Average Loan Officers Salary in Middle Georgia nonmetropolitan area
Loan Officers in the Middle Georgia nonmetropolitan area earn an average annual salary of $73,110. This figure is notably below the national average of $86,220, reflecting regional economic factors and demand specific to this locale. The unique economic landscape and industry concentration within Middle Georgia directly influence compensation levels for these financial professionals.
Executive Summary
- Average Salary: $73,110 per year.
- Growth Trend: Salaries have shifted 4.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $122,400.
- Outlook: The job market for Loan Officers in Middle Georgia appears stable, with a total local workforce of 270 individuals. The location quotient of 1.04 suggests a concentration of these roles that is slightly above the national average, indicating a consistent, albeit not overwhelmingly high, demand for their services within the region.
Salary Overview
The average Loan Officers in Middle Georgia nonmetropolitan area earns-15.2%below the national average.
$35.2
$1,406
$6,093
Loan Officers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Loan Officer salaries in Middle Georgia have likely experienced modest growth over the past four years, mirroring general economic trends and inflation. Increases in demand for financial services and housing markets typically correlate with upward pressure on compensation for experienced professionals.
Loan Officers Salary Distribution in Middle Georgia nonmetropolitan area
Salary progression for Loan Officers in Middle Georgia typically scales with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with a proven track record and extensive client networks can command significantly higher salaries. The percentile gaps in earnings clearly signify career advancement opportunities and the value placed on expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,520 | $18 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $54,833 | $26.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $60,670 | $29.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $91,388 | $43.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $122,400 | $58.8 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$73,110
Gross Pay
Real Wage (Purchasing Power)
$73,110
Adjusted for COL (100)
The nominal average annual salary of $73,110 in Middle Georgia aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Loan Officer's salary in this region is equivalent to the national average, offering a balanced financial standing relative to expenses.
Job Market Context
270
Total Jobs
1.959
Per 1K Jobs
1.04
Location Quotient
With a location quotient of 1.04, Middle Georgia nonmetropolitan area has a slightly higher-than-average concentration of Loan Officers roles compared to the national norm.
With a location quotient of 1.04, the job market for Loan Officers in Middle Georgia is marginally more concentrated than the national average. This suggests a healthy, stable demand for these professionals, indicating that while not a booming market, there is a consistent need for their skills, making it a competitive yet accessible environment.
Nearby Job Markets
Nearby Cities for Loan Officers
| City | Salary | Dist. |
|---|---|---|
| Macon-Bibb County, GA Loan Officers Salary | $70,880↓ 3% | 16 mi |
| Warner Robins, GA Loan Officers Salary | $73,070↓ 0% | 31 mi |
| Athens-Clarke County, GA Loan Officers Salary | $84,080↑ 15% | 65 mi |
| Atlanta-Sandy Springs-Roswell, GA Loan Officers Salary | $94,080↑ 29% | 65 mi |
| Columbus, GA-AL Loan Officers Salary | $76,450↑ 5% | 81 mi |
Comparing salaries near Middle Georgia nonmetropolitan area
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Middle Georgia nonmetropolitan area?
The median annual salary for a Loan Officers in Middle Georgia nonmetropolitan area is $73,110. This typically ranges from $37,520 for entry-level positions to $122,400 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Middle Georgia nonmetropolitan area is 15.2% lower than the national median of $86,220.
Is Middle Georgia nonmetropolitan area a lucrative place for Loan Officers?
No, it is not exceptionally lucrative compared to the national average.While the average salary of $73,110 is solid, it falls below the national average of $86,220. However, the cost of living being at the national average means the salary's purchasing power is standard.
Is Middle Georgia nonmetropolitan area a good place to live for Loan Officers?
The Cost of Living Index in Middle Georgia nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Middle Georgia nonmetropolitan area?
Some top paying nearby cities include Macon-Bibb County, GA ($70,880) and Warner Robins, GA.
How does the local workforce size affect Loan Officer job prospects?
A local workforce of 270 Loan Officers indicates a moderately sized professional community. This suggests a stable job market with ongoing opportunities, though perhaps less rapid expansion than in larger metropolitan areas.
What does a Location Quotient of 1.04 mean for Loan Officers in Middle Georgia?
A Location Quotient of 1.04 signifies that Loan Officers are employed in Middle Georgia at a rate slightly higher than the national average. This points to a steady demand for their expertise within the region's financial sector.
How does the Cost of Living in Middle Georgia compare to national benchmarks?
The Cost of Living Index in Middle Georgia is exactly 100, which is the national average. This means that the general expenses for housing, goods, and services are on par with the rest of the country.
What is the typical salary range for Loan Officers in this region?
While the average is $73,110, actual salaries can vary significantly based on experience, employer, and specific responsibilities. Entry-level positions will likely earn less, while senior Loan Officers with extensive experience and a strong client base can earn considerably more.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 270 employees in the Middle Georgia nonmetropolitan area area with a job density of 1.959 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 Middle Georgia nonmetropolitan area
- All Occupations Salary in Middle Georgia nonmetropolitan area
- Production Occupations Salary in Middle Georgia nonmetropolitan area
- Transportation and Material Moving Occupations Salary in Middle Georgia nonmetropolitan area
- Office and Administrative Support Occupations Salary in Middle Georgia nonmetropolitan area
- Food Preparation and Serving Related Occupations Salary in Middle Georgia nonmetropolitan area
- Sales and Related Occupations Salary in Middle Georgia nonmetropolitan area
- Educational Instruction and Library Occupations Salary in Middle Georgia nonmetropolitan area
- Healthcare Practitioners and Technical Occupations Salary in Middle Georgia nonmetropolitan area
- Management Occupations Salary in Middle Georgia nonmetropolitan area
- Installation, Maintenance, and Repair Occupations Salary in Middle Georgia nonmetropolitan area
- Browse All Jobs in Middle Georgia nonmetropolitan area →
Semantic Salary Analysis for Loan Officers • Data source: BLS OEWS 2024 •Jobs in Middle Georgia nonmetropolitan area