Average Loan Officers Salary in Jonesboro, AR
The average salary for a Loan Officers in Jonesboro, AR is $84,860. This compensation is in line with national standards, reflecting a balanced and stable local job market.
Executive Summary
- Average Salary: $84,860 per year.
- Growth Trend: Salaries have shifted 11.4% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $127,990.
- Outlook: The current demand for Loan Officerss is stable, with a local workforce of approximately 100 professionals. This role remains a specialized component of the broader Jonesboro, AR economy.
Salary Overview
The average Loan Officers in Jonesboro, AR earns-1.6%below the national average.
$40.8
$1,632
$7,072
Loan Officers Salary Trends (2020-2024)
Over the past 4 years, Loan Officers salaries in Jonesboro, AR have seen a slight adjustment of -11.4%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Loan Officers Salary Distribution in Jonesboro, AR
The earning potential for Loan Officerss in Jonesboro, AR varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 3.2x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $40,020, while highly experienced professionals can command wages upwards of $127,990.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $40,020 | $19.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $63,645 | $30.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $74,740 | $35.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $106,075 | $51 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $127,990 | $61.5 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$84,860
Gross Pay
Real Wage (Purchasing Power)
$84,860
Adjusted for COL (100)
In Jonesboro, AR, the Cost of Living Index is 100. This increases your effective purchasing power from $84,860 to $84,860.
Job Market Context
100
Total Jobs
1.631
Per 1K Jobs
0.87
Location Quotient
Jonesboro, AR has 0.87x 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.
100 people work as Loan Officers in Jonesboro, AR.
1.631 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. |
|---|---|---|
| Memphis, TN-MS-AR Loan Officers Salary | $76,130↓ 10% | 64 mi |
Comparing salaries near Jonesboro, AR
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Jonesboro, AR?
The median annual salary for a Loan Officers in Jonesboro, AR is $84,860. This typically ranges from $40,020 for entry-level positions to $127,990 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Jonesboro, AR is 1.6% lower than the national median of $86,220.
Is Jonesboro, AR a good place for Loan Officerss?
It depends on your priorities. While the average Loan Officers salary in Jonesboro, AR is $84,860 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Jonesboro, AR. See distinct detailed breakdown below.
Is Jonesboro, AR a good place to live for Loan Officers?
The Cost of Living Index in Jonesboro, AR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Jonesboro, AR?
Some top paying nearby cities include Memphis, TN-MS-AR ($76,130) and others.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 100 employees in the Jonesboro, AR area with a job density of 1.631 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 Jonesboro, AR