Average Loan Officers Salary in Burlington, NC
The average salary for Loan Officerss in Burlington, NC is $55,290. While this is lower than the national average, the cost of living in Burlington, NC may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $55,290 per year.
- Growth Trend: Salaries have shifted 20.1% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $92,760.
- Outlook: The current demand for Loan Officerss is stable, with a local workforce of approximately 150 professionals. This role remains a specialized component of the broader Burlington, NC economy.
Salary Overview
The average Loan Officers in Burlington, NC earns-35.9%below the national average.
$26.6
$1,063
$4,608
Loan Officers Salary Trends (2020-2024)
Over the past 4 years, Loan Officers salaries in Burlington, NC have seen a slight adjustment of -20.1%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Loan Officers Salary Distribution in Burlington, NC
The earning potential for Loan Officerss in Burlington, NC 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 $39,330, while highly experienced professionals can command wages upwards of $92,760.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $39,330 | $18.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $41,468 | $19.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $51,200 | $24.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $69,113 | $33.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $92,760 | $44.6 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$55,290
Gross Pay
Real Wage (Purchasing Power)
$55,290
Adjusted for COL (100)
In Burlington, NC, the Cost of Living Index is 100. This increases your effective purchasing power from $55,290 to $55,290.
Job Market Context
150
Total Jobs
2.148
Per 1K Jobs
1.14
Location Quotient
With a location quotient of 1.14, Burlington, NC has a slightly higher-than-average concentration of Loan Officers roles compared to the national norm.
150 people work as Loan Officers in Burlington, NC.
Moderate density — roughly 2.148 out of every 1,000 local jobs are in this profession.
Nearby Job Markets
Nearby Cities for Loan Officers
| City | Salary | Dist. |
|---|---|---|
| Greensboro-High Point, NC Loan Officers Salary | $77,550↑ 40% | 20 mi |
| Durham-Chapel Hill, NC Loan Officers Salary | $87,850↑ 59% | 32 mi |
| Eastern North Carolina nonmetropolitan area Loan Officers Salary | $70,610↑ 28% | 36 mi |
| Western North Carolina nonmetropolitan area Loan Officers Salary | $70,470↑ 27% | 36 mi |
| Central North Carolina nonmetropolitan area Loan Officers Salary | $66,540↑ 20% | 36 mi |
Comparing salaries near Burlington, NC
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Burlington, NC?
The median annual salary for a Loan Officers in Burlington, NC is $55,290. This typically ranges from $39,330 for entry-level positions to $92,760 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Burlington, NC is 35.9% lower than the national median of $86,220.
Is Burlington, NC a good place for Loan Officerss?
It depends on your priorities. While the average Loan Officers salary in Burlington, NC is $55,290 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Burlington, NC. See distinct detailed breakdown below.
Is Burlington, NC a good place to live for Loan Officers?
The Cost of Living Index in Burlington, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Burlington, NC?
Some top paying nearby cities include Greensboro-High Point, NC ($77,550) and Durham-Chapel Hill, NC.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 150 employees in the Burlington, NC area with a job density of 2.148 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 Burlington, NC