Average Loan Officers Salary in South Central Wisconsin nonmetropolitan area
Loan Officers in the South Central Wisconsin nonmetropolitan area earn an impressive average annual salary of $87,780. This figure slightly surpasses the national average of $86,220, suggesting that local market dynamics and demand contribute to competitive compensation. The specific economic landscape of this region plays a crucial role in shaping the earning potential for these financial professionals.
Executive Summary
- Average Salary: $87,780 per year.
- Growth Trend: Salaries have shifted 17.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $135,300.
- Outlook: With a local workforce of 320 Loan Officers and a Location Quotient of 0.8, the job market in South Central Wisconsin nonmetropolitan area indicates a stable, albeit slightly below-national-average concentration of these roles. This suggests a consistent demand for skilled professionals without an oversupply, providing a solid foundation for career stability and growth within the region.
Salary Overview
The average Loan Officers in South Central Wisconsin nonmetropolitan area earns+1.8%above the national average.
$42.2
$1,688
$7,315
Loan Officers Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that Loan Officer salaries in South Central Wisconsin nonmetropolitan areas have mirrored national trends over the past four years, likely experiencing steady growth. Economic fluctuations and evolving lending practices typically drive incremental salary increases, reflecting the increasing complexity and importance of the role.
Loan Officers Salary Distribution in South Central Wisconsin nonmetropolitan area
The salary progression for Loan Officers in South Central Wisconsin nonmetropolitan area typically scales significantly with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with a proven track record and extensive client networks can command salaries in the upper percentiles. These percentile gaps highlight the substantial career advancement and earning potential available through dedicated experience and skill development.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $50,700 | $24.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $65,835 | $31.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $77,630 | $37.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $109,725 | $52.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $135,300 | $65 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$87,780
Gross Pay
Real Wage (Purchasing Power)
$87,780
Adjusted for COL (100)
The average annual salary of $87,780 in South Central Wisconsin nonmetropolitan area aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Loan Officer's salary in this region is equivalent to the national average, offering a balanced lifestyle where earnings effectively cover expenses without significant strain.
Job Market Context
320
Total Jobs
1.502
Per 1K Jobs
0.8
Location Quotient
South Central Wisconsin nonmetropolitan area has 0.80x 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 0.8 for Loan Officers in South Central Wisconsin nonmetropolitan area suggests that the concentration of these jobs is slightly lower than the national average. This indicates a moderately competitive market where opportunities exist, but professionals may need to actively seek out positions rather than finding them readily available in abundance. It implies a healthy balance between job availability and the number of professionals in the field.
Nearby Job Markets
Nearby Cities for Loan Officers
| City | Salary | Dist. |
|---|---|---|
| Wausau, WI Loan Officers Salary | $86,660↓ 1% | 48 mi |
| Oshkosh-Neenah, WI Loan Officers Salary | $86,100↓ 2% | 55 mi |
| Appleton, WI Loan Officers Salary | $86,450↓ 2% | 61 mi |
| Fond du Lac, WI Loan Officers Salary | $87,320↓ 1% | 68 mi |
| Green Bay, WI Loan Officers Salary | $86,250↓ 2% | 82 mi |
Comparing salaries near South Central Wisconsin nonmetropolitan area
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in South Central Wisconsin nonmetropolitan area?
The median annual salary for a Loan Officers in South Central Wisconsin nonmetropolitan area is $87,780. This typically ranges from $50,700 for entry-level positions to $135,300 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in South Central Wisconsin nonmetropolitan area is 1.8% higher than the national median of $86,220.
Is South Central Wisconsin nonmetropolitan area a lucrative place for Loan Officers?
Yes, it offers competitive compensation.Loan Officers in this region earn slightly above the national average salary, and with a national average cost of living, their income provides strong purchasing power.
Is South Central Wisconsin nonmetropolitan area a good place to live for Loan Officers?
The Cost of Living Index in South Central Wisconsin nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near South Central Wisconsin nonmetropolitan area?
Some top paying nearby cities include Wausau, WI ($86,660) and Oshkosh-Neenah, WI.
How does the local Loan Officer salary compare to the national average?
The average annual salary for Loan Officers in South Central Wisconsin nonmetropolitan area is $87,780, which is slightly higher than the national average of $86,220.
What is the concentration of Loan Officers in this region compared to the nation?
The Location Quotient of 0.8 indicates that the concentration of Loan Officers in South Central Wisconsin nonmetropolitan area is slightly below the national average, suggesting a stable but not overly saturated job market.
How does the cost of living affect the Loan Officer salary in this area?
With a Cost of Living Index of 100, the national average, the $87,780 salary in South Central Wisconsin nonmetropolitan area offers purchasing power equivalent to the national average, making it a financially stable location.
What is the total number of Loan Officers in South Central Wisconsin nonmetropolitan area?
There are approximately 320 Loan Officers employed in the South Central Wisconsin nonmetropolitan area, indicating a moderate-sized professional community.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 320 employees in the South Central Wisconsin nonmetropolitan area area with a job density of 1.502 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 South Central Wisconsin nonmetropolitan area