Average Loan Officers Salary in Burlington-South Burlington, VT
Yes, Burlington-South Burlington, VT is a highly lucrative market for Loan Officerss. With an average annual salary of $98,910, professionals here earn significantly more than the national norm.
Executive Summary
- Average Salary: $98,910 per year.
- Growth Trend: Salaries have shifted 38.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $162,520.
- Outlook: The current demand for Loan Officerss is stable, with a local workforce of approximately 170 professionals. This role remains a specialized component of the broader Burlington-South Burlington, VT economy.
Salary Overview
The average Loan Officers in Burlington-South Burlington, VT earns+14.7%above the national average.
$47.6
$1,902
$8,243
Loan Officers Salary Trends (2020-2024)
Over the past 4 years, Loan Officers salaries in Burlington-South Burlington, VT have experienced a rapid surge, growing by 38.0%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Loan Officers Salary Distribution in Burlington-South Burlington, VT
The earning potential for Loan Officerss in Burlington-South Burlington, VT varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 3.2x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $50,930, while highly experienced professionals can command wages upwards of $162,520.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $50,930 | $24.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $74,183 | $35.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $79,120 | $38 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $123,638 | $59.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $162,520 | $78.1 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$98,910
Gross Pay
Real Wage (Purchasing Power)
$98,910
Adjusted for COL (100)
In Burlington-South Burlington, VT, the Cost of Living Index is 100. This increases your effective purchasing power from $98,910 to $98,910.
Job Market Context
170
Total Jobs
1.413
Per 1K Jobs
0.75
Location Quotient
Burlington-South Burlington, VT has 0.75x 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.
170 people work as Loan Officers in Burlington-South Burlington, VT.
1.413 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. |
|---|---|---|
| Northern Vermont nonmetropolitan area Loan Officers Salary | $104,700↑ 6% | 40 mi |
| Southern Vermont nonmetropolitan area Loan Officers Salary | $96,700↓ 2% | 40 mi |
| Glens Falls, NY Loan Officers Salary | $96,420↓ 3% | 84 mi |
Comparing salaries near Burlington-South Burlington, VT
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Burlington-South Burlington, VT?
The median annual salary for a Loan Officers in Burlington-South Burlington, VT is $98,910. This typically ranges from $50,930 for entry-level positions to $162,520 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Burlington-South Burlington, VT is 14.7% higher than the national median of $86,220.
Is Burlington-South Burlington, VT a good place for Loan Officerss?
Yes, Burlington-South Burlington, VT is financially attractive for Loan Officerss. The average salary of $98,910 exceeds the national average. See distinct detailed breakdown below.
Is Burlington-South Burlington, VT a good place to live for Loan Officers?
The Cost of Living Index in Burlington-South Burlington, VT is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Burlington-South Burlington, VT?
Some top paying nearby cities include Northern Vermont nonmetropolitan area ($104,700) and Southern Vermont 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 170 employees in the Burlington-South Burlington, VT area with a job density of 1.413 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-South Burlington, VT