Average Loan Officers Salary in Jacksonville, FL
Loan Officers in Jacksonville, FL, earn an average annual salary of $82,580. This figure is slightly below the national average of $86,220, suggesting a localized compensation structure influenced by regional economic factors and market demand. While the nominal pay is close to the national benchmark, understanding the local economic landscape is key to appreciating this salary.
Executive Summary
- Average Salary: $82,580 per year.
- Growth Trend: Salaries have shifted 24.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $131,370.
- Outlook: Jacksonville boasts a robust job market for Loan Officers, evidenced by a total local workforce of 2,360 professionals. The Location Quotient (LQ) of 1.65 indicates a significantly higher concentration of these roles compared to the national average, signaling strong local demand and a well-established industry presence.
Salary Overview
The average Loan Officers in Jacksonville, FL earns-4.2%below the national average.
$39.7
$1,588
$6,882
Loan Officers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Loan Officers in Jacksonville have experienced steady growth over the past four years, mirroring national trends. Factors such as evolving mortgage regulations, interest rate fluctuations, and the overall health of the housing market likely contribute to incremental increases in compensation for experienced professionals.
Loan Officers Salary Distribution in Jacksonville, FL
Career progression for Loan Officers in Jacksonville typically correlates with a significant salary increase. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with extensive experience and a proven track record can command salaries well above the average. The percentile gaps in earnings clearly delineate these stages of career advancement and earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,290 | $18.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $61,935 | $29.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $72,030 | $34.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $103,225 | $49.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $131,370 | $63.2 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$82,580
Gross Pay
Real Wage (Purchasing Power)
$82,580
Adjusted for COL (100)
The average annual salary of $82,580 for Loan Officers in Jacksonville 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 Jacksonville is equivalent to the national average, offering a stable financial standing relative to the cost of goods and services.
Job Market Context
2,360
Total Jobs
3.115
Per 1K Jobs
1.65
Location Quotient
Jacksonville, FL has 1.6x 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.
With a Location Quotient of 1.65, Jacksonville presents a market where Loan Officers are more concentrated than the national average. This suggests a competitive yet abundant job market, where demand is notably higher than the typical U.S. city, potentially offering more opportunities for skilled professionals but also indicating a healthy pool of talent.
Nearby Job Markets
Nearby Cities for Loan Officers
| City | Salary | Dist. |
|---|---|---|
| Brunswick-St. Simons, GA Loan Officers Salary | $91,790↑ 11% | 57 mi |
| Gainesville, FL Loan Officers Salary | $84,020↑ 2% | 60 mi |
| Ocala, FL Loan Officers Salary | $93,700↑ 13% | 85 mi |
Comparing salaries near Jacksonville, FL
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Jacksonville, FL?
The median annual salary for a Loan Officers in Jacksonville, FL is $82,580. This typically ranges from $38,290 for entry-level positions to $131,370 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Jacksonville, FL is 4.2% lower than the national median of $86,220.
Is Jacksonville, FL a lucrative place for Loan Officers?
Yes, it is a competitive place for Loan Officers.Jacksonville offers a strong concentration of Loan Officer roles (LQ of 1.65) and a stable cost of living matching the national average. While the average salary is slightly below the national benchmark, the robust local market indicates good earning potential.
Is Jacksonville, FL a good place to live for Loan Officers?
The Cost of Living Index in Jacksonville, FL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Jacksonville, FL?
Some top paying nearby cities include Brunswick-St. Simons, GA ($91,790) and Gainesville, FL.
How does Jacksonville's Loan Officer salary compare to the national average?
The average annual salary for Loan Officers in Jacksonville, FL, is $82,580, which is slightly lower than the national average of $86,220.
What does the Location Quotient (LQ) of 1.65 mean for Loan Officers in Jacksonville?
An LQ of 1.65 signifies that Loan Officers are 65% more concentrated in Jacksonville compared to the national average, indicating a strong local demand and industry presence.
How does the cost of living in Jacksonville affect the Loan Officer salary?
Jacksonville's Cost of Living Index is 100, matching the national average. This means the $82,580 salary has the same purchasing power as the national average salary, offering a balanced financial environment.
What is the total number of Loan Officers employed in Jacksonville?
There are approximately 2,360 Loan Officers employed in Jacksonville, FL, contributing to a significant local workforce in this profession.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,360 employees in the Jacksonville, FL area with a job density of 3.115 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Loan Officers Salaries by State
Top Jobs in Jacksonville, FL
- All Occupations Salary in Jacksonville, FL
- Office and Administrative Support Occupations Salary in Jacksonville, FL
- Transportation and Material Moving Occupations Salary in Jacksonville, FL
- Sales and Related Occupations Salary in Jacksonville, FL
- Food Preparation and Serving Related Occupations Salary in Jacksonville, FL
- Business and Financial Operations Occupations Salary in Jacksonville, FL
- Healthcare Practitioners and Technical Occupations Salary in Jacksonville, FL
- Management Occupations Salary in Jacksonville, FL
- Construction and Extraction Occupations Salary in Jacksonville, FL
- Educational Instruction and Library Occupations Salary in Jacksonville, FL
- Browse All Jobs in Jacksonville, FL →
Semantic Salary Analysis for Loan Officers • Data source: BLS OEWS 2024 •Jobs in Jacksonville, FL