Average Loan Officers Salary in Northeastern Wisconsin nonmetropolitan area
Loan Officers in the Northeastern Wisconsin nonmetropolitan area earn an average annual salary of $82,230. This figure is slightly below the national average of $86,220, indicating a localized compensation structure. Factors such as regional economic conditions and the specific demand within this nonmetropolitan setting likely contribute to this pay differential.
Executive Summary
- Average Salary: $82,230 per year.
- Growth Trend: Salaries have shifted 24.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $126,780.
- Outlook: With a local workforce of 370 Loan Officers, the employment landscape in Northeastern Wisconsin's nonmetropolitan area presents a stable, albeit niche, market. The Location Quotient of 1.0 suggests that the concentration of these professionals aligns precisely with the national average, implying a steady demand that mirrors broader trends without significant oversupply or undersupply.
Salary Overview
The average Loan Officers in Northeastern Wisconsin nonmetropolitan area earns-4.6%below the national average.
$39.5
$1,581
$6,853
Loan Officers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Loan Officers in Northeastern Wisconsin have experienced gradual growth over the past four years, mirroring national trends. Economic fluctuations and evolving lending practices typically drive incremental increases in compensation for skilled professionals in this field.
Loan Officers Salary Distribution in Northeastern Wisconsin nonmetropolitan area
Career progression for Loan Officers in Northeastern Wisconsin typically involves a significant salary increase with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with extensive experience and a proven track record can command salaries in the higher percentiles. These percentile gaps clearly signify the value placed on expertise and tenure within the industry.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,560 | $23.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $61,673 | $29.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $77,040 | $37 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $102,788 | $49.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $126,780 | $61 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$82,230
Gross Pay
Real Wage (Purchasing Power)
$82,230
Adjusted for COL (100)
The average annual salary of $82,230 in Northeastern Wisconsin's 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 the national average, offering a stable financial environment for residents.
Job Market Context
370
Total Jobs
1.877
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Northeastern Wisconsin nonmetropolitan area has a slightly higher-than-average concentration of Loan Officers roles compared to the national norm.
A Location Quotient of 1.0 for Loan Officers in Northeastern Wisconsin's nonmetropolitan area indicates a job market that is neither exceptionally concentrated nor sparse compared to the national landscape. This suggests a balanced environment where opportunities exist, but the market is not saturated, offering a competitive yet accessible career path.
Nearby Job Markets
Nearby Cities for Loan Officers
| City | Salary | Dist. |
|---|---|---|
| Wausau, WI Loan Officers Salary | $86,660↑ 5% | 48 mi |
| Oshkosh-Neenah, WI Loan Officers Salary | $86,100↑ 5% | 55 mi |
| Appleton, WI Loan Officers Salary | $86,450↑ 5% | 61 mi |
| Fond du Lac, WI Loan Officers Salary | $87,320↑ 6% | 68 mi |
| Green Bay, WI Loan Officers Salary | $86,250↑ 5% | 82 mi |
Comparing salaries near Northeastern Wisconsin nonmetropolitan area
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Northeastern Wisconsin nonmetropolitan area?
The median annual salary for a Loan Officers in Northeastern Wisconsin nonmetropolitan area is $82,230. This typically ranges from $48,560 for entry-level positions to $126,780 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northeastern Wisconsin nonmetropolitan area is 4.6% lower than the national median of $86,220.
Is Northeastern Wisconsin nonmetropolitan area a lucrative place for Loan Officerss?
No, it is not exceptionally lucrative compared to the national average.While the average salary of $82,230 is substantial, it falls slightly below the national average of $86,220. The cost of living being at the national average means the salary's purchasing power is also at the national average, not exceeding it.
Is Northeastern Wisconsin nonmetropolitan area a good place to live for Loan Officers?
The Cost of Living Index in Northeastern Wisconsin nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northeastern Wisconsin nonmetropolitan area?
Some top paying nearby cities include Wausau, WI ($86,660) and Oshkosh-Neenah, WI.
How does the local workforce size impact job opportunities for Loan Officers?
A local workforce of 370 Loan Officers suggests a moderately sized professional community. This indicates a stable job market with consistent opportunities, but perhaps fewer openings than in larger metropolitan areas.
What does a Location Quotient of 1.0 signify for Loan Officers in this region?
A Location Quotient of 1.0 means the concentration of Loan Officers in Northeastern Wisconsin's nonmetropolitan area is exactly the same as the national average. This implies a balanced demand and supply for these professionals.
How does the Cost of Living Index affect the real value of a Loan Officer's salary here?
With a Cost of Living Index of 100, the $82,230 salary in Northeastern Wisconsin has the same purchasing power as the national average salary. Your earnings will stretch as far as they would in a typical U.S. location.
Are there significant salary differences based on experience for Loan Officers in this area?
Yes, like most roles, experience plays a crucial part in salary. Entry-level Loan Officers will earn less, while senior Loan Officers with years of experience and a strong performance record can expect to earn significantly more, moving into higher salary percentiles.
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 Northeastern Wisconsin nonmetropolitan area area with a job density of 1.877 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 Northeastern Wisconsin nonmetropolitan area