Average Loan Officers Salary in Lexington Park, MD
The average salary for a Loan Officers in Lexington Park, MD is $92,980. This compensation is in line with national standards, reflecting a balanced and stable local job market.
Executive Summary
- Average Salary: $92,980 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $186,680.
- Outlook: The current demand for Loan Officerss is stable, with a local workforce of approximately 60 professionals. This role remains a specialized component of the broader Lexington Park, MD economy.
Salary Overview
The average Loan Officers in Lexington Park, MD earns+7.8%above the national average.
$44.7
$1,788
$7,748
Loan Officers Salary Trends (2020-2024)
Historical trend data for Loan Officers in Lexington Park, MD is limited, but current market signals indicate a stable demand environment.
Loan Officers Salary Distribution in Lexington Park, MD
The earning potential for Loan Officerss in Lexington Park, MD varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 4.6x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $40,660, while highly experienced professionals can command wages upwards of $186,680.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $40,660 | $19.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $69,735 | $33.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $66,370 | $31.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $116,225 | $55.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $186,680 | $89.8 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$92,980
Gross Pay
Real Wage (Purchasing Power)
$92,980
Adjusted for COL (100)
In Lexington Park, MD, the Cost of Living Index is 100. This increases your effective purchasing power from $92,980 to $92,980.
Job Market Context
60
Total Jobs
0.814
Per 1K Jobs
0.43
Location Quotient
At 0.43x, Lexington Park, MD has a notably lower concentration of Loan Officers jobs than the national average. Opportunities in this area are relatively scarce for this profession.
60 people work as Loan Officers in Lexington Park, MD.
Only 0.814 out of every 1,000 local jobs are Loan Officers roles — this is a niche profession in the area.
Nearby Job Markets
Nearby Cities for Loan Officers
| City | Salary | Dist. |
|---|---|---|
| Salisbury, MD Loan Officers Salary | $74,920↓ 19% | 47 mi |
| Washington-Arlington-Alexandria, DC-VA-MD-WV Loan Officers Salary | $112,140↑ 21% | 55 mi |
| Maryland nonmetropolitan area Loan Officers Salary | $70,740↓ 24% | 59 mi |
| Baltimore-Columbia-Towson, MD Loan Officers Salary | $84,620↓ 9% | 72 mi |
| Richmond, VA Loan Officers Salary | $83,230↓ 10% | 75 mi |
Comparing salaries near Lexington Park, MD
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Lexington Park, MD?
The median annual salary for a Loan Officers in Lexington Park, MD is $92,980. This typically ranges from $40,660 for entry-level positions to $186,680 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lexington Park, MD is 7.8% higher than the national median of $86,220.
Is Lexington Park, MD a good place for Loan Officerss?
Yes, Lexington Park, MD is financially attractive for Loan Officerss. The average salary of $92,980 exceeds the national average. See distinct detailed breakdown below.
Is Lexington Park, MD a good place to live for Loan Officers?
The Cost of Living Index in Lexington Park, MD is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lexington Park, MD?
Some top paying nearby cities include Salisbury, MD ($74,920) and Washington-Arlington-Alexandria, DC-VA-MD-WV.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 60 employees in the Lexington Park, MD area with a job density of 0.814 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 Lexington Park, MD