Average Loan Officers Salary in Killeen-Temple, TX
In Killeen-Temple, TX, Loan Officers can expect an average annual salary of $68,800. This figure is notably below the national average of $86,220, suggesting that local economic factors and demand dynamics play a significant role in compensation within this specific metropolitan area.
Executive Summary
- Average Salary: $68,800 per year.
- Growth Trend: Salaries have shifted 25.3% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $116,930.
- Outlook: The Killeen-Temple area supports a local workforce of 220 Loan Officers, with a jobs-per-1,000-workers ratio of 1.506. While the Location Quotient of 0.8 indicates a slightly lower concentration of these roles compared to the national average, the steady presence of professionals suggests a stable, albeit not hyper-concentrated, demand for loan officers in the region.
Salary Overview
The average Loan Officers in Killeen-Temple, TX earns-20.2%below the national average.
$33.1
$1,323
$5,733
Loan Officers Salary Trends (2020-2024)
While specific historical data for Killeen-Temple is not provided, it is generally observed that salaries for Loan Officers nationwide have experienced consistent growth over the past four years, driven by evolving financial markets and increased demand for lending services. It is reasonable to assume that Killeen-Temple has mirrored this trend to some extent, with potential for salary increases aligning with broader economic recovery and housing market activity.
Loan Officers Salary Distribution in Killeen-Temple, TX
Salary progression for Loan Officers in Killeen-Temple, as elsewhere, is typically tied to experience and performance. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with a proven track record and specialized skills can command salaries significantly higher, potentially reaching into the upper percentiles. These percentile gaps underscore the clear career progression and earning potential available within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $30,740 | $14.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $51,600 | $24.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $59,140 | $28.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $86,000 | $41.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $116,930 | $56.2 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$68,800
Gross Pay
Real Wage (Purchasing Power)
$68,800
Adjusted for COL (100)
With a Cost of Living Index of 100, Killeen-Temple, TX, is perfectly aligned with the national average. This means the average annual salary of $68,800 for Loan Officers offers purchasing power equivalent to the national median, providing a stable financial foundation for residents without the added pressure of above-average living expenses.
Job Market Context
220
Total Jobs
1.506
Per 1K Jobs
0.8
Location Quotient
Killeen-Temple, TX has 0.80x 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.
The Location Quotient of 0.8 for Loan Officers in Killeen-Temple suggests that the profession is slightly less concentrated here than the national average. This indicates a moderate level of competition and availability, meaning that while there are opportunities, the market is not oversaturated, potentially offering a balanced environment for job seekers and employers.
Nearby Job Markets
Nearby Cities for Loan Officers
| City | Salary | Dist. |
|---|---|---|
| North Region of Texas nonmetropolitan area Loan Officers Salary | $76,230↑ 11% | 10 mi |
| Northwestern Region of Texas nonmetropolitan area Loan Officers Salary | $78,060↑ 13% | 10 mi |
| Hill Country Region of Texas nonmetropolitan area Loan Officers Salary | $74,420↑ 8% | 10 mi |
| Coastal Plains Region of Texas nonmetropolitan area Loan Officers Salary | $84,630↑ 23% | 10 mi |
| Eastern Region of Texas nonmetropolitan area Loan Officers Salary | $80,160↑ 17% | 10 mi |
Comparing salaries near Killeen-Temple, TX
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Killeen-Temple, TX?
The median annual salary for a Loan Officers in Killeen-Temple, TX is $68,800. This typically ranges from $30,740 for entry-level positions to $116,930 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Killeen-Temple, TX is 20.2% lower than the national median of $86,220.
Is Killeen-Temple, TX a lucrative place for Loan Officers?
No, not more lucrative than the national average.The average salary of $68,800 is below the national average of $86,220, indicating less lucrative compensation. However, the cost of living is on par with the national average, making the salary's purchasing power comparable.
Is Killeen-Temple, TX a good place to live for Loan Officers?
The Cost of Living Index in Killeen-Temple, TX is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Killeen-Temple, TX?
Some top paying nearby cities include North Region of Texas nonmetropolitan area ($76,230) and Northwestern Region of Texas nonmetropolitan area.
How does the Killeen-Temple Loan Officer salary compare to the national average?
The average annual salary for Loan Officers in Killeen-Temple, TX, is $68,800, which is lower than the national average of $86,220.
What is the concentration of Loan Officers in Killeen-Temple, TX?
The concentration, measured by the Location Quotient, is 0.8, indicating that Loan Officers are slightly less prevalent in Killeen-Temple compared to the national average.
How does the cost of living in Killeen-Temple, TX affect the Loan Officer salary?
The cost of living in Killeen-Temple is exactly at the national average (100), meaning the $68,800 salary has equivalent purchasing power to the national median salary.
What is the total number of Loan Officers in Killeen-Temple, TX?
There are approximately 220 Loan Officers employed within the Killeen-Temple, TX metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 220 employees in the Killeen-Temple, TX area with a job density of 1.506 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 Killeen-Temple, TX