Average Loan Officers Salary in Capital/Northern New York nonmetropolitan area
The average salary for a Loan Officers in Capital/Northern New York nonmetropolitan area is $82,470. This compensation is in line with national standards, reflecting a balanced and stable local job market.
Executive Summary
- Average Salary: $82,470 per year.
- Growth Trend: Salaries have shifted 34.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $138,040.
- 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 Capital/Northern New York nonmetropolitan area economy.
Salary Overview
The average Loan Officers in Capital/Northern New York nonmetropolitan area earns-4.3%below the national average.
$39.7
$1,586
$6,873
Loan Officers Salary Trends (2020-2024)
Over the past 4 years, Loan Officers salaries in Capital/Northern New York nonmetropolitan area have experienced a rapid surge, growing by 34.1%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Loan Officers Salary Distribution in Capital/Northern New York nonmetropolitan area
The earning potential for Loan Officerss in Capital/Northern New York nonmetropolitan area varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 2.9x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $47,080, while highly experienced professionals can command wages upwards of $138,040.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,080 | $22.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $61,853 | $29.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $65,400 | $31.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $103,088 | $49.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $138,040 | $66.4 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$82,470
Gross Pay
Real Wage (Purchasing Power)
$82,470
Adjusted for COL (100)
In Capital/Northern New York nonmetropolitan area, the Cost of Living Index is 100. This increases your effective purchasing power from $82,470 to $82,470.
Job Market Context
150
Total Jobs
1.074
Per 1K Jobs
0.57
Location Quotient
Capital/Northern New York nonmetropolitan area has 0.57x 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.
150 people work as Loan Officers in Capital/Northern New York nonmetropolitan area.
1.074 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. |
|---|---|---|
| Binghamton, NY Loan Officers Salary | $102,680↑ 25% | 49 mi |
| Kingston, NY Loan Officers Salary | $89,940↑ 9% | 51 mi |
| Scranton--Wilkes-Barre, PA Loan Officers Salary | $76,950↓ 7% | 64 mi |
| Utica-Rome, NY Loan Officers Salary | $77,770↓ 6% | 66 mi |
| Albany-Schenectady-Troy, NY Loan Officers Salary | $102,720↑ 25% | 68 mi |
Comparing salaries near Capital/Northern New York nonmetropolitan area
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Capital/Northern New York nonmetropolitan area?
The median annual salary for a Loan Officers in Capital/Northern New York nonmetropolitan area is $82,470. This typically ranges from $47,080 for entry-level positions to $138,040 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Capital/Northern New York nonmetropolitan area is 4.3% lower than the national median of $86,220.
Is Capital/Northern New York nonmetropolitan area a good place for Loan Officerss?
It depends on your priorities. While the average Loan Officers salary in Capital/Northern New York nonmetropolitan area is $82,470 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Capital/Northern New York nonmetropolitan area. See distinct detailed breakdown below.
Is Capital/Northern New York nonmetropolitan area a good place to live for Loan Officers?
The Cost of Living Index in Capital/Northern New York nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Capital/Northern New York nonmetropolitan area?
Some top paying nearby cities include Binghamton, NY ($102,680) and Kingston, NY.
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 Capital/Northern New York nonmetropolitan area area with a job density of 1.074 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 Capital/Northern New York nonmetropolitan area