Average Loan Officers Salary in State College, PA
The average salary for a Loan Officers in State College, PA is $80,910. This compensation is in line with national standards, reflecting a balanced and stable local job market. Notably, State College, PA is a key hub for this profession, with a job concentration 1.41x higher than average.
Executive Summary
- Average Salary: $80,910 per year.
- Growth Trend: Salaries have shifted 32.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $108,400.
- Outlook: The current demand for Loan Officerss is stable, with a local workforce of approximately 180 professionals. This role remains a specialized component of the broader State College, PA economy.
Salary Overview
The average Loan Officers in State College, PA earns-6.2%below the national average.
$38.9
$1,556
$6,743
Loan Officers Salary Trends (2020-2024)
Over the past 4 years, Loan Officers salaries in State College, PA have experienced a rapid surge, growing by 32.5%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Loan Officers Salary Distribution in State College, PA
The earning potential for Loan Officerss in State College, PA varies significantly by experience level. The salary gap is relatively narrow, suggesting consistent and predictable earnings from entry-level to senior positions. Entry-level roles (10th percentile) typically start around $49,840, while highly experienced professionals can command wages upwards of $108,400.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $49,840 | $24 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $60,683 | $29.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $83,220 | $40 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $101,138 | $48.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $108,400 | $52.1 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$80,910
Gross Pay
Real Wage (Purchasing Power)
$80,910
Adjusted for COL (100)
In State College, PA, the Cost of Living Index is 100. This increases your effective purchasing power from $80,910 to $80,910.
Job Market Context
180
Total Jobs
2.656
Per 1K Jobs
1.41
Location Quotient
With a location quotient of 1.41, State College, PA has a slightly higher-than-average concentration of Loan Officers roles compared to the national norm.
180 people work as Loan Officers in State College, PA.
Moderate density — roughly 2.656 out of every 1,000 local jobs are in this profession.
Nearby Job Markets
Nearby Cities for Loan Officers
| City | Salary | Dist. |
|---|---|---|
| Altoona, PA Loan Officers Salary | $65,760↓ 19% | 35 mi |
| Northwestern Pennsylvania nonmetropolitan area Loan Officers Salary | $59,650↓ 26% | 45 mi |
| Central Pennsylvania nonmetropolitan area Loan Officers Salary | $66,350↓ 18% | 45 mi |
| Southwestern Pennsylvania nonmetropolitan area Loan Officers Salary | $65,060↓ 20% | 45 mi |
| Northeastern Pennsylvania nonmetropolitan area Loan Officers Salary | $69,140↓ 15% | 45 mi |
Comparing salaries near State College, PA
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in State College, PA?
The median annual salary for a Loan Officers in State College, PA is $80,910. This typically ranges from $49,840 for entry-level positions to $108,400 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in State College, PA is 6.2% lower than the national median of $86,220.
Is State College, PA a good place for Loan Officerss?
Yes, State College, PA is highly recommended due to strong job demand. While salaries are competitive ($80,910), the area is particularly notable for its high job density for Loan Officerss. See distinct detailed breakdown below.
Is State College, PA a good place to live for Loan Officers?
The Cost of Living Index in State College, PA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near State College, PA?
Some top paying nearby cities include Altoona, PA ($65,760) and Northwestern Pennsylvania nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 180 employees in the State College, PA area with a job density of 2.656 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 State College, PA
- All Occupations Salary in State College, PA
- Educational Instruction and Library Occupations Salary in State College, PA
- Office and Administrative Support Occupations Salary in State College, PA
- Food Preparation and Serving Related Occupations Salary in State College, PA
- Management Occupations Salary in State College, PA
- Sales and Related Occupations Salary in State College, PA
- Healthcare Practitioners and Technical Occupations Salary in State College, PA
- Transportation and Material Moving Occupations Salary in State College, PA
- Business and Financial Operations Occupations Salary in State College, PA
- Production Occupations Salary in State College, PA
- Browse All Jobs in State College, PA →
Semantic Salary Analysis for Loan Officers • Data source: BLS OEWS 2024 •Jobs in State College, PA