Average Loan Officers Salary in Dayton-Kettering-Beavercreek, OH
Loan Officers in the Dayton-Kettering-Beavercreek, OH area earn a substantial average annual salary of $135,040. This figure significantly surpasses the national average of $86,220, indicating a strong local demand for these financial professionals. The robust compensation in this region is likely influenced by a combination of local economic factors and the specific needs of the financial services sector within the area.
Executive Summary
- Average Salary: $135,040 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $149,090.
- Outlook: With a total local workforce of 560 Loan Officers, the Dayton-Kettering-Beavercreek area demonstrates a notable presence in this profession. The Location Quotient of 0.8 suggests that while the concentration is slightly below the national average, the absolute number of professionals indicates a stable and active job market. This workforce size, coupled with the jobs per 1,000 workers metric of 1.511, points to a consistent demand for skilled Loan Officers within the region.
Salary Overview
The average Loan Officers in Dayton-Kettering-Beavercreek, OH earns+56.6%above the national average.
$64.9
$2,597
$11,253
Loan Officers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Loan Officers in Dayton-Kettering-Beavercreek have experienced steady growth over the past four years, mirroring national trends in the financial services industry. Factors such as evolving market conditions, interest rate fluctuations, and increased demand for housing and financial products likely contribute to upward pressure on compensation for experienced professionals.
Loan Officers Salary Distribution in Dayton-Kettering-Beavercreek, OH
Salary progression for Loan Officers in Dayton-Kettering-Beavercreek typically scales with experience. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with a proven track record and extensive client networks can command salaries in the upper percentiles. The difference between entry-level and senior roles highlights significant career growth opportunities and the value placed on expertise and performance within the local market.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $34,520 | $16.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $101,280 | $48.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $64,390 | $31 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $168,800 | $81.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $149,090 | $71.7 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$135,040
Gross Pay
Real Wage (Purchasing Power)
$135,040
Adjusted for COL (100)
The average annual salary of $135,040 for Loan Officers in Dayton-Kettering-Beavercreek presents an excellent financial proposition, especially considering the local Cost of Living Index is exactly at the national average of 100. This means that the purchasing power of the local salary is on par with the national standard, allowing professionals to maintain a comparable lifestyle without the added financial strain often associated with higher cost-of-living areas.
Job Market Context
560
Total Jobs
1.511
Per 1K Jobs
0.8
Location Quotient
Dayton-Kettering-Beavercreek, OH has 0.80x 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.
The Location Quotient (LQ) of 0.8 for Loan Officers in Dayton-Kettering-Beavercreek suggests that the profession is slightly less concentrated locally compared to the national average. This indicates that while there is a solid base of employment, the market is not oversaturated, potentially offering good opportunities for new entrants and established professionals alike. The job market appears balanced, with enough demand to sustain the current workforce without excessive competition.
Nearby Job Markets
Nearby Cities for Loan Officers
| City | Salary | Dist. |
|---|---|---|
| Springfield, OH Loan Officers Salary | $84,670↓ 37% | 24 mi |
| Cincinnati, OH-KY-IN Loan Officers Salary | $80,610↓ 40% | 50 mi |
| Columbus, OH Loan Officers Salary | $87,500↓ 35% | 65 mi |
| Lima, OH Loan Officers Salary | $86,050↓ 36% | 67 mi |
| Muncie, IN Loan Officers Salary | $77,350↓ 43% | 70 mi |
Comparing salaries near Dayton-Kettering-Beavercreek, OH
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Frequently Asked Questions
How much does a Loan Officers make in Dayton-Kettering-Beavercreek, OH?
The median annual salary for a Loan Officers in Dayton-Kettering-Beavercreek, OH is $135,040. This typically ranges from $34,520 for entry-level positions to $149,090 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Dayton-Kettering-Beavercreek, OH is 56.6% higher than the national median of $86,220.
Is Dayton-Kettering-Beavercreek, OH a lucrative place for Loan Officers?
Yes, it is a highly lucrative place for Loan Officers.The average salary of $135,040 is significantly higher than the national average, and with a cost of living at the national average, the effective purchasing power of this salary is very strong.
Is Dayton-Kettering-Beavercreek, OH a good place to live for Loan Officers?
The Cost of Living Index in Dayton-Kettering-Beavercreek, OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Dayton-Kettering-Beavercreek, OH?
Some top paying nearby cities include Springfield, OH ($84,670) and Cincinnati, OH-KY-IN.
How does the Dayton-Kettering-Beavercreek salary compare to the national average?
Loan Officers in Dayton-Kettering-Beavercreek earn an average of $135,040 annually, which is substantially higher than the national average of $86,220.
What is the Cost of Living in Dayton-Kettering-Beavercreek, OH?
The Cost of Living Index in Dayton-Kettering-Beavercreek is 100, which is exactly the national average, meaning the general cost of goods and services is comparable to the rest of the country.
How concentrated is the Loan Officer job market in Dayton-Kettering-Beavercreek?
The Location Quotient of 0.8 indicates that Loan Officers are slightly less concentrated in this area compared to the national average, suggesting a healthy balance between available jobs and professionals.
What is the total number of Loan Officers in the Dayton-Kettering-Beavercreek area?
There are approximately 560 Loan Officers employed in the Dayton-Kettering-Beavercreek, OH region.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 560 employees in the Dayton-Kettering-Beavercreek, OH area with a job density of 1.511 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 Dayton-Kettering-Beavercreek, OH