Average Loan Officers Salary in Lake Charles, LA
The average salary for Loan Officerss in Lake Charles, LA is $66,930. While this is lower than the national average, the cost of living in Lake Charles, LA may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $66,930 per year.
- Growth Trend: Salaries have shifted 11.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $135,450.
- Outlook: The current demand for Loan Officerss is stable, with a local workforce of approximately 180 professionals. This role remains a specialized component of the broader Lake Charles, LA economy.
Salary Overview
The average Loan Officers in Lake Charles, LA earns-22.4%below the national average.
$32.2
$1,287
$5,578
Loan Officers Salary Trends (2020-2024)
Over the past 4 years, Loan Officers salaries in Lake Charles, LA have shown healthy growth of 11.7%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Loan Officers Salary Distribution in Lake Charles, LA
The earning potential for Loan Officerss in Lake Charles, LA varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 5.1x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $26,350, while highly experienced professionals can command wages upwards of $135,450.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $26,350 | $12.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $50,198 | $24.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $49,720 | $23.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $83,663 | $40.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $135,450 | $65.1 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$66,930
Gross Pay
Real Wage (Purchasing Power)
$66,930
Adjusted for COL (100)
In Lake Charles, LA, the Cost of Living Index is 100. This increases your effective purchasing power from $66,930 to $66,930.
Job Market Context
180
Total Jobs
1.78
Per 1K Jobs
0.94
Location Quotient
Lake Charles, LA has 0.94x 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.
180 people work as Loan Officers in Lake Charles, LA.
1.78 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. |
|---|---|---|
| Beaumont-Port Arthur, TX Loan Officers Salary | $66,200↓ 1% | 56 mi |
| Lafayette, LA Loan Officers Salary | $69,310↑ 4% | 70 mi |
| Alexandria, LA Loan Officers Salary | $59,330↓ 11% | 87 mi |
Comparing salaries near Lake Charles, LA
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Lake Charles, LA?
The median annual salary for a Loan Officers in Lake Charles, LA is $66,930. This typically ranges from $26,350 for entry-level positions to $135,450 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lake Charles, LA is 22.4% lower than the national median of $86,220.
Is Lake Charles, LA a good place for Loan Officerss?
It depends on your priorities. While the average Loan Officers salary in Lake Charles, LA is $66,930 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Lake Charles, LA. See distinct detailed breakdown below.
Is Lake Charles, LA a good place to live for Loan Officers?
The Cost of Living Index in Lake Charles, LA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lake Charles, LA?
Some top paying nearby cities include Beaumont-Port Arthur, TX ($66,200) and Lafayette, LA.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 180 employees in the Lake Charles, LA area with a job density of 1.78 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 Lake Charles, LA