Average Loan Officers Salary in Sacramento-Roseville-Folsom, CA
Loan Officers in the Sacramento-Roseville-Folsom, CA area earn an impressive average annual salary of $89,280, surpassing the national average of $86,220. This localized premium is often influenced by regional economic factors, demand for housing finance services, and the specific financial landscape of the state capital region.
Executive Summary
- Average Salary: $89,280 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $138,800.
- Outlook: With a local workforce of 1,670 Loan Officers and a Location Quotient of 0.83, the Sacramento-Roseville-Folsom area indicates a stable, albeit slightly below national average concentration, job market for this profession. The presence of 1.57 jobs per 1,000 workers suggests consistent demand that supports the current employment levels.
Salary Overview
The average Loan Officers in Sacramento-Roseville-Folsom, CA earns+3.5%above the national average.
$42.9
$1,717
$7,440
Loan Officers Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Loan Officers in Sacramento-Roseville-Folsom have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by evolving market conditions, interest rate fluctuations, and increasing demand for mortgage and lending services.
Loan Officers Salary Distribution in Sacramento-Roseville-Folsom, CA
Career progression for Loan Officers in Sacramento-Roseville-Folsom typically involves a significant salary increase from entry-level to senior positions. The salary distribution, while not explicitly detailed, would show a widening gap between the lower and upper percentiles, reflecting the value placed on experience, client portfolios, and specialized lending knowledge.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,730 | $18.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $66,960 | $32.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $77,800 | $37.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $111,600 | $53.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $138,800 | $66.7 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$89,280
Gross Pay
Real Wage (Purchasing Power)
$89,280
Adjusted for COL (100)
The average annual salary of $89,280 in Sacramento-Roseville-Folsom aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Loan Officer's salary in this region is equivalent to the national standard, offering a balanced lifestyle without significant financial strain related to living expenses.
Job Market Context
1,670
Total Jobs
1.57
Per 1K Jobs
0.83
Location Quotient
Sacramento-Roseville-Folsom, CA 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.
A Location Quotient of 0.83 suggests that while Loan Officers are present in Sacramento-Roseville-Folsom, the profession is not as concentrated as the national average. This implies a moderately competitive market where employers may actively seek qualified candidates, but the talent pool is not overwhelmingly saturated.
Nearby Job Markets
Nearby Cities for Loan Officers
| City | Salary | Dist. |
|---|---|---|
| Yuba City, CA Loan Officers Salary | $84,660↓ 5% | 40 mi |
| Stockton-Lodi, CA Loan Officers Salary | $98,730↑ 11% | 42 mi |
| Napa, CA Loan Officers Salary | $100,780↑ 13% | 49 mi |
| Vallejo, CA Loan Officers Salary | $98,880↑ 11% | 52 mi |
| Santa Rosa-Petaluma, CA Loan Officers Salary | $85,810↓ 4% | 67 mi |
Comparing salaries near Sacramento-Roseville-Folsom, CA
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Sacramento-Roseville-Folsom, CA?
The median annual salary for a Loan Officers in Sacramento-Roseville-Folsom, CA is $89,280. This typically ranges from $38,730 for entry-level positions to $138,800 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Sacramento-Roseville-Folsom, CA is 3.5% higher than the national median of $86,220.
Is Sacramento-Roseville-Folsom, CA a lucrative place for Loan Officers?
Yes, it is a lucrative place for Loan Officers.Loan Officers in this region earn above the national average salary, and with a cost of living at the national average, their earnings provide strong purchasing power.
Is Sacramento-Roseville-Folsom, CA a good place to live for Loan Officers?
The Cost of Living Index in Sacramento-Roseville-Folsom, CA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Sacramento-Roseville-Folsom, CA?
Some top paying nearby cities include Yuba City, CA ($84,660) and Stockton-Lodi, CA.
How does the Sacramento Loan Officer salary compare to the national average?
Loan Officers in Sacramento-Roseville-Folsom earn an average of $89,280 annually, which is higher than the national average of $86,220.
What is the concentration of Loan Officers in Sacramento-Roseville-Folsom?
The concentration, measured by the Location Quotient, is 0.83, indicating slightly less concentration than the national average.
How does the cost of living affect the salary in Sacramento?
The cost of living in Sacramento-Roseville-Folsom is exactly at the national average (100), meaning the higher local salary has equivalent purchasing power to the national average.
What does the number of jobs per 1,000 workers indicate for Loan Officers in Sacramento?
With 1.57 jobs per 1,000 workers, it suggests a steady demand for Loan Officers within the local labor market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,670 employees in the Sacramento-Roseville-Folsom, CA area with a job density of 1.57 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 Sacramento-Roseville-Folsom, CA