Average Loan Officers Salary in Paducah, KY-IL
The average salary for a Loan Officers in Paducah, KY-IL is $81,710. This compensation is in line with national standards, reflecting a balanced and stable local job market.
Executive Summary
- Average Salary: $81,710 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $137,440.
- Outlook: The current demand for Loan Officerss is stable, with a local workforce of approximately 80 professionals. This role remains a specialized component of the broader Paducah, KY-IL economy.
Salary Overview
The average Loan Officers in Paducah, KY-IL earns-5.2%below the national average.
$39.3
$1,571
$6,809
Loan Officers Salary Trends (2020-2024)
Historical trend data for Loan Officers in Paducah, KY-IL is limited, but current market signals indicate a stable demand environment.
Loan Officers Salary Distribution in Paducah, KY-IL
The earning potential for Loan Officerss in Paducah, KY-IL varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 3.8x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $36,150, while highly experienced professionals can command wages upwards of $137,440.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $36,150 | $17.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $61,283 | $29.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $69,160 | $33.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $102,138 | $49.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $137,440 | $66.1 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$81,710
Gross Pay
Real Wage (Purchasing Power)
$81,710
Adjusted for COL (100)
In Paducah, KY-IL, the Cost of Living Index is 100. This increases your effective purchasing power from $81,710 to $81,710.
Job Market Context
80
Total Jobs
1.563
Per 1K Jobs
0.83
Location Quotient
Paducah, KY-IL has 0.83x 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.
80 people work as Loan Officers in Paducah, KY-IL.
1.563 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. |
|---|---|---|
| Cape Girardeau, MO-IL Loan Officers Salary | $76,060↓ 7% | 53 mi |
| Clarksville, TN-KY Loan Officers Salary | $76,070↓ 7% | 80 mi |
| Evansville, IN Loan Officers Salary | $70,030↓ 14% | 88 mi |
| Owensboro, KY Loan Officers Salary | $64,800↓ 21% | 96 mi |
| Jackson, TN Loan Officers Salary | $72,380↓ 11% | 99 mi |
Comparing salaries near Paducah, KY-IL
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Paducah, KY-IL?
The median annual salary for a Loan Officers in Paducah, KY-IL is $81,710. This typically ranges from $36,150 for entry-level positions to $137,440 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Paducah, KY-IL is 5.2% lower than the national median of $86,220.
Is Paducah, KY-IL a good place for Loan Officerss?
It depends on your priorities. While the average Loan Officers salary in Paducah, KY-IL is $81,710 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Paducah, KY-IL. See distinct detailed breakdown below.
Is Paducah, KY-IL a good place to live for Loan Officers?
The Cost of Living Index in Paducah, KY-IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Paducah, KY-IL?
Some top paying nearby cities include Cape Girardeau, MO-IL ($76,060) and Clarksville, TN-KY.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 80 employees in the Paducah, KY-IL area with a job density of 1.563 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 Paducah, KY-IL