Average Loan Officers Salary in North Region of Texas nonmetropolitan area
Loan Officers in the North Region of Texas nonmetropolitan area earn an average annual salary of $76,230. This figure is notably below the national average of $86,220, suggesting that regional economic factors and demand dynamics play a significant role in compensation within this specific locale. The lower average reflects the unique economic landscape of nonmetropolitan Texas.
Executive Summary
- Average Salary: $76,230 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $134,530.
- Outlook: The job market for Loan Officers in the North Region of Texas nonmetropolitan area appears stable, with a total local workforce of 370 individuals. The Location Quotient of 0.72 indicates a slightly lower concentration of Loan Officers compared to the national average, suggesting a moderate but not oversaturated demand for these professionals in the region.
Salary Overview
The average Loan Officers in North Region of Texas nonmetropolitan area earns-11.6%below the national average.
$36.7
$1,466
$6,353
Loan Officers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Loan Officers in the North Region of Texas nonmetropolitan area have experienced gradual growth over the past four years, mirroring national trends of increasing compensation driven by inflation and evolving market demands. This suggests a generally positive trajectory for earning potential in this role.
Loan Officers Salary Distribution in North Region of Texas nonmetropolitan area
Salary progression for Loan Officers typically correlates with experience. Entry-level positions may start at the lower end of the pay scale, while seasoned professionals with extensive experience and a proven track record can command significantly higher salaries, often reaching into the upper percentiles. The widening gap between entry-level and senior salaries signifies clear career advancement opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $31,080 | $14.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $57,173 | $27.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $63,460 | $30.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $95,288 | $45.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $134,530 | $64.7 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$76,230
Gross Pay
Real Wage (Purchasing Power)
$76,230
Adjusted for COL (100)
The nominal average salary of $76,230 in the North Region of Texas nonmetropolitan area 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 that of a Loan Officer earning the national average in a similarly priced national location, indicating a balanced economic environment.
Job Market Context
370
Total Jobs
1.358
Per 1K Jobs
0.72
Location Quotient
North Region of Texas nonmetropolitan area has 0.72x 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.
With a Location Quotient of 0.72, the North Region of Texas nonmetropolitan area has a slightly lower concentration of Loan Officers than the national average. This suggests that while the profession is present, it is not as densely populated as in other areas, potentially offering a less competitive environment for job seekers but also indicating a more specialized or niche market.
Nearby Job Markets
Nearby Cities for Loan Officers
| City | Salary | Dist. |
|---|---|---|
| Killeen-Temple, TX Loan Officers Salary | $68,800↓ 10% | 10 mi |
| Waco, TX Loan Officers Salary | $75,900↓ 0% | 41 mi |
| Austin-Round Rock-San Marcos, TX Loan Officers Salary | $73,830↓ 3% | 53 mi |
| College Station-Bryan, TX Loan Officers Salary | $71,640↓ 6% | 82 mi |
Comparing salaries near North Region of Texas nonmetropolitan area
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in North Region of Texas nonmetropolitan area?
The median annual salary for a Loan Officers in North Region of Texas nonmetropolitan area is $76,230. This typically ranges from $31,080 for entry-level positions to $134,530 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in North Region of Texas nonmetropolitan area is 11.6% lower than the national median of $86,220.
Is North Region of Texas nonmetropolitan area a lucrative place for Loan Officers?
No, not as lucrative as the national average.While the cost of living is average, the average salary for Loan Officers is below the national benchmark. This indicates that while your money may go as far, your overall earnings will likely be less than in higher-paying national markets.
Is North Region of Texas nonmetropolitan area a good place to live for Loan Officers?
The Cost of Living Index in North Region of Texas nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near North Region of Texas nonmetropolitan area?
Some top paying nearby cities include Killeen-Temple, TX ($68,800) and Waco, TX.
How does the North Texas nonmetropolitan Loan Officer salary compare to the national average?
The average annual salary for Loan Officers in the North Region of Texas nonmetropolitan area is $76,230, which is $9,990 less than the national average of $86,220.
What is the concentration of Loan Officers in this region compared to the rest of the country?
The Location Quotient of 0.72 indicates that Loan Officers are slightly less concentrated in the North Region of Texas nonmetropolitan area than the national average, suggesting a less saturated job market.
How does the cost of living in this region affect the Loan Officer salary?
The Cost of Living Index is 100, which is the national average. This means that the $76,230 salary has the same purchasing power as the national average salary in a location with an average cost of living.
What is the total number of Loan Officers employed in this area?
There are approximately 370 Loan Officers employed in the North Region of Texas 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 370 employees in the North Region of Texas nonmetropolitan area area with a job density of 1.358 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 North Region of Texas nonmetropolitan area