Average Loan Officers Salary in Elizabethtown, KY
The average salary for a Loan Officers in Elizabethtown, KY is $78,910. This compensation is in line with national standards, reflecting a balanced and stable local job market. Notably, Elizabethtown, KY is a key hub for this profession, with a job concentration 1.32x higher than average.
Executive Summary
- Average Salary: $78,910 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $127,250.
- 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 Elizabethtown, KY economy.
Salary Overview
The average Loan Officers in Elizabethtown, KY earns-8.5%below the national average.
$37.9
$1,518
$6,576
Loan Officers Salary Trends (2020-2024)
Historical trend data for Loan Officers in Elizabethtown, KY is limited, but current market signals indicate a stable demand environment.
Loan Officers Salary Distribution in Elizabethtown, KY
The earning potential for Loan Officerss in Elizabethtown, KY varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 3.7x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $34,220, while highly experienced professionals can command wages upwards of $127,250.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $34,220 | $16.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $59,183 | $28.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $76,030 | $36.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $98,638 | $47.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $127,250 | $61.2 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$78,910
Gross Pay
Real Wage (Purchasing Power)
$78,910
Adjusted for COL (100)
In Elizabethtown, KY, the Cost of Living Index is 100. This increases your effective purchasing power from $78,910 to $78,910.
Job Market Context
130
Total Jobs
2.49
Per 1K Jobs
1.32
Location Quotient
With a location quotient of 1.32, Elizabethtown, KY has a slightly higher-than-average concentration of Loan Officers roles compared to the national norm.
130 people work as Loan Officers in Elizabethtown, KY.
Moderate density — roughly 2.49 out of every 1,000 local jobs are in this profession.
Nearby Job Markets
Nearby Cities for Loan Officers
| City | Salary | Dist. |
|---|---|---|
| Louisville/Jefferson County, KY-IN Loan Officers Salary | $77,620↓ 2% | 39 mi |
| Bowling Green, KY Loan Officers Salary | $88,750↑ 12% | 59 mi |
| Central Kentucky nonmetropolitan area Loan Officers Salary | $70,760↓ 10% | 66 mi |
| South Central Kentucky nonmetropolitan area Loan Officers Salary | $72,420↓ 8% | 66 mi |
| West Kentucky nonmetropolitan area Loan Officers Salary | $82,490↑ 5% | 66 mi |
Comparing salaries near Elizabethtown, KY
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Elizabethtown, KY?
The median annual salary for a Loan Officers in Elizabethtown, KY is $78,910. This typically ranges from $34,220 for entry-level positions to $127,250 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Elizabethtown, KY is 8.5% lower than the national median of $86,220.
Is Elizabethtown, KY a good place for Loan Officerss?
Yes, Elizabethtown, KY is highly recommended due to strong job demand. While salaries are competitive ($78,910), the area is particularly notable for its high job density for Loan Officerss. See distinct detailed breakdown below.
Is Elizabethtown, KY a good place to live for Loan Officers?
The Cost of Living Index in Elizabethtown, KY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Elizabethtown, KY?
Some top paying nearby cities include Louisville/Jefferson County, KY-IN ($77,620) and Bowling Green, KY.
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 Elizabethtown, KY area with a job density of 2.49 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 Elizabethtown, KY