Average Loan Officers Salary in Hattiesburg, MS
Loan Officers in Hattiesburg, MS earn an average annual salary of $69,520. This figure is notably below the national average of $86,220, suggesting that local market dynamics, such as demand and the cost of doing business, play a significant role in compensation levels within this Mississippi city.
Executive Summary
- Average Salary: $69,520 per year.
- Growth Trend: Salaries have shifted 57.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $110,650.
- Outlook: With a local workforce of 200 Loan Officers, Hattiesburg presents a concentrated market. The Location Quotient of 1.72 indicates a significantly higher concentration of these professionals compared to the national average, suggesting a robust local demand or a specialization in this financial sector within the region.
Salary Overview
The average Loan Officers in Hattiesburg, MS earns-19.4%below the national average.
$33.4
$1,337
$5,793
Loan Officers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Loan Officers in Hattiesburg, MS, have experienced steady growth over the past four years, mirroring national trends of increasing financial sector compensation, albeit potentially at a different pace due to localized economic factors.
Loan Officers Salary Distribution in Hattiesburg, MS
The salary range for Loan Officers in Hattiesburg, MS, typically widens with experience. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with a proven track record can command salaries in the higher percentiles, reflecting increased responsibility, expertise, and client acquisition success.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $32,360 | $15.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $52,140 | $25.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $59,810 | $28.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $86,900 | $41.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $110,650 | $53.2 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$69,520
Gross Pay
Real Wage (Purchasing Power)
$69,520
Adjusted for COL (100)
The average annual salary of $69,520 in Hattiesburg aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Loan Officer's salary in Hattiesburg is equivalent to the national average, offering a stable financial standing relative to the rest of the country.
Job Market Context
200
Total Jobs
3.245
Per 1K Jobs
1.72
Location Quotient
Hattiesburg, MS has 1.7x the national concentration of Loan Officers jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
A Location Quotient of 1.72 signifies that Hattiesburg, MS, has a disproportionately high number of Loan Officers relative to its general workforce size when compared to the national average. This suggests a strong local industry presence or a specialized demand for mortgage and financial lending services in the area, making it a potentially competitive but opportunity-rich market.
Nearby Job Markets
Nearby Cities for Loan Officers
| City | Salary | Dist. |
|---|---|---|
| Gulfport-Biloxi, MS Loan Officers Salary | $60,340↓ 13% | 63 mi |
| Slidell-Mandeville-Covington, LA Loan Officers Salary | $75,250↑ 8% | 76 mi |
| Mobile, AL Loan Officers Salary | $75,620↑ 9% | 83 mi |
| Jackson, MS Loan Officers Salary | $76,320↑ 10% | 87 mi |
| Hammond, LA Loan Officers Salary | $63,180↓ 9% | 87 mi |
Comparing salaries near Hattiesburg, MS
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Hattiesburg, MS?
The median annual salary for a Loan Officers in Hattiesburg, MS is $69,520. This typically ranges from $32,360 for entry-level positions to $110,650 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Hattiesburg, MS is 19.4% lower than the national median of $86,220.
Is Hattiesburg, MS a lucrative place for Loan Officers?
Yes, with a caveat.While the average salary of $69,520 is below the national average, the high concentration of Loan Officers (LQ 1.72) and a cost of living at the national average (100) indicate a stable and potentially opportunity-filled market for skilled professionals.
Is Hattiesburg, MS a good place to live for Loan Officers?
The Cost of Living Index in Hattiesburg, MS is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Hattiesburg, MS?
Some top paying nearby cities include Gulfport-Biloxi, MS ($60,340) and Slidell-Mandeville-Covington, LA.
How does Hattiesburg's Loan Officer salary compare to the national average?
The average annual salary for Loan Officers in Hattiesburg, MS, is $69,520, which is lower than the national average of $86,220.
What does the Location Quotient of 1.72 mean for Loan Officers in Hattiesburg?
A Location Quotient of 1.72 indicates that Loan Officers are more concentrated in Hattiesburg, MS, than the national average, suggesting a higher demand or specialization in this field within the local economy.
How does the cost of living in Hattiesburg affect a Loan Officer's salary?
With a Cost of Living Index of 100, the national average, a Hattiesburg Loan Officer's salary of $69,520 has the same purchasing power as the national average salary.
What is the total number of Loan Officers in Hattiesburg, MS?
There are approximately 200 Loan Officers employed in Hattiesburg, MS.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 200 employees in the Hattiesburg, MS area with a job density of 3.245 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 Hattiesburg, MS