Average Loan Officers Salary in Janesville-Beloit, WI
The average salary for a Loan Officers in Janesville-Beloit, WI is $87,480. This compensation is in line with national standards, reflecting a balanced and stable local job market.
Executive Summary
- Average Salary: $87,480 per year.
- Growth Trend: Salaries have shifted 38.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $148,670.
- Outlook: The current demand for Loan Officerss is stable, with a local workforce of approximately 110 professionals. This role remains a specialized component of the broader Janesville-Beloit, WI economy.
Salary Overview
The average Loan Officers in Janesville-Beloit, WI earns+1.5%above the national average.
$42.1
$1,682
$7,290
Loan Officers Salary Trends (2020-2024)
Over the past 4 years, Loan Officers salaries in Janesville-Beloit, WI have experienced a rapid surge, growing by 38.5%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Loan Officers Salary Distribution in Janesville-Beloit, WI
The earning potential for Loan Officerss in Janesville-Beloit, WI 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 $51,050, while highly experienced professionals can command wages upwards of $148,670.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $51,050 | $24.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $65,610 | $31.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $78,380 | $37.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $109,350 | $52.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $148,670 | $71.5 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$87,480
Gross Pay
Real Wage (Purchasing Power)
$87,480
Adjusted for COL (100)
In Janesville-Beloit, WI, the Cost of Living Index is 100. This increases your effective purchasing power from $87,480 to $87,480.
Job Market Context
110
Total Jobs
1.549
Per 1K Jobs
0.82
Location Quotient
Janesville-Beloit, WI has 0.82x 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.
110 people work as Loan Officers in Janesville-Beloit, WI.
1.549 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. |
|---|---|---|
| Rockford, IL Loan Officers Salary | $75,880↓ 13% | 30 mi |
| Madison, WI Loan Officers Salary | $92,560↑ 6% | 33 mi |
| Kenosha, WI Loan Officers Salary | $87,450↓ 0% | 58 mi |
| Milwaukee-Waukesha, WI Loan Officers Salary | $93,700↑ 7% | 59 mi |
| Racine-Mount Pleasant, WI Loan Officers Salary | $86,170↓ 1% | 61 mi |
Comparing salaries near Janesville-Beloit, WI
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Janesville-Beloit, WI?
The median annual salary for a Loan Officers in Janesville-Beloit, WI is $87,480. This typically ranges from $51,050 for entry-level positions to $148,670 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Janesville-Beloit, WI is 1.5% higher than the national median of $86,220.
Is Janesville-Beloit, WI a good place for Loan Officerss?
Yes, Janesville-Beloit, WI is financially attractive for Loan Officerss. The average salary of $87,480 exceeds the national average. See distinct detailed breakdown below.
Is Janesville-Beloit, WI a good place to live for Loan Officers?
The Cost of Living Index in Janesville-Beloit, WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Janesville-Beloit, WI?
Some top paying nearby cities include Rockford, IL ($75,880) and Madison, WI.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 110 employees in the Janesville-Beloit, WI area with a job density of 1.549 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 Janesville-Beloit, WI