Average Loan Officers Salary in Deltona-Daytona Beach-Ormond Beach, FL
Loan Officers in the Deltona-Daytona Beach-Ormond Beach, FL area earn an impressive average annual salary of $92,230. This figure notably surpasses the national average of $86,220, indicating a localized premium for this financial expertise. The specific economic drivers and demand within this Florida region likely contribute to this elevated compensation.
Executive Summary
- Average Salary: $92,230 per year.
- Growth Trend: Salaries have shifted 13.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $167,910.
- Outlook: With a local workforce of 320 Loan Officers, the Deltona-Daytona Beach-Ormond Beach area demonstrates a stable, albeit not overwhelmingly concentrated, presence of this profession. The Location Quotient of 0.77 suggests that while the profession is present, it is slightly less concentrated than the national average, implying a steady demand that supports current salary levels without extreme competition.
Salary Overview
The average Loan Officers in Deltona-Daytona Beach-Ormond Beach, FL earns+7.0%above the national average.
$44.3
$1,774
$7,686
Loan Officers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Loan Officers in the Deltona-Daytona Beach-Ormond Beach, FL, have experienced consistent growth over the past four years, mirroring national trends. Economic expansion and evolving mortgage market dynamics typically drive upward salary adjustments for skilled financial professionals.
Loan Officers Salary Distribution in Deltona-Daytona Beach-Ormond Beach, FL
The salary trajectory for Loan Officers typically scales significantly with experience. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with proven track records and specialized skills can command salaries in the upper percentiles. These percentile gaps are a clear indicator of career progression and the increasing value placed on expertise within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $29,670 | $14.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $69,173 | $33.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $77,560 | $37.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $115,288 | $55.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $167,910 | $80.7 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$92,230
Gross Pay
Real Wage (Purchasing Power)
$92,230
Adjusted for COL (100)
For professionals considering a move to Deltona-Daytona Beach-Ormond Beach, FL, the nominal salary of $92,230 aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of a Loan Officer's salary in this area is equivalent to the national average, offering a stable financial foundation without the pressure of higher living expenses.
Job Market Context
320
Total Jobs
1.45
Per 1K Jobs
0.77
Location Quotient
Deltona-Daytona Beach-Ormond Beach, FL has 0.77x 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 of 0.77 for Loan Officers in Deltona-Daytona Beach-Ormond Beach, FL, indicates that this profession is slightly underrepresented compared to the national average. This suggests a potentially favorable market for job seekers, as demand may outpace the local supply of qualified professionals, potentially leading to competitive offers and stable employment opportunities.
Nearby Job Markets
Nearby Cities for Loan Officers
| City | Salary | Dist. |
|---|---|---|
| Orlando-Kissimmee-Sanford, FL Loan Officers Salary | $83,280↓ 10% | 27 mi |
| Ocala, FL Loan Officers Salary | $93,700↑ 2% | 60 mi |
| Palm Bay-Melbourne-Titusville, FL Loan Officers Salary | $82,870↓ 10% | 73 mi |
| Lakeland-Winter Haven, FL Loan Officers Salary | $95,430↑ 3% | 74 mi |
Comparing salaries near Deltona-Daytona Beach-Ormond Beach, FL
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Deltona-Daytona Beach-Ormond Beach, FL?
The median annual salary for a Loan Officers in Deltona-Daytona Beach-Ormond Beach, FL is $92,230. This typically ranges from $29,670 for entry-level positions to $167,910 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Deltona-Daytona Beach-Ormond Beach, FL is 7.0% higher than the national median of $86,220.
Is Deltona-Daytona Beach-Ormond Beach, FL a lucrative place for Loan Officers?
Yes, it is a lucrative place for Loan Officers.Loan Officers in this area earn above the national average salary, and the cost of living is on par with the national average, making it financially advantageous.
Is Deltona-Daytona Beach-Ormond Beach, FL a good place to live for Loan Officers?
The Cost of Living Index in Deltona-Daytona Beach-Ormond Beach, FL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Deltona-Daytona Beach-Ormond Beach, FL?
Some top paying nearby cities include Orlando-Kissimmee-Sanford, FL ($83,280) and Ocala, FL.
How does the local salary compare to the national average?
The average annual salary for Loan Officers in Deltona-Daytona Beach-Ormond Beach, FL, is $92,230, which is higher than the national average of $86,220.
What is the concentration of Loan Officers in this area?
The Location Quotient is 0.77, meaning the concentration of Loan Officers is slightly lower than the national average.
How does the cost of living affect the salary?
The Cost of Living Index is 100, matching the national average. This means the $92,230 salary has the same purchasing power as the national average salary.
What is the total number of Loan Officers in the area?
There are approximately 320 Loan Officers employed in the Deltona-Daytona Beach-Ormond Beach, FL metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 320 employees in the Deltona-Daytona Beach-Ormond Beach, FL area with a job density of 1.45 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 Deltona-Daytona Beach-Ormond Beach, FL