Average Loan Officers Salary in Hickory-Lenoir-Morganton, NC
The average salary for Loan Officerss in Hickory-Lenoir-Morganton, NC is $70,390. While this is lower than the national average, the cost of living in Hickory-Lenoir-Morganton, NC may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $70,390 per year.
- Growth Trend: Salaries have shifted 16.9% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $109,180.
- 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 Hickory-Lenoir-Morganton, NC economy.
Salary Overview
The average Loan Officers in Hickory-Lenoir-Morganton, NC earns-18.4%below the national average.
$33.8
$1,354
$5,866
Loan Officers Salary Trends (2020-2024)
Over the past 4 years, Loan Officers salaries in Hickory-Lenoir-Morganton, NC have seen a slight adjustment of -16.9%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Loan Officers Salary Distribution in Hickory-Lenoir-Morganton, NC
The earning potential for Loan Officerss in Hickory-Lenoir-Morganton, NC varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 2.9x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $37,960, while highly experienced professionals can command wages upwards of $109,180.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,960 | $18.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $52,793 | $25.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $60,860 | $29.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $87,988 | $42.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $109,180 | $52.5 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$70,390
Gross Pay
Real Wage (Purchasing Power)
$70,390
Adjusted for COL (100)
In Hickory-Lenoir-Morganton, NC, the Cost of Living Index is 100. This increases your effective purchasing power from $70,390 to $70,390.
Job Market Context
130
Total Jobs
0.832
Per 1K Jobs
0.44
Location Quotient
At 0.44x, Hickory-Lenoir-Morganton, NC has a notably lower concentration of Loan Officers jobs than the national average. Opportunities in this area are relatively scarce for this profession.
130 people work as Loan Officers in Hickory-Lenoir-Morganton, NC.
Only 0.832 out of every 1,000 local jobs are Loan Officers roles — this is a niche profession in the area.
Nearby Job Markets
Nearby Cities for Loan Officers
| City | Salary | Dist. |
|---|---|---|
| Charlotte-Concord-Gastonia, NC-SC Loan Officers Salary | $97,050↑ 38% | 45 mi |
| Spartanburg, SC Loan Officers Salary | $74,820↑ 6% | 65 mi |
| Winston-Salem, NC Loan Officers Salary | $77,970↑ 11% | 65 mi |
| Asheville, NC Loan Officers Salary | $88,950↑ 26% | 70 mi |
| Johnson City, TN Loan Officers Salary | $77,920↑ 11% | 72 mi |
Comparing salaries near Hickory-Lenoir-Morganton, NC
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Hickory-Lenoir-Morganton, NC?
The median annual salary for a Loan Officers in Hickory-Lenoir-Morganton, NC is $70,390. This typically ranges from $37,960 for entry-level positions to $109,180 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Hickory-Lenoir-Morganton, NC is 18.4% lower than the national median of $86,220.
Is Hickory-Lenoir-Morganton, NC a good place for Loan Officerss?
It depends on your priorities. While the average Loan Officers salary in Hickory-Lenoir-Morganton, NC is $70,390 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Hickory-Lenoir-Morganton, NC. See distinct detailed breakdown below.
Is Hickory-Lenoir-Morganton, NC a good place to live for Loan Officers?
The Cost of Living Index in Hickory-Lenoir-Morganton, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Hickory-Lenoir-Morganton, NC?
Some top paying nearby cities include Charlotte-Concord-Gastonia, NC-SC ($97,050) and Spartanburg, SC.
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 Hickory-Lenoir-Morganton, NC area with a job density of 0.832 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 Hickory-Lenoir-Morganton, NC