Average Loan Officers Salary in Harrisonburg, VA
The average salary for a Loan Officers in Harrisonburg, VA is $86,410. This compensation is in line with national standards, reflecting a balanced and stable local job market.
Executive Summary
- Average Salary: $86,410 per year.
- Growth Trend: Salaries have shifted 62.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $177,120.
- Outlook: The current demand for Loan Officerss is stable, with a local workforce of approximately 90 professionals. This role remains a specialized component of the broader Harrisonburg, VA economy.
Salary Overview
The average Loan Officers in Harrisonburg, VA earns+0.2%above the national average.
$41.5
$1,662
$7,201
Loan Officers Salary Trends (2020-2024)
Over the past 4 years, Loan Officers salaries in Harrisonburg, VA have experienced a rapid surge, growing by 62.3%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Loan Officers Salary Distribution in Harrisonburg, VA
The earning potential for Loan Officerss in Harrisonburg, VA varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 4.8x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $37,270, while highly experienced professionals can command wages upwards of $177,120.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,270 | $17.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $64,808 | $31.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $66,890 | $32.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $108,013 | $51.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $177,120 | $85.2 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$86,410
Gross Pay
Real Wage (Purchasing Power)
$86,410
Adjusted for COL (100)
In Harrisonburg, VA, the Cost of Living Index is 100. This increases your effective purchasing power from $86,410 to $86,410.
Job Market Context
90
Total Jobs
1.333
Per 1K Jobs
0.71
Location Quotient
Harrisonburg, VA has 0.71x 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.
90 people work as Loan Officers in Harrisonburg, VA.
1.333 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. |
|---|---|---|
| Staunton-Stuarts Draft, VA Loan Officers Salary | $75,310↓ 13% | 22 mi |
| Charlottesville, VA Loan Officers Salary | $68,310↓ 21% | 35 mi |
| Southside Virginia nonmetropolitan area Loan Officers Salary | $81,430↓ 6% | 60 mi |
| Northern West Virginia nonmetropolitan area Loan Officers Salary | $63,250↓ 27% | 60 mi |
| Southwest Virginia nonmetropolitan area Loan Officers Salary | $89,290↑ 3% | 60 mi |
Comparing salaries near Harrisonburg, VA
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Harrisonburg, VA?
The median annual salary for a Loan Officers in Harrisonburg, VA is $86,410. This typically ranges from $37,270 for entry-level positions to $177,120 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Harrisonburg, VA is 0.2% higher than the national median of $86,220.
Is Harrisonburg, VA a good place for Loan Officerss?
Yes, Harrisonburg, VA is financially attractive for Loan Officerss. The average salary of $86,410 exceeds the national average. See distinct detailed breakdown below.
Is Harrisonburg, VA a good place to live for Loan Officers?
The Cost of Living Index in Harrisonburg, VA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Harrisonburg, VA?
Some top paying nearby cities include Staunton-Stuarts Draft, VA ($75,310) and Charlottesville, VA.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 90 employees in the Harrisonburg, VA area with a job density of 1.333 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 Harrisonburg, VA