Average Loan Officers Salary in Glens Falls, NY
Yes, Glens Falls, NY is a highly lucrative market for Loan Officerss. With an average annual salary of $96,420, professionals here earn significantly more than the national norm.
Executive Summary
- Average Salary: $96,420 per year.
- Growth Trend: Salaries have shifted 36.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $176,210.
- Outlook: The current demand for Loan Officerss is stable, with a local workforce of approximately 50 professionals. This role remains a specialized component of the broader Glens Falls, NY economy.
Salary Overview
The average Loan Officers in Glens Falls, NY earns+11.8%above the national average.
$46.4
$1,854
$8,035
Loan Officers Salary Trends (2020-2024)
Over the past 4 years, Loan Officers salaries in Glens Falls, NY have experienced a rapid surge, growing by 36.9%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Loan Officers Salary Distribution in Glens Falls, NY
The earning potential for Loan Officerss in Glens Falls, NY varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 3.6x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $49,210, while highly experienced professionals can command wages upwards of $176,210.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $49,210 | $23.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $72,315 | $34.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $77,250 | $37.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $120,525 | $57.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $176,210 | $84.7 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$96,420
Gross Pay
Real Wage (Purchasing Power)
$96,420
Adjusted for COL (100)
In Glens Falls, NY, the Cost of Living Index is 100. This increases your effective purchasing power from $96,420 to $96,420.
Job Market Context
50
Total Jobs
1.048
Per 1K Jobs
0.56
Location Quotient
Glens Falls, NY has 0.56x 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.
50 people work as Loan Officers in Glens Falls, NY.
1.048 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. |
|---|---|---|
| Albany-Schenectady-Troy, NY Loan Officers Salary | $102,720↑ 7% | 45 mi |
| Pittsfield, MA Loan Officers Salary | $98,940↑ 3% | 62 mi |
| Northern Vermont nonmetropolitan area Loan Officers Salary | $104,700↑ 9% | 69 mi |
| Southern Vermont nonmetropolitan area Loan Officers Salary | $96,700↑ 0% | 69 mi |
| Utica-Rome, NY Loan Officers Salary | $77,770↓ 19% | 81 mi |
Comparing salaries near Glens Falls, NY
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Glens Falls, NY?
The median annual salary for a Loan Officers in Glens Falls, NY is $96,420. This typically ranges from $49,210 for entry-level positions to $176,210 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Glens Falls, NY is 11.8% higher than the national median of $86,220.
Is Glens Falls, NY a good place for Loan Officerss?
Yes, Glens Falls, NY is financially attractive for Loan Officerss. The average salary of $96,420 exceeds the national average. See distinct detailed breakdown below.
Is Glens Falls, NY a good place to live for Loan Officers?
The Cost of Living Index in Glens Falls, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Glens Falls, NY?
Some top paying nearby cities include Albany-Schenectady-Troy, NY ($102,720) and Pittsfield, MA.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 50 employees in the Glens Falls, NY area with a job density of 1.048 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 Glens Falls, NY