,450↓ 23% | 58 mi |
| Boston-Cambridge-Newton, MA-NH Loan Officers Salary | $110,820↑ 2% | 59 mi |
| Massachusetts nonmetropolitan area Loan Officers Salary | $108,960↑ 0% | 73 mi |
| Worcester, MA Loan Officers Salary | $101,650↓ 6% | 87 mi |
| Norwich-New London-Willimantic, CT Loan Officers Salary | $98,120↓ 10% | 93 mi |
Comparing salaries near Barnstable Town, MA
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Barnstable Town, MA?
The median annual salary for a Loan Officers in Barnstable Town, MA is $108,680. This typically ranges from $54,700 for entry-level positions to $170,890 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Barnstable Town, MA is 26.0% higher than the national median of $86,220.
Is Barnstable Town, MA a good place for Loan Officerss?
Yes, Barnstable Town, MA is financially attractive for Loan Officerss. The average salary of $108,680 exceeds the national average. See distinct detailed breakdown below.
Is Barnstable Town, MA a good place to live for Loan Officers?
The Cost of Living Index in Barnstable Town, MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Barnstable Town, MA?
Some top paying nearby cities include Providence-Warwick, RI-MA ($83,450) and Boston-Cambridge-Newton, MA-NH.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 90 employees in the Barnstable Town, MA area with a job density of 0.966 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 Barnstable Town, MA