SalaryNode

Average Loan Officers Salary in Topeka, KS

Loan Officers in Topeka, KS earn an impressive average annual salary of $94,500, significantly surpassing the national average of $86,220. This elevated compensation in Topeka can be attributed to a combination of local economic factors and the specific demand for financial services professionals within the region.

Executive Summary

  • Average Salary: $94,500 per year.
  • Growth Trend: Salaries have shifted 14.1% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $161,320.
  • Outlook: With a total local workforce of 230 Loan Officers, Topeka presents a stable, albeit not overwhelmingly large, employment landscape for this profession. The Location Quotient of 1.09 indicates a slightly higher concentration of Loan Officers in Topeka compared to the national average, suggesting a steady demand that aligns with or slightly exceeds national trends.
2024 Market Data

Salary Overview

$94,500

The average Loan Officers in Topeka, KS earns+9.6%above the national average.

BreakdownBased on 40h/week
Hourly

$45.4

Weekly

$1,817

Monthly

$7,875

Loan Officers Salary Distribution in Topeka, KS

The career trajectory for Loan Officers in Topeka, KS, shows a clear progression in earning potential. Entry-level positions typically start at the lower end of the salary spectrum, while seasoned professionals with extensive experience and a proven track record can command salaries significantly above the average. The gap between entry-level and senior-level salaries, often reflected in percentile data, signifies substantial opportunities for career advancement and increased compensation.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$50,680$24.4
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$70,875$34.1
ManagerOversees team, compliance, and project delivery.50% (Median)$82,910$39.9
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$118,125$56.8
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$161,320$77.6

Detailed Loan Officers Market Analysis

Relocation Context

Nominal Salary

$94,500

Gross Pay

Real Wage (Purchasing Power)

$94,500

Adjusted for COL (100)

For individuals considering a move to Topeka, the nominal average salary of $94,500 aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of a Loan Officer's salary in Topeka is equivalent to the national average, indicating that the higher local pay effectively offsets the cost of living, providing a stable financial footing.

Job Market Context

230

Total Jobs

2.059

Per 1K Jobs

1.09

Location Quotient

Above Average

With a location quotient of 1.09, Topeka, KS has a slightly higher-than-average concentration of Loan Officers roles compared to the national norm.

The Location Quotient of 1.09 for Loan Officers in Topeka signifies a market where this profession is slightly more concentrated than the national average. This suggests a healthy and competitive job market, where employers may actively seek qualified candidates, potentially leading to more robust salary negotiations and a steady flow of opportunities for skilled professionals.

Nearby Job Markets

Nearby Cities for Loan Officers

CitySalaryDist.
Lawrence, KS Loan Officers Salary$111,560↑ 18%24 mi
Manhattan, KS Loan Officers Salary$95,610↑ 1%50 mi
Kansas City, MO-KS Loan Officers Salary$90,450↓ 4%60 mi
Kansas nonmetropolitan area Loan Officers Salary$88,980↓ 6%66 mi
St. Joseph, MO-KS Loan Officers Salary$74,690↓ 21%68 mi

Comparing salaries near Topeka, KS

Hiring Loan Officerss?

Frequently Asked Questions

How much does a Loan Officers make in Topeka, KS?

The median annual salary for a Loan Officers in Topeka, KS is $94,500. This typically ranges from $50,680 for entry-level positions to $161,320 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Topeka, KS is 9.6% higher than the national median of $86,220.

Is Topeka, KS a lucrative place for Loan Officers?

Yes, Topeka, KS offers a lucrative environment for Loan Officers.Loan Officers in Topeka earn above the national average salary, and their compensation aligns with the national average cost of living, making it financially advantageous.

Is Topeka, KS a good place to live for Loan Officers?

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

Where are the highest paying cities near Topeka, KS?

Some top paying nearby cities include Lawrence, KS ($111,560) and Manhattan, KS.

How does Topeka's Loan Officer salary compare to the national average?

Loan Officers in Topeka, KS, earn an average of $94,500 annually, which is higher than the national average of $86,220.

What is the concentration of Loan Officers in Topeka, KS?

Topeka has a Location Quotient of 1.09 for Loan Officers, indicating a slightly higher concentration of these professionals compared to the national average.

Does the cost of living in Topeka affect Loan Officer salaries?

The cost of living in Topeka is at the national average (index of 100), meaning the higher average salary of $94,500 provides purchasing power equivalent to the national average.

How many Loan Officers are employed in Topeka, KS?

There are approximately 230 Loan Officers employed in Topeka, KS, representing 2.059 jobs per 1,000 workers in the area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 230 employees in the Topeka, KS area with a job density of 2.059 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 Topeka, KS