Average Loan Officers Salary in Palm Bay-Melbourne-Titusville, FL
The average salary for a Loan Officers in Palm Bay-Melbourne-Titusville, FL is $82,870. This compensation is in line with national standards, reflecting a balanced and stable local job market.
Executive Summary
- Average Salary: $82,870 per year.
- Growth Trend: Salaries have shifted 16.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $166,100.
- Outlook: The current demand for Loan Officerss is stable, with a local workforce of approximately 190 professionals. This role remains a specialized component of the broader Palm Bay-Melbourne-Titusville, FL economy.
Salary Overview
The average Loan Officers in Palm Bay-Melbourne-Titusville, FL earns-3.9%below the national average.
$39.8
$1,594
$6,906
Loan Officers Salary Trends (2020-2024)
Over the past 3 years, Loan Officers salaries in Palm Bay-Melbourne-Titusville, FL have shown healthy growth of 16.1%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Loan Officers Salary Distribution in Palm Bay-Melbourne-Titusville, FL
The earning potential for Loan Officerss in Palm Bay-Melbourne-Titusville, FL varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 4.7x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $35,470, while highly experienced professionals can command wages upwards of $166,100.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $35,470 | $17.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $62,153 | $29.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $67,540 | $32.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $103,588 | $49.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $166,100 | $79.9 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$82,870
Gross Pay
Real Wage (Purchasing Power)
$82,870
Adjusted for COL (100)
In Palm Bay-Melbourne-Titusville, FL, the Cost of Living Index is 100. This increases your effective purchasing power from $82,870 to $82,870.
Job Market Context
190
Total Jobs
0.786
Per 1K Jobs
0.42
Location Quotient
At 0.42x, Palm Bay-Melbourne-Titusville, FL has a notably lower concentration of Loan Officers jobs than the national average. Opportunities in this area are relatively scarce for this profession.
190 people work as Loan Officers in Palm Bay-Melbourne-Titusville, FL.
Only 0.786 out of every 1,000 local jobs are Loan Officers roles — this is a niche profession in the area.
Nearby Job Markets
Nearby Cities for Loan Officers
| City | Salary | Dist. |
|---|---|---|
| Sebastian-Vero Beach-West Vero Corridor, FL Loan Officers Salary | $78,410↓ 5% | 17 mi |
| Port St. Lucie, FL Loan Officers Salary | $84,610↑ 2% | 50 mi |
| Orlando-Kissimmee-Sanford, FL Loan Officers Salary | $83,280↑ 0% | 59 mi |
| North Florida nonmetropolitan area Loan Officers Salary | $79,220↓ 4% | 64 mi |
Comparing salaries near Palm Bay-Melbourne-Titusville, FL
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Palm Bay-Melbourne-Titusville, FL?
The median annual salary for a Loan Officers in Palm Bay-Melbourne-Titusville, FL is $82,870. This typically ranges from $35,470 for entry-level positions to $166,100 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Palm Bay-Melbourne-Titusville, FL is 3.9% lower than the national median of $86,220.
Is Palm Bay-Melbourne-Titusville, FL a good place for Loan Officerss?
It depends on your priorities. While the average Loan Officers salary in Palm Bay-Melbourne-Titusville, FL is $82,870 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Palm Bay-Melbourne-Titusville, FL. See distinct detailed breakdown below.
Is Palm Bay-Melbourne-Titusville, FL a good place to live for Loan Officers?
The Cost of Living Index in Palm Bay-Melbourne-Titusville, FL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Palm Bay-Melbourne-Titusville, FL?
Some top paying nearby cities include Sebastian-Vero Beach-West Vero Corridor, FL ($78,410) and Port St. Lucie, FL.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 190 employees in the Palm Bay-Melbourne-Titusville, FL area with a job density of 0.786 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 Palm Bay-Melbourne-Titusville, FL