Average Loan Officers Salary in Lewiston-Auburn, ME
The average salary for a Loan Officers in Lewiston-Auburn, ME is $81,400. This compensation is in line with national standards, reflecting a balanced and stable local job market. Notably, Lewiston-Auburn, ME is a key hub for this profession, with a job concentration 1.48x higher than average.
Executive Summary
- Average Salary: $81,400 per year.
- Growth Trend: Salaries have shifted 21.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $120,610.
- Outlook: The current demand for Loan Officerss is stable, with a local workforce of approximately 130 professionals. This role remains a specialized component of the broader Lewiston-Auburn, ME economy.
Salary Overview
The average Loan Officers in Lewiston-Auburn, ME earns-5.6%below the national average.
$39.1
$1,565
$6,783
Loan Officers Salary Trends (2020-2024)
Over the past 4 years, Loan Officers salaries in Lewiston-Auburn, ME have experienced a rapid surge, growing by 21.8%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Loan Officers Salary Distribution in Lewiston-Auburn, ME
The earning potential for Loan Officerss in Lewiston-Auburn, ME varies significantly by experience level. The salary gap is relatively narrow, suggesting consistent and predictable earnings from entry-level to senior positions. Entry-level roles (10th percentile) typically start around $50,660, while highly experienced professionals can command wages upwards of $120,610.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $50,660 | $24.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $61,050 | $29.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $78,770 | $37.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $101,750 | $48.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $120,610 | $58 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$81,400
Gross Pay
Real Wage (Purchasing Power)
$81,400
Adjusted for COL (100)
In Lewiston-Auburn, ME, the Cost of Living Index is 100. This increases your effective purchasing power from $81,400 to $81,400.
Job Market Context
130
Total Jobs
2.788
Per 1K Jobs
1.48
Location Quotient
With a location quotient of 1.48, Lewiston-Auburn, ME has a slightly higher-than-average concentration of Loan Officers roles compared to the national norm.
130 people work as Loan Officers in Lewiston-Auburn, ME.
Moderate density — roughly 2.788 out of every 1,000 local jobs are in this profession.
Nearby Job Markets
Nearby Cities for Loan Officers
| City | Salary | Dist. |
|---|---|---|
| Portland-South Portland, ME Loan Officers Salary | $90,530↑ 11% | 29 mi |
| Southwest Maine nonmetropolitan area Loan Officers Salary | $76,720↓ 6% | 57 mi |
| Northeast Maine nonmetropolitan area Loan Officers Salary | $78,470↓ 4% | 57 mi |
| Central New Hampshire nonmetropolitan area Loan Officers Salary | $80,920↓ 1% | 82 mi |
| Northern New Hampshire nonmetropolitan area Loan Officers Salary | $93,530↑ 15% | 82 mi |
Comparing salaries near Lewiston-Auburn, ME
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Lewiston-Auburn, ME?
The median annual salary for a Loan Officers in Lewiston-Auburn, ME is $81,400. This typically ranges from $50,660 for entry-level positions to $120,610 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lewiston-Auburn, ME is 5.6% lower than the national median of $86,220.
Is Lewiston-Auburn, ME a good place for Loan Officerss?
Yes, Lewiston-Auburn, ME is highly recommended due to strong job demand. While salaries are competitive ($81,400), the area is particularly notable for its high job density for Loan Officerss. See distinct detailed breakdown below.
Is Lewiston-Auburn, ME a good place to live for Loan Officers?
The Cost of Living Index in Lewiston-Auburn, ME is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lewiston-Auburn, ME?
Some top paying nearby cities include Portland-South Portland, ME ($90,530) and Southwest Maine 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 130 employees in the Lewiston-Auburn, ME area with a job density of 2.788 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Loan Officers Salaries by State
Top Jobs in Lewiston-Auburn, ME
- All Occupations Salary in Lewiston-Auburn, ME
- Office and Administrative Support Occupations Salary in Lewiston-Auburn, ME
- Transportation and Material Moving Occupations Salary in Lewiston-Auburn, ME
- Sales and Related Occupations Salary in Lewiston-Auburn, ME
- Food Preparation and Serving Related Occupations Salary in Lewiston-Auburn, ME
- Production Occupations Salary in Lewiston-Auburn, ME
- Healthcare Practitioners and Technical Occupations Salary in Lewiston-Auburn, ME
- Healthcare Support Occupations Salary in Lewiston-Auburn, ME
- Educational Instruction and Library Occupations Salary in Lewiston-Auburn, ME
- Management Occupations Salary in Lewiston-Auburn, ME
- Browse All Jobs in Lewiston-Auburn, ME →
Semantic Salary Analysis for Loan Officers • Data source: BLS OEWS 2024 •Jobs in Lewiston-Auburn, ME