Average Loan Officers Salary in Staunton-Stuarts Draft, VA
The average salary for Loan Officerss in Staunton-Stuarts Draft, VA is $75,310. While this is lower than the national average, the cost of living in Staunton-Stuarts Draft, VA may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $75,310 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $126,390.
- Outlook: The current demand for Loan Officerss is stable, with a local workforce of approximately 70 professionals. This role remains a specialized component of the broader Staunton-Stuarts Draft, VA economy.
Salary Overview
The average Loan Officers in Staunton-Stuarts Draft, VA earns-12.7%below the national average.
$36.2
$1,448
$6,276
Loan Officers Salary Trends (2020-2024)
Historical trend data for Loan Officers in Staunton-Stuarts Draft, VA is limited, but current market signals indicate a stable demand environment.
Loan Officers Salary Distribution in Staunton-Stuarts Draft, VA
The earning potential for Loan Officerss in Staunton-Stuarts Draft, VA varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 3.3x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $38,210, while highly experienced professionals can command wages upwards of $126,390.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,210 | $18.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $56,483 | $27.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $71,000 | $34.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $94,138 | $45.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $126,390 | $60.8 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$75,310
Gross Pay
Real Wage (Purchasing Power)
$75,310
Adjusted for COL (100)
In Staunton-Stuarts Draft, VA, the Cost of Living Index is 100. This increases your effective purchasing power from $75,310 to $75,310.
Job Market Context
70
Total Jobs
1.455
Per 1K Jobs
0.77
Location Quotient
Staunton-Stuarts Draft, VA has 0.77x 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.
70 people work as Loan Officers in Staunton-Stuarts Draft, VA.
1.455 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. |
|---|---|---|
| Harrisonburg, VA Loan Officers Salary | $86,410↑ 15% | 22 mi |
| Charlottesville, VA Loan Officers Salary | $68,310↓ 9% | 32 mi |
| Lynchburg, VA Loan Officers Salary | $74,330↓ 1% | 53 mi |
| Southside Virginia nonmetropolitan area Loan Officers Salary | $81,430↑ 8% | 56 mi |
| Northern West Virginia nonmetropolitan area Loan Officers Salary | $63,250↓ 16% | 56 mi |
Comparing salaries near Staunton-Stuarts Draft, VA
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Staunton-Stuarts Draft, VA?
The median annual salary for a Loan Officers in Staunton-Stuarts Draft, VA is $75,310. This typically ranges from $38,210 for entry-level positions to $126,390 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Staunton-Stuarts Draft, VA is 12.7% lower than the national median of $86,220.
Is Staunton-Stuarts Draft, VA a good place for Loan Officerss?
It depends on your priorities. While the average Loan Officers salary in Staunton-Stuarts Draft, VA is $75,310 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Staunton-Stuarts Draft, VA. See distinct detailed breakdown below.
Is Staunton-Stuarts Draft, VA a good place to live for Loan Officers?
The Cost of Living Index in Staunton-Stuarts Draft, VA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Staunton-Stuarts Draft, VA?
Some top paying nearby cities include Harrisonburg, VA ($86,410) and Charlottesville, VA.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 70 employees in the Staunton-Stuarts Draft, VA area with a job density of 1.455 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 Staunton-Stuarts Draft, VA