Average Loan Officers Salary in Dothan, AL
The average salary for Loan Officerss in Dothan, AL is $71,530. While this is lower than the national average, the cost of living in Dothan, AL may offset the difference, preserving real purchasing power. Notably, Dothan, AL is a key hub for this profession, with a job concentration 1.38x higher than average.
Executive Summary
- Average Salary: $71,530 per year.
- Growth Trend: Salaries have shifted 14.7% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $126,970.
- Outlook: The current demand for Loan Officerss is stable, with a local workforce of approximately 160 professionals. This role remains a specialized component of the broader Dothan, AL economy.
Salary Overview
The average Loan Officers in Dothan, AL earns-17.0%below the national average.
$34.4
$1,376
$5,961
Loan Officers Salary Trends (2020-2024)
Over the past 4 years, Loan Officers salaries in Dothan, AL have seen a slight adjustment of -14.7%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Loan Officers Salary Distribution in Dothan, AL
The earning potential for Loan Officerss in Dothan, AL varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 3.4x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $37,170, while highly experienced professionals can command wages upwards of $126,970.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,170 | $17.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $53,648 | $25.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $59,480 | $28.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $89,413 | $43 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $126,970 | $61 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$71,530
Gross Pay
Real Wage (Purchasing Power)
$71,530
Adjusted for COL (100)
In Dothan, AL, the Cost of Living Index is 100. This increases your effective purchasing power from $71,530 to $71,530.
Job Market Context
160
Total Jobs
2.607
Per 1K Jobs
1.38
Location Quotient
With a location quotient of 1.38, Dothan, AL has a slightly higher-than-average concentration of Loan Officers roles compared to the national norm.
160 people work as Loan Officers in Dothan, AL.
Moderate density — roughly 2.607 out of every 1,000 local jobs are in this profession.
Nearby Job Markets
Nearby Cities for Loan Officers
| City | Salary | Dist. |
|---|---|---|
| Panama City-Panama City Beach, FL Loan Officers Salary | $80,950↑ 13% | 72 mi |
| Albany, GA Loan Officers Salary | $78,140↑ 9% | 76 mi |
| Crestview-Fort Walton Beach-Destin, FL Loan Officers Salary | $74,790↑ 5% | 77 mi |
| Tallahassee, FL Loan Officers Salary | $72,760↑ 2% | 87 mi |
| Montgomery, AL Loan Officers Salary | $80,600↑ 13% | 92 mi |
Comparing salaries near Dothan, AL
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Dothan, AL?
The median annual salary for a Loan Officers in Dothan, AL is $71,530. This typically ranges from $37,170 for entry-level positions to $126,970 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Dothan, AL is 17.0% lower than the national median of $86,220.
Is Dothan, AL a good place for Loan Officerss?
Yes, Dothan, AL is highly recommended due to strong job demand. While salaries are competitive ($71,530), the area is particularly notable for its high job density for Loan Officerss. See distinct detailed breakdown below.
Is Dothan, AL a good place to live for Loan Officers?
The Cost of Living Index in Dothan, AL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Dothan, AL?
Some top paying nearby cities include Panama City-Panama City Beach, FL ($80,950) and Albany, GA.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 160 employees in the Dothan, AL area with a job density of 2.607 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 Dothan, AL