Average Loan Officers Salary in Racine-Mount Pleasant, WI
The average salary for a Loan Officers in Racine-Mount Pleasant, WI is $86,170. This compensation is in line with national standards, reflecting a balanced and stable local job market.
Executive Summary
- Average Salary: $86,170 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $131,890.
- Outlook: The current demand for Loan Officerss is stable, with a local workforce of approximately 150 professionals. This role remains a specialized component of the broader Racine-Mount Pleasant, WI economy.
Salary Overview
The average Loan Officers in Racine-Mount Pleasant, WI earns-0.1%below the national average.
$41.4
$1,657
$7,181
Loan Officers Salary Trends (2020-2024)
Historical trend data for Loan Officers in Racine-Mount Pleasant, WI is limited, but current market signals indicate a stable demand environment.
Loan Officers Salary Distribution in Racine-Mount Pleasant, WI
The earning potential for Loan Officerss in Racine-Mount Pleasant, WI varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 2.8x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $46,530, while highly experienced professionals can command wages upwards of $131,890.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $46,530 | $22.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $64,628 | $31.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $79,610 | $38.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $107,713 | $51.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $131,890 | $63.4 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$86,170
Gross Pay
Real Wage (Purchasing Power)
$86,170
Adjusted for COL (100)
In Racine-Mount Pleasant, WI, the Cost of Living Index is 100. This increases your effective purchasing power from $86,170 to $86,170.
Job Market Context
150
Total Jobs
2.008
Per 1K Jobs
1.07
Location Quotient
With a location quotient of 1.07, Racine-Mount Pleasant, WI has a slightly higher-than-average concentration of Loan Officers roles compared to the national norm.
150 people work as Loan Officers in Racine-Mount Pleasant, WI.
Moderate density — roughly 2.008 out of every 1,000 local jobs are in this profession.
Nearby Job Markets
Nearby Cities for Loan Officers
| City | Salary | Dist. |
|---|---|---|
| Kenosha, WI Loan Officers Salary | $87,450↑ 1% | 10 mi |
| Milwaukee-Waukesha, WI Loan Officers Salary | $93,700↑ 9% | 25 mi |
| Chicago-Naperville-Elgin, IL-IN Loan Officers Salary | $92,600↑ 7% | 59 mi |
| Janesville-Beloit, WI Loan Officers Salary | $87,480↑ 2% | 61 mi |
| Sheboygan, WI Loan Officers Salary | $87,810↑ 2% | 70 mi |
Comparing salaries near Racine-Mount Pleasant, WI
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Racine-Mount Pleasant, WI?
The median annual salary for a Loan Officers in Racine-Mount Pleasant, WI is $86,170. This typically ranges from $46,530 for entry-level positions to $131,890 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Racine-Mount Pleasant, WI is 0.1% lower than the national median of $86,220.
Is Racine-Mount Pleasant, WI a good place for Loan Officerss?
It depends on your priorities. While the average Loan Officers salary in Racine-Mount Pleasant, WI is $86,170 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Racine-Mount Pleasant, WI. See distinct detailed breakdown below.
Is Racine-Mount Pleasant, WI a good place to live for Loan Officers?
The Cost of Living Index in Racine-Mount Pleasant, WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Racine-Mount Pleasant, WI?
Some top paying nearby cities include Kenosha, WI ($87,450) and Milwaukee-Waukesha, WI.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 150 employees in the Racine-Mount Pleasant, WI area with a job density of 2.008 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 Racine-Mount Pleasant, WI