Average Loan Officers Salary in Southwest Oklahoma nonmetropolitan area
The average salary for a Loan Officers in Southwest Oklahoma nonmetropolitan area is $91,400. This compensation is in line with national standards, reflecting a balanced and stable local job market. Notably, Southwest Oklahoma nonmetropolitan area is a key hub for this profession, with a job concentration 1.59x higher than average.
Executive Summary
- Average Salary: $91,400 per year.
- Growth Trend: Salaries have shifted 25.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $182,310.
- Outlook: The current demand for Loan Officerss is stable, with a local workforce of approximately 190 professionals. This role remains a specialized component of the broader Southwest Oklahoma nonmetropolitan area economy.
Salary Overview
The average Loan Officers in Southwest Oklahoma nonmetropolitan area earns+6.0%above the national average.
$43.9
$1,758
$7,617
Loan Officers Salary Trends (2020-2024)
Over the past 4 years, Loan Officers salaries in Southwest Oklahoma nonmetropolitan area have experienced a rapid surge, growing by 25.8%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Loan Officers Salary Distribution in Southwest Oklahoma nonmetropolitan area
The earning potential for Loan Officerss in Southwest Oklahoma nonmetropolitan area varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 4.6x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $39,820, while highly experienced professionals can command wages upwards of $182,310.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $39,820 | $19.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $68,550 | $33 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $76,760 | $36.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $114,250 | $54.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $182,310 | $87.6 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$91,400
Gross Pay
Real Wage (Purchasing Power)
$91,400
Adjusted for COL (100)
In Southwest Oklahoma nonmetropolitan area, the Cost of Living Index is 100. This increases your effective purchasing power from $91,400 to $91,400.
Job Market Context
190
Total Jobs
2.993
Per 1K Jobs
1.59
Location Quotient
Southwest Oklahoma nonmetropolitan area has 1.6x the national concentration of Loan Officers jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
190 people work as Loan Officers in Southwest Oklahoma nonmetropolitan area.
Moderate density — roughly 2.993 out of every 1,000 local jobs are in this profession.
Nearby Job Markets
Nearby Cities for Loan Officers
| City | Salary | Dist. |
|---|---|---|
| Oklahoma City, OK Loan Officers Salary | $78,180↓ 14% | 34 mi |
| Tulsa, OK Loan Officers Salary | $86,980↓ 5% | 69 mi |
| Enid, OK Loan Officers Salary | $91,340↓ 0% | 78 mi |
Comparing salaries near Southwest Oklahoma nonmetropolitan area
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Southwest Oklahoma nonmetropolitan area?
The median annual salary for a Loan Officers in Southwest Oklahoma nonmetropolitan area is $91,400. This typically ranges from $39,820 for entry-level positions to $182,310 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwest Oklahoma nonmetropolitan area is 6.0% higher than the national median of $86,220.
Is Southwest Oklahoma nonmetropolitan area a good place for Loan Officerss?
Yes, Southwest Oklahoma nonmetropolitan area is an excellent location for Loan Officerss. It offers both higher-than-average salaries ($91,400) and a high concentration of job opportunities. See distinct detailed breakdown below.
Is Southwest Oklahoma nonmetropolitan area a good place to live for Loan Officers?
The Cost of Living Index in Southwest Oklahoma nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwest Oklahoma nonmetropolitan area?
Some top paying nearby cities include Oklahoma City, OK ($78,180) and Tulsa, OK.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 190 employees in the Southwest Oklahoma nonmetropolitan area area with a job density of 2.993 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 Southwest Oklahoma nonmetropolitan area