Average Loan Officers Salary in Salisbury, MD
The average salary for Loan Officerss in Salisbury, MD is $74,920. While this is lower than the national average, the cost of living in Salisbury, MD may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $74,920 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $130,720.
- Outlook: The current demand for Loan Officerss is stable, with a local workforce of approximately 60 professionals. This role remains a specialized component of the broader Salisbury, MD economy.
Salary Overview
The average Loan Officers in Salisbury, MD earns-13.1%below the national average.
$36
$1,441
$6,243
Loan Officers Salary Trends (2020-2024)
Historical trend data for Loan Officers in Salisbury, MD is limited, but current market signals indicate a stable demand environment.
Loan Officers Salary Distribution in Salisbury, MD
The earning potential for Loan Officerss in Salisbury, MD varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 3.1x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $42,740, while highly experienced professionals can command wages upwards of $130,720.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $42,740 | $20.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $56,190 | $27 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $59,990 | $28.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $93,650 | $45 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $130,720 | $62.8 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$74,920
Gross Pay
Real Wage (Purchasing Power)
$74,920
Adjusted for COL (100)
In Salisbury, MD, the Cost of Living Index is 100. This increases your effective purchasing power from $74,920 to $74,920.
Job Market Context
60
Total Jobs
1.135
Per 1K Jobs
0.6
Location Quotient
Salisbury, MD has 0.60x 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.
60 people work as Loan Officers in Salisbury, MD.
1.135 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. |
|---|---|---|
| Lexington Park, MD Loan Officers Salary | $92,980↑ 24% | 47 mi |
| Dover, DE Loan Officers Salary | $78,320↑ 5% | 54 mi |
| Sussex Delaware nonmetropolitan area Loan Officers Salary | $90,580↑ 21% | 65 mi |
| Maryland nonmetropolitan area Loan Officers Salary | $70,740↓ 6% | 81 mi |
| Vineland, NJ Loan Officers Salary | $90,860↑ 21% | 82 mi |
Comparing salaries near Salisbury, MD
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Salisbury, MD?
The median annual salary for a Loan Officers in Salisbury, MD is $74,920. This typically ranges from $42,740 for entry-level positions to $130,720 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Salisbury, MD is 13.1% lower than the national median of $86,220.
Is Salisbury, MD a good place for Loan Officerss?
It depends on your priorities. While the average Loan Officers salary in Salisbury, MD is $74,920 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Salisbury, MD. See distinct detailed breakdown below.
Is Salisbury, MD a good place to live for Loan Officers?
The Cost of Living Index in Salisbury, MD is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Salisbury, MD?
Some top paying nearby cities include Lexington Park, MD ($92,980) and Dover, DE.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 60 employees in the Salisbury, MD area with a job density of 1.135 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Loan Officers Salaries by State
Top Jobs in Salisbury, MD
- All Occupations Salary in Salisbury, MD
- Office and Administrative Support Occupations Salary in Salisbury, MD
- Sales and Related Occupations Salary in Salisbury, MD
- Food Preparation and Serving Related Occupations Salary in Salisbury, MD
- Healthcare Practitioners and Technical Occupations Salary in Salisbury, MD
- Transportation and Material Moving Occupations Salary in Salisbury, MD
- Educational Instruction and Library Occupations Salary in Salisbury, MD
- Management Occupations Salary in Salisbury, MD
- Healthcare Support Occupations Salary in Salisbury, MD
- Installation, Maintenance, and Repair Occupations Salary in Salisbury, MD
- Browse All Jobs in Salisbury, MD →
Semantic Salary Analysis for Loan Officers • Data source: BLS OEWS 2024 •Jobs in Salisbury, MD