Average Loan Officers Salary in Daphne-Fairhope-Foley, AL
The average salary for a Loan Officers in Daphne-Fairhope-Foley, AL is $80,560. This compensation is in line with national standards, reflecting a balanced and stable local job market.
Executive Summary
- Average Salary: $80,560 per year.
- Growth Trend: Salaries have shifted 23.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $139,160.
- 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 Daphne-Fairhope-Foley, AL economy.
Salary Overview
The average Loan Officers in Daphne-Fairhope-Foley, AL earns-6.6%below the national average.
$38.7
$1,549
$6,713
Loan Officers Salary Trends (2020-2024)
Over the past 4 years, Loan Officers salaries in Daphne-Fairhope-Foley, AL have experienced a rapid surge, growing by 23.4%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Loan Officers Salary Distribution in Daphne-Fairhope-Foley, AL
The earning potential for Loan Officerss in Daphne-Fairhope-Foley, AL varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 3.5x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $40,320, while highly experienced professionals can command wages upwards of $139,160.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $40,320 | $19.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $60,420 | $29 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $55,550 | $26.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $100,700 | $48.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $139,160 | $66.9 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$80,560
Gross Pay
Real Wage (Purchasing Power)
$80,560
Adjusted for COL (100)
In Daphne-Fairhope-Foley, AL, the Cost of Living Index is 100. This increases your effective purchasing power from $80,560 to $80,560.
Job Market Context
150
Total Jobs
1.747
Per 1K Jobs
0.93
Location Quotient
Daphne-Fairhope-Foley, AL has 0.93x 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 Daphne-Fairhope-Foley, AL.
1.747 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. |
|---|---|---|
| Mobile, AL Loan Officers Salary | $75,620↓ 6% | 14 mi |
| Pensacola-Ferry Pass-Brent, FL Loan Officers Salary | $72,970↓ 9% | 43 mi |
| Gulfport-Biloxi, MS Loan Officers Salary | $60,340↓ 25% | 72 mi |
| Crestview-Fort Walton Beach-Destin, FL Loan Officers Salary | $74,790↓ 7% | 78 mi |
| Hattiesburg, MS Loan Officers Salary | $69,520↓ 14% | 97 mi |
Comparing salaries near Daphne-Fairhope-Foley, AL
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Frequently Asked Questions
How much does a Loan Officers make in Daphne-Fairhope-Foley, AL?
The median annual salary for a Loan Officers in Daphne-Fairhope-Foley, AL is $80,560. This typically ranges from $40,320 for entry-level positions to $139,160 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Daphne-Fairhope-Foley, AL is 6.6% lower than the national median of $86,220.
Is Daphne-Fairhope-Foley, AL a good place for Loan Officerss?
It depends on your priorities. While the average Loan Officers salary in Daphne-Fairhope-Foley, AL is $80,560 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Daphne-Fairhope-Foley, AL. See distinct detailed breakdown below.
Is Daphne-Fairhope-Foley, AL a good place to live for Loan Officers?
The Cost of Living Index in Daphne-Fairhope-Foley, AL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Daphne-Fairhope-Foley, AL?
Some top paying nearby cities include Mobile, AL ($75,620) and Pensacola-Ferry Pass-Brent, FL.
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 Daphne-Fairhope-Foley, AL area with a job density of 1.747 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 Daphne-Fairhope-Foley, AL