Average Loan Officers Salary in Dover, DE
The average salary for a Loan Officers in Dover, DE is $78,320. This compensation is in line with national standards, reflecting a balanced and stable local job market.
Executive Summary
- Average Salary: $78,320 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $122,540.
- Outlook: The current demand for Loan Officerss is stable, with a local workforce of approximately 130 professionals. This role remains a specialized component of the broader Dover, DE economy.
Salary Overview
The average Loan Officers in Dover, DE earns-9.2%below the national average.
$37.7
$1,506
$6,527
Loan Officers Salary Trends (2020-2024)
Historical trend data for Loan Officers in Dover, DE is limited, but current market signals indicate a stable demand environment.
Loan Officers Salary Distribution in Dover, DE
The earning potential for Loan Officerss in Dover, DE varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 3.1x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $39,420, while highly experienced professionals can command wages upwards of $122,540.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $39,420 | $19 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $58,740 | $28.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $72,790 | $35 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $97,900 | $47.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $122,540 | $58.9 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$78,320
Gross Pay
Real Wage (Purchasing Power)
$78,320
Adjusted for COL (100)
In Dover, DE, the Cost of Living Index is 100. This increases your effective purchasing power from $78,320 to $78,320.
Job Market Context
130
Total Jobs
1.908
Per 1K Jobs
1.01
Location Quotient
With a location quotient of 1.01, Dover, DE has a slightly higher-than-average concentration of Loan Officers roles compared to the national norm.
130 people work as Loan Officers in Dover, DE.
1.908 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. |
|---|---|---|
| Sussex Delaware nonmetropolitan area Loan Officers Salary | $90,580↑ 16% | 11 mi |
| Vineland, NJ Loan Officers Salary | $90,860↑ 16% | 35 mi |
| Salisbury, MD Loan Officers Salary | $74,920↓ 4% | 54 mi |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Loan Officers Salary | $83,500↑ 7% | 58 mi |
| Atlantic City-Hammonton, NJ Loan Officers Salary | $92,000↑ 17% | 59 mi |
Comparing salaries near Dover, DE
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Dover, DE?
The median annual salary for a Loan Officers in Dover, DE is $78,320. This typically ranges from $39,420 for entry-level positions to $122,540 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Dover, DE is 9.2% lower than the national median of $86,220.
Is Dover, DE a good place for Loan Officerss?
It depends on your priorities. While the average Loan Officers salary in Dover, DE is $78,320 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Dover, DE. See distinct detailed breakdown below.
Is Dover, DE a good place to live for Loan Officers?
The Cost of Living Index in Dover, DE is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Dover, DE?
Some top paying nearby cities include Sussex Delaware nonmetropolitan area ($90,580) and Vineland, NJ.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 130 employees in the Dover, DE area with a job density of 1.908 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 Dover, DE