Average Loan Officers Salary in Bowling Green, KY
The average salary for a Loan Officers in Bowling Green, KY is $88,750. This compensation is in line with national standards, reflecting a balanced and stable local job market.
Executive Summary
- Average Salary: $88,750 per year.
- Growth Trend: Salaries have shifted 35.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $159,070.
- 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 Bowling Green, KY economy.
Salary Overview
The average Loan Officers in Bowling Green, KY earns+2.9%above the national average.
$42.7
$1,707
$7,396
Loan Officers Salary Trends (2020-2024)
Over the past 4 years, Loan Officers salaries in Bowling Green, KY have experienced a rapid surge, growing by 35.8%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Loan Officers Salary Distribution in Bowling Green, KY
The earning potential for Loan Officerss in Bowling Green, KY varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 4.3x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $37,340, while highly experienced professionals can command wages upwards of $159,070.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,340 | $18 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $66,563 | $32 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $79,740 | $38.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $110,938 | $53.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $159,070 | $76.5 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$88,750
Gross Pay
Real Wage (Purchasing Power)
$88,750
Adjusted for COL (100)
In Bowling Green, KY, the Cost of Living Index is 100. This increases your effective purchasing power from $88,750 to $88,750.
Job Market Context
140
Total Jobs
1.72
Per 1K Jobs
0.91
Location Quotient
Bowling Green, KY has 0.91x 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.
140 people work as Loan Officers in Bowling Green, KY.
1.72 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. |
|---|---|---|
| Clarksville, TN-KY Loan Officers Salary | $76,070↓ 14% | 57 mi |
| Nashville-Davidson--Murfreesboro--Franklin, TN Loan Officers Salary | $77,980↓ 12% | 59 mi |
| Elizabethtown, KY Loan Officers Salary | $78,910↓ 11% | 59 mi |
| Owensboro, KY Loan Officers Salary | $64,800↓ 27% | 66 mi |
| East Tennessee nonmetropolitan area Loan Officers Salary | $73,580↓ 17% | 86 mi |
Comparing salaries near Bowling Green, KY
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Bowling Green, KY?
The median annual salary for a Loan Officers in Bowling Green, KY is $88,750. This typically ranges from $37,340 for entry-level positions to $159,070 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Bowling Green, KY is 2.9% higher than the national median of $86,220.
Is Bowling Green, KY a good place for Loan Officerss?
Yes, Bowling Green, KY is financially attractive for Loan Officerss. The average salary of $88,750 exceeds the national average. See distinct detailed breakdown below.
Is Bowling Green, KY a good place to live for Loan Officers?
The Cost of Living Index in Bowling Green, KY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Bowling Green, KY?
Some top paying nearby cities include Clarksville, TN-KY ($76,070) and Nashville-Davidson--Murfreesboro--Franklin, TN.
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 Bowling Green, KY area with a job density of 1.72 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 Bowling Green, KY
- All Occupations Salary in Bowling Green, KY
- Production Occupations Salary in Bowling Green, KY
- Office and Administrative Support Occupations Salary in Bowling Green, KY
- Transportation and Material Moving Occupations Salary in Bowling Green, KY
- Food Preparation and Serving Related Occupations Salary in Bowling Green, KY
- Sales and Related Occupations Salary in Bowling Green, KY
- Healthcare Practitioners and Technical Occupations Salary in Bowling Green, KY
- Educational Instruction and Library Occupations Salary in Bowling Green, KY
- Management Occupations Salary in Bowling Green, KY
- Installation, Maintenance, and Repair Occupations Salary in Bowling Green, KY
- Browse All Jobs in Bowling Green, KY →
Semantic Salary Analysis for Loan Officers • Data source: BLS OEWS 2024 •Jobs in Bowling Green, KY