Average Loan Officers Salary in Decatur, AL
The average salary for a Loan Officers in Decatur, AL is $83,510. This compensation is in line with national standards, reflecting a balanced and stable local job market. Notably, Decatur, AL is a key hub for this profession, with a job concentration 1.49x higher than average.
Executive Summary
- Average Salary: $83,510 per year.
- Growth Trend: Salaries have shifted 3.1% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $165,210.
- 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 Decatur, AL economy.
Salary Overview
The average Loan Officers in Decatur, AL earns-3.1%below the national average.
$40.2
$1,606
$6,959
Loan Officers Salary Trends (2020-2024)
Over the past 4 years, Loan Officers salaries in Decatur, AL have seen a slight adjustment of -3.1%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Loan Officers Salary Distribution in Decatur, AL
The earning potential for Loan Officerss in Decatur, AL varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 3.6x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $45,900, while highly experienced professionals can command wages upwards of $165,210.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $45,900 | $22.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $62,633 | $30.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $60,900 | $29.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $104,388 | $50.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $165,210 | $79.4 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$83,510
Gross Pay
Real Wage (Purchasing Power)
$83,510
Adjusted for COL (100)
In Decatur, AL, the Cost of Living Index is 100. This increases your effective purchasing power from $83,510 to $83,510.
Job Market Context
170
Total Jobs
2.808
Per 1K Jobs
1.49
Location Quotient
With a location quotient of 1.49, Decatur, AL has a slightly higher-than-average concentration of Loan Officers roles compared to the national norm.
170 people work as Loan Officers in Decatur, AL.
Moderate density — roughly 2.808 out of every 1,000 local jobs are in this profession.
Nearby Job Markets
Nearby Cities for Loan Officers
| City | Salary | Dist. |
|---|---|---|
| Huntsville, AL Loan Officers Salary | $81,730↓ 2% | 22 mi |
| Florence-Muscle Shoals, AL Loan Officers Salary | $75,010↓ 10% | 42 mi |
| Gadsden, AL Loan Officers Salary | $65,940↓ 21% | 68 mi |
| Birmingham, AL Loan Officers Salary | $79,250↓ 5% | 73 mi |
| East Tennessee nonmetropolitan area Loan Officers Salary | $73,580↓ 12% | 83 mi |
Comparing salaries near Decatur, AL
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Decatur, AL?
The median annual salary for a Loan Officers in Decatur, AL is $83,510. This typically ranges from $45,900 for entry-level positions to $165,210 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Decatur, AL is 3.1% lower than the national median of $86,220.
Is Decatur, AL a good place for Loan Officerss?
Yes, Decatur, AL is highly recommended due to strong job demand. While salaries are competitive ($83,510), the area is particularly notable for its high job density for Loan Officerss. See distinct detailed breakdown below.
Is Decatur, AL a good place to live for Loan Officers?
The Cost of Living Index in Decatur, AL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Decatur, AL?
Some top paying nearby cities include Huntsville, AL ($81,730) and Florence-Muscle Shoals, AL.
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 Decatur, AL area with a job density of 2.808 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 Decatur, AL