Average Loan Officers Salary in Kingston, NY
The average salary for a Loan Officers in Kingston, NY is $89,940. This compensation is in line with national standards, reflecting a balanced and stable local job market.
Executive Summary
- Average Salary: $89,940 per year.
- Growth Trend: Salaries have shifted 13.3% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $161,840.
- Outlook: The current demand for Loan Officerss is stable, with a local workforce of approximately 70 professionals. This role remains a specialized component of the broader Kingston, NY economy.
Salary Overview
The average Loan Officers in Kingston, NY earns+4.3%above the national average.
$43.2
$1,730
$7,495
Loan Officers Salary Trends (2020-2024)
Over the past 4 years, Loan Officers salaries in Kingston, NY have seen a slight adjustment of -13.3%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Loan Officers Salary Distribution in Kingston, NY
The earning potential for Loan Officerss in Kingston, NY varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 3.9x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $41,510, while highly experienced professionals can command wages upwards of $161,840.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $41,510 | $20 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $67,455 | $32.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $77,980 | $37.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $112,425 | $54.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $161,840 | $77.8 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$89,940
Gross Pay
Real Wage (Purchasing Power)
$89,940
Adjusted for COL (100)
In Kingston, NY, the Cost of Living Index is 100. This increases your effective purchasing power from $89,940 to $89,940.
Job Market Context
70
Total Jobs
1.154
Per 1K Jobs
0.61
Location Quotient
Kingston, NY has 0.61x 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.
70 people work as Loan Officers in Kingston, NY.
1.154 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. |
|---|---|---|
| Kiryas Joel-Poughkeepsie-Newburgh, NY Loan Officers Salary | $100,810↑ 12% | 42 mi |
| Southwest New York nonmetropolitan area Loan Officers Salary | $81,270↓ 10% | 51 mi |
| Central East New York nonmetropolitan area Loan Officers Salary | $90,670↑ 1% | 51 mi |
| Capital/Northern New York nonmetropolitan area Loan Officers Salary | $82,470↓ 8% | 51 mi |
| Albany-Schenectady-Troy, NY Loan Officers Salary | $102,720↑ 14% | 52 mi |
Comparing salaries near Kingston, NY
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Kingston, NY?
The median annual salary for a Loan Officers in Kingston, NY is $89,940. This typically ranges from $41,510 for entry-level positions to $161,840 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Kingston, NY is 4.3% higher than the national median of $86,220.
Is Kingston, NY a good place for Loan Officerss?
Yes, Kingston, NY is financially attractive for Loan Officerss. The average salary of $89,940 exceeds the national average. See distinct detailed breakdown below.
Is Kingston, NY a good place to live for Loan Officers?
The Cost of Living Index in Kingston, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Kingston, NY?
Some top paying nearby cities include Kiryas Joel-Poughkeepsie-Newburgh, NY ($100,810) and Southwest New York 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 70 employees in the Kingston, NY area with a job density of 1.154 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 Kingston, NY