Average Loan Officers Salary in Lima, OH
The average salary for a Loan Officers in Lima, OH is $86,050. This compensation is in line with national standards, reflecting a balanced and stable local job market.
Executive Summary
- Average Salary: $86,050 per year.
- Growth Trend: Salaries have shifted 10.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $138,190.
- 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 Lima, OH economy.
Salary Overview
The average Loan Officers in Lima, OH earns-0.2%below the national average.
$41.4
$1,655
$7,171
Loan Officers Salary Trends (2020-2024)
Over the past 4 years, Loan Officers salaries in Lima, OH have shown healthy growth of 10.3%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Loan Officers Salary Distribution in Lima, OH
The earning potential for Loan Officerss in Lima, OH varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 4.0x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $34,350, while highly experienced professionals can command wages upwards of $138,190.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $34,350 | $16.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $64,538 | $31 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $59,850 | $28.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $107,563 | $51.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $138,190 | $66.4 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$86,050
Gross Pay
Real Wage (Purchasing Power)
$86,050
Adjusted for COL (100)
In Lima, OH, the Cost of Living Index is 100. This increases your effective purchasing power from $86,050 to $86,050.
Job Market Context
70
Total Jobs
1.412
Per 1K Jobs
0.75
Location Quotient
Lima, OH has 0.75x 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 Lima, OH.
1.412 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. |
|---|---|---|
| Springfield, OH Loan Officers Salary | $84,670↓ 2% | 58 mi |
| Fort Wayne, IN Loan Officers Salary | $66,610↓ 23% | 59 mi |
| Dayton-Kettering-Beavercreek, OH Loan Officers Salary | $135,040↑ 57% | 67 mi |
| Toledo, OH Loan Officers Salary | $70,030↓ 19% | 69 mi |
| North Northeastern Ohio nonmetropolitan area (noncontiguous) Loan Officers Salary | $75,870↓ 12% | 75 mi |
Comparing salaries near Lima, OH
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Lima, OH?
The median annual salary for a Loan Officers in Lima, OH is $86,050. This typically ranges from $34,350 for entry-level positions to $138,190 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lima, OH is 0.2% lower than the national median of $86,220.
Is Lima, OH a good place for Loan Officerss?
It depends on your priorities. While the average Loan Officers salary in Lima, OH is $86,050 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Lima, OH. See distinct detailed breakdown below.
Is Lima, OH a good place to live for Loan Officers?
The Cost of Living Index in Lima, OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lima, OH?
Some top paying nearby cities include Springfield, OH ($84,670) and Fort Wayne, IN.
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 Lima, OH area with a job density of 1.412 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 Lima, OH