SalaryNode

Average Loan Officers Salary in Redding, CA

The average salary for a Loan Officers in Redding, CA is $88,510. This compensation is in line with national standards, reflecting a balanced and stable local job market.

Executive Summary

  • Average Salary: $88,510 per year.
  • Growth Trend: Salaries have shifted 15.3% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $159,310.
  • Outlook: The current demand for Loan Officerss is stable, with a local workforce of approximately 100 professionals. This role remains a specialized component of the broader Redding, CA economy.
2024 Market Data

Salary Overview

$88,510

The average Loan Officers in Redding, CA earns+2.7%above the national average.

BreakdownBased on 40h/week
Hourly

$42.6

Weekly

$1,702

Monthly

$7,376

Loan Officers Salary Distribution in Redding, CA

The earning potential for Loan Officerss in Redding, CA varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 4.1x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $38,420, while highly experienced professionals can command wages upwards of $159,310.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$38,420$18.5
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$66,383$31.9
ManagerOversees team, compliance, and project delivery.50% (Median)$72,550$34.9
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$110,638$53.2
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$159,310$76.6

Detailed Loan Officers Market Analysis

Relocation Context

Nominal Salary

$88,510

Gross Pay

Real Wage (Purchasing Power)

$88,510

Adjusted for COL (100)

In Redding, CA, the Cost of Living Index is 100. This increases your effective purchasing power from $88,510 to $88,510.

Job Market Context

100

Total Jobs

1.423

Per 1K Jobs

0.76

Location Quotient

Below Average

Redding, CA has 0.76x 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.

100 people work as Loan Officers in Redding, CA.

1.423 out of every 1,000 local jobs are Loan Officers positions — a typical concentration.

Nearby Job Markets

Nearby Cities for Loan Officers

CitySalaryDist.
Chico, CA Loan Officers Salary$84,370↓ 5%63 mi

Comparing salaries near Redding, CA

Hiring Loan Officerss?

Frequently Asked Questions

How much does a Loan Officers make in Redding, CA?

The median annual salary for a Loan Officers in Redding, CA is $88,510. This typically ranges from $38,420 for entry-level positions to $159,310 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Redding, CA is 2.7% higher than the national median of $86,220.

Is Redding, CA a good place for Loan Officerss?

Yes, Redding, CA is financially attractive for Loan Officerss. The average salary of $88,510 exceeds the national average. See distinct detailed breakdown below.

Is Redding, CA a good place to live for Loan Officers?

The Cost of Living Index in Redding, CA is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Redding, CA?

Some top paying nearby cities include Chico, CA ($84,370) and others.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 100 employees in the Redding, CA area with a job density of 1.423 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Loan Officers • Data source: BLS OEWS 2024 •Jobs in Redding, CA