Average Loan Officers Salary in Hot Springs, AR
The average salary for a Loan Officers in Hot Springs, AR is $82,350. This compensation is in line with national standards, reflecting a balanced and stable local job market. Notably, Hot Springs, AR is a key hub for this profession, with a job concentration 1.24x higher than average.
Executive Summary
- Average Salary: $82,350 per year.
- Growth Trend: Salaries have shifted 12.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $128,630.
- 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 Hot Springs, AR economy.
Salary Overview
The average Loan Officers in Hot Springs, AR earns-4.5%below the national average.
$39.6
$1,584
$6,863
Loan Officers Salary Trends (2020-2024)
Over the past 4 years, Loan Officers salaries in Hot Springs, AR have shown healthy growth of 12.4%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Loan Officers Salary Distribution in Hot Springs, AR
The earning potential for Loan Officerss in Hot Springs, AR varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 3.3x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $39,570, while highly experienced professionals can command wages upwards of $128,630.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $39,570 | $19 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $61,763 | $29.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $78,460 | $37.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $102,938 | $49.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $128,630 | $61.8 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$82,350
Gross Pay
Real Wage (Purchasing Power)
$82,350
Adjusted for COL (100)
In Hot Springs, AR, the Cost of Living Index is 100. This increases your effective purchasing power from $82,350 to $82,350.
Job Market Context
90
Total Jobs
2.336
Per 1K Jobs
1.24
Location Quotient
With a location quotient of 1.24, Hot Springs, AR has a slightly higher-than-average concentration of Loan Officers roles compared to the national norm.
90 people work as Loan Officers in Hot Springs, AR.
Moderate density — roughly 2.336 out of every 1,000 local jobs are in this profession.
Nearby Job Markets
Nearby Cities for Loan Officers
| City | Salary | Dist. |
|---|---|---|
| Little Rock-North Little Rock-Conway, AR Loan Officers Salary | $80,050↓ 3% | 43 mi |
| South Arkansas nonmetropolitan area Loan Officers Salary | $81,220↓ 1% | 51 mi |
| North Arkansas nonmetropolitan area Loan Officers Salary | $80,330↓ 2% | 51 mi |
| West Arkansas nonmetropolitan area Loan Officers Salary | $74,350↓ 10% | 51 mi |
| East Arkansas nonmetropolitan area Loan Officers Salary | $83,690↑ 2% | 51 mi |
Comparing salaries near Hot Springs, AR
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Hot Springs, AR?
The median annual salary for a Loan Officers in Hot Springs, AR is $82,350. This typically ranges from $39,570 for entry-level positions to $128,630 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Hot Springs, AR is 4.5% lower than the national median of $86,220.
Is Hot Springs, AR a good place for Loan Officerss?
Yes, Hot Springs, AR is highly recommended due to strong job demand. While salaries are competitive ($82,350), the area is particularly notable for its high job density for Loan Officerss. See distinct detailed breakdown below.
Is Hot Springs, AR a good place to live for Loan Officers?
The Cost of Living Index in Hot Springs, AR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Hot Springs, AR?
Some top paying nearby cities include Little Rock-North Little Rock-Conway, AR ($80,050) and South Arkansas nonmetropolitan area.
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 Hot Springs, AR area with a job density of 2.336 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 Hot Springs, AR