Average Loan Officers Salary in South Georgia nonmetropolitan area
Loan Officers in the South Georgia nonmetropolitan area earn an average annual salary of $75,190. This figure is notably below the national average of $86,220. The localized economic conditions and demand specific to this region are key drivers behind this pay differential, reflecting a unique market dynamic for financial professionals.
Executive Summary
- Average Salary: $75,190 per year.
- Growth Trend: Salaries have shifted 22.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $127,500.
- Outlook: With a total local workforce of 440 Loan Officers, the job market in South Georgia presents a stable environment. The Location Quotient of 1.2 indicates a slightly higher concentration of these professionals compared to the national average, suggesting a consistent, albeit not explosive, demand for their services within the region.
Salary Overview
The average Loan Officers in South Georgia nonmetropolitan area earns-12.8%below the national average.
$36.2
$1,446
$6,266
Loan Officers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Loan Officer salaries in South Georgia have experienced gradual growth over the past four years, mirroring general economic trends and inflation. This suggests a positive trajectory for compensation, even if it remains below the national benchmark.
Loan Officers Salary Distribution in South Georgia nonmetropolitan area
Career progression for Loan Officers in South Georgia typically involves a salary increase with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with a proven track record can command salaries in the higher percentiles. These percentile gaps are indicative of the value placed on expertise and performance within the local financial sector.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,430 | $18.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $56,393 | $27.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $63,600 | $30.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $93,988 | $45.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $127,500 | $61.3 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$75,190
Gross Pay
Real Wage (Purchasing Power)
$75,190
Adjusted for COL (100)
The nominal average salary of $75,190 in South Georgia 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 that of someone earning the national average in a typical U.S. location, offering a balanced lifestyle without significant financial strain.
Job Market Context
440
Total Jobs
2.265
Per 1K Jobs
1.2
Location Quotient
With a location quotient of 1.20, South Georgia nonmetropolitan area has a slightly higher-than-average concentration of Loan Officers roles compared to the national norm.
A Location Quotient of 1.2 signifies that South Georgia has a slightly higher concentration of Loan Officers than the national average. This suggests a moderately competitive market where employers may have a good pool of talent to draw from, but also indicates a sustained need for these specialized roles within the local economy.
Nearby Job Markets
Nearby Cities for Loan Officers
| City | Salary | Dist. |
|---|---|---|
| Macon-Bibb County, GA Loan Officers Salary | $70,880↓ 6% | 16 mi |
| Warner Robins, GA Loan Officers Salary | $73,070↓ 3% | 31 mi |
| Athens-Clarke County, GA Loan Officers Salary | $84,080↑ 12% | 65 mi |
| Atlanta-Sandy Springs-Roswell, GA Loan Officers Salary | $94,080↑ 25% | 65 mi |
| Columbus, GA-AL Loan Officers Salary | $76,450↑ 2% | 81 mi |
Comparing salaries near South Georgia nonmetropolitan area
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in South Georgia nonmetropolitan area?
The median annual salary for a Loan Officers in South Georgia nonmetropolitan area is $75,190. This typically ranges from $38,430 for entry-level positions to $127,500 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in South Georgia nonmetropolitan area is 12.8% lower than the national median of $86,220.
Is South Georgia nonmetropolitan area a lucrative place for Loan Officerss?
No, not when compared to national averages.While the average salary of $75,190 is respectable, it falls short of the national average of $86,220. However, the cost of living being at the national average offsets this difference significantly in terms of purchasing power.
Is South Georgia nonmetropolitan area a good place to live for Loan Officers?
The Cost of Living Index in South Georgia nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near South Georgia nonmetropolitan area?
Some top paying nearby cities include Macon-Bibb County, GA ($70,880) and Warner Robins, GA.
How does the local workforce size affect Loan Officer jobs in South Georgia?
The local workforce of 440 Loan Officers suggests a established presence of the profession, indicating consistent demand and opportunities within the region's financial institutions.
What does a Location Quotient of 1.2 mean for Loan Officers in South Georgia?
A Location Quotient of 1.2 indicates that Loan Officers are slightly more concentrated in South Georgia than the national average, suggesting a stable or growing demand for their skills in this specific area.
How does the Cost of Living in South Georgia compare nationally?
South Georgia's Cost of Living Index is 100, which is exactly the national average. This means that the expenses for housing, goods, and services are comparable to the typical U.S. location.
Are there many job openings for Loan Officers in South Georgia?
With 2.265 jobs per 1,000 workers, there is a steady presence of Loan Officer roles available in South Georgia, reflecting ongoing needs in the local lending market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 440 employees in the South Georgia nonmetropolitan area area with a job density of 2.265 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 South Georgia nonmetropolitan area
- All Occupations Salary in South Georgia nonmetropolitan area
- Office and Administrative Support Occupations Salary in South Georgia nonmetropolitan area
- Transportation and Material Moving Occupations Salary in South Georgia nonmetropolitan area
- Production Occupations Salary in South Georgia nonmetropolitan area
- Sales and Related Occupations Salary in South Georgia nonmetropolitan area
- Food Preparation and Serving Related Occupations Salary in South Georgia nonmetropolitan area
- Educational Instruction and Library Occupations Salary in South Georgia nonmetropolitan area
- Healthcare Practitioners and Technical Occupations Salary in South Georgia nonmetropolitan area
- Installation, Maintenance, and Repair Occupations Salary in South Georgia nonmetropolitan area
- Management Occupations Salary in South Georgia nonmetropolitan area
- Browse All Jobs in South Georgia nonmetropolitan area →
Semantic Salary Analysis for Loan Officers • Data source: BLS OEWS 2024 •Jobs in South Georgia nonmetropolitan area