Average Loan Officers Salary in Fresno, CA
Loan Officers in Fresno, CA earn an average annual salary of $86,570, a figure that closely aligns with the national average of $86,220. This parity suggests that while Fresno's market may not offer a significant premium over the national benchmark, it provides a stable compensation environment for these financial professionals. Local economic factors and demand within the Central Valley likely contribute to this equilibrium.
Executive Summary
- Average Salary: $86,570 per year.
- Growth Trend: Salaries have shifted 9.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $165,520.
- Outlook: With a total local workforce of 460 Loan Officers, Fresno presents a moderately sized employment pool. The Location Quotient of 0.52 indicates that this profession is less concentrated in Fresno compared to the national average, suggesting a potentially less saturated but also less specialized market. While not a hub of high concentration, the steady presence of nearly one job per thousand workers signifies consistent, albeit not explosive, demand.
Salary Overview
The average Loan Officers in Fresno, CA earns+0.4%above the national average.
$41.6
$1,665
$7,214
Loan Officers Salary Trends (2020-2024)
While specific historical data for Fresno Loan Officers is not provided, it's reasonable to assume a general trend of salary growth over the past four years, mirroring national patterns. Economic fluctuations, interest rate changes, and evolving housing market dynamics typically influence compensation, leading to incremental increases or adjustments in pay for Loan Officers seeking to remain competitive.
Loan Officers Salary Distribution in Fresno, CA
The career trajectory for Loan Officers in Fresno, CA, typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with a proven track record and extensive client networks can command salaries well into the upper percentiles. These percentile gaps are crucial indicators of career progression and earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $34,560 | $16.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $64,928 | $31.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $73,140 | $35.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $108,213 | $52 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $165,520 | $79.6 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$86,570
Gross Pay
Real Wage (Purchasing Power)
$86,570
Adjusted for COL (100)
The average annual salary of $86,570 in Fresno, CA, is perfectly balanced by its Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Loan Officer's salary in Fresno is equivalent to the national standard, offering no significant advantage or disadvantage in terms of real income compared to the rest of the country.
Job Market Context
460
Total Jobs
0.973
Per 1K Jobs
0.52
Location Quotient
Fresno, CA has 0.52x 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.
A Location Quotient of 0.52 for Loan Officers in Fresno signifies that the profession is less concentrated locally than the national average. This suggests that while there is a consistent demand for Loan Officers, the market is not saturated, potentially offering more opportunities for skilled professionals to establish themselves without facing intense competition from a disproportionately large number of peers.
Nearby Job Markets
Nearby Cities for Loan Officers
| City | Salary | Dist. |
|---|---|---|
| Visalia, CA Loan Officers Salary | $74,420↓ 14% | 41 mi |
| North Coast Region of California nonmetropolitan area Loan Officers Salary | $93,590↑ 8% | 46 mi |
| North Valley-Northern Mountains Region of California nonmetropolitan area Loan Officers Salary | $82,810↓ 4% | 46 mi |
Comparing salaries near Fresno, CA
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Fresno, CA?
The median annual salary for a Loan Officers in Fresno, CA is $86,570. This typically ranges from $34,560 for entry-level positions to $165,520 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Fresno, CA is 0.4% higher than the national median of $86,220.
Is Fresno, CA a lucrative place for Loan Officers?
No, not significantly more lucrative than the national average.Loan Officers in Fresno earn an average salary that is virtually identical to the national average, and the cost of living is also at the national average. This indicates a stable but not exceptionally high-earning market.
Is Fresno, CA a good place to live for Loan Officers?
The Cost of Living Index in Fresno, CA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Fresno, CA?
Some top paying nearby cities include Visalia, CA ($74,420) and North Coast Region of California nonmetropolitan area.
How does Fresno's Loan Officer market compare to the national average in terms of job concentration?
Fresno's market is less concentrated, with a Location Quotient of 0.52, meaning there are fewer Loan Officers per capita compared to the national average.
What is the total number of Loan Officers employed in Fresno, CA?
There are approximately 460 Loan Officers employed in Fresno, CA, contributing to the local financial services sector.
Does experience significantly impact a Loan Officer's salary in Fresno?
Yes, like most financial roles, experience is a key driver of salary for Loan Officers in Fresno, with senior professionals earning considerably more than entry-level staff.
What does a Cost of Living Index of 100 mean for Fresno?
A Cost of Living Index of 100 means that Fresno's cost of living is exactly the same as the national average, making the $86,570 salary's purchasing power equivalent to the national median.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 460 employees in the Fresno, CA area with a job density of 0.973 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 Fresno, CA