SalaryNode

Average Loan Officers Salary in Tallahassee, FL

Loan Officers in Tallahassee, FL earn an average annual salary of $72,760. This figure is notably below the national average of $86,220, suggesting that local market dynamics, such as demand and the cost of doing business, play a significant role in compensation levels within the region.

Executive Summary

  • Average Salary: $72,760 per year.
  • Growth Trend: Salaries have shifted 7.8% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $117,160.
  • Outlook: With a local workforce of 300 Loan Officers and a Location Quotient of 0.86, Tallahassee presents a slightly less concentrated market compared to the national average. This indicates a stable, albeit not exceptionally high, demand for these professionals, suggesting a consistent job market for those seeking or maintaining a career in this field within the city.
2024 Market Data

Salary Overview

$72,760

The average Loan Officers in Tallahassee, FL earns-15.6%below the national average.

BreakdownBased on 40h/week
Hourly

$35

Weekly

$1,399

Monthly

$6,063

Loan Officers Salary Distribution in Tallahassee, FL

The career path for Loan Officers typically involves salary increases with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with a proven track record and specialized skills can command salaries in the higher percentiles. These percentile gaps are indicative of the significant career progression and earning potential available within the role.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$28,630$13.8
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$54,570$26.2
ManagerOversees team, compliance, and project delivery.50% (Median)$62,070$29.8
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$90,950$43.7
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$117,160$56.3

Detailed Loan Officers Market Analysis

Relocation Context

Nominal Salary

$72,760

Gross Pay

Real Wage (Purchasing Power)

$72,760

Adjusted for COL (100)

The average annual salary of $72,760 in Tallahassee, FL, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Loan Officer's salary in Tallahassee is equivalent to the national average, offering a stable financial standing relative to the cost of goods and services.

Job Market Context

300

Total Jobs

1.629

Per 1K Jobs

0.86

Location Quotient

Below Average

Tallahassee, FL has 0.86x 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 0.86 for Loan Officers in Tallahassee, FL, indicates that the profession is slightly less concentrated than the national average. This suggests that while there is a steady presence of Loan Officers, the market is not oversaturated, potentially offering a balanced environment for job seekers and employers alike.

Nearby Job Markets

Nearby Cities for Loan Officers

CitySalaryDist.
Valdosta, GA Loan Officers Salary$67,250↓ 8%64 mi
Albany, GA Loan Officers Salary$78,140↑ 7%78 mi
Panama City-Panama City Beach, FL Loan Officers Salary$80,950↑ 11%82 mi
Dothan, AL Loan Officers Salary$71,530↓ 2%87 mi

Comparing salaries near Tallahassee, FL

Hiring Loan Officerss?

Frequently Asked Questions

How much does a Loan Officers make in Tallahassee, FL?

The median annual salary for a Loan Officers in Tallahassee, FL is $72,760. This typically ranges from $28,630 for entry-level positions to $117,160 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Tallahassee, FL is 15.6% lower than the national median of $86,220.

Is Tallahassee, FL a lucrative place for Loan Officers?

No, not exceptionally lucrative compared to the national average.The average salary of $72,760 is below the national average of $86,220, though the cost of living is on par with the national average.

Is Tallahassee, FL a good place to live for Loan Officers?

The Cost of Living Index in Tallahassee, FL is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Tallahassee, FL?

Some top paying nearby cities include Valdosta, GA ($67,250) and Albany, GA.

How does the number of Loan Officers in Tallahassee compare nationally?

Tallahassee has approximately 1.629 Loan Officers per 1,000 workers, which is slightly below the national average, reflecting a moderate presence of the profession in the local economy.

What is the significance of the Location Quotient for Loan Officers in Tallahassee?

A Location Quotient of 0.86 suggests that Loan Officers are slightly less prevalent in Tallahassee compared to the national average, indicating a stable but not overly concentrated job market for this role.

Does the cost of living in Tallahassee affect the Loan Officer salary?

The cost of living in Tallahassee is exactly at the national average (100), meaning the $72,760 salary offers purchasing power equivalent to the national average salary.

What is the total number of Loan Officers in Tallahassee?

The total local workforce for Loan Officers in Tallahassee, FL, is approximately 300 individuals.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 300 employees in the Tallahassee, FL area with a job density of 1.629 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Loan Officers • Data source: BLS OEWS 2024 •Jobs in Tallahassee, FL