Average Loan Officers Salary in Utica-Rome, NY
The average salary for a Loan Officers in Utica-Rome, NY is $77,770. This compensation is in line with national standards, reflecting a balanced and stable local job market.
Executive Summary
- Average Salary: $77,770 per year.
- Growth Trend: Salaries have shifted 22.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $135,030.
- Outlook: The current demand for Loan Officerss is stable, with a local workforce of approximately 150 professionals. This role remains a specialized component of the broader Utica-Rome, NY economy.
Salary Overview
The average Loan Officers in Utica-Rome, NY earns-9.8%below the national average.
$37.4
$1,496
$6,481
Loan Officers Salary Trends (2020-2024)
Over the past 4 years, Loan Officers salaries in Utica-Rome, NY have experienced a rapid surge, growing by 22.4%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Loan Officers Salary Distribution in Utica-Rome, NY
The earning potential for Loan Officerss in Utica-Rome, NY 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 $40,830, while highly experienced professionals can command wages upwards of $135,030.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $40,830 | $19.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $58,328 | $28 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $58,370 | $28.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $97,213 | $46.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $135,030 | $64.9 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$77,770
Gross Pay
Real Wage (Purchasing Power)
$77,770
Adjusted for COL (100)
In Utica-Rome, NY, the Cost of Living Index is 100. This increases your effective purchasing power from $77,770 to $77,770.
Job Market Context
150
Total Jobs
1.276
Per 1K Jobs
0.68
Location Quotient
Utica-Rome, NY has 0.68x 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.
150 people work as Loan Officers in Utica-Rome, NY.
1.276 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. |
|---|---|---|
| Syracuse, NY Loan Officers Salary | $97,570↑ 25% | 46 mi |
| Southwest New York nonmetropolitan area Loan Officers Salary | $81,270↑ 5% | 66 mi |
| Central East New York nonmetropolitan area Loan Officers Salary | $90,670↑ 17% | 66 mi |
| Capital/Northern New York nonmetropolitan area Loan Officers Salary | $82,470↑ 6% | 66 mi |
| Watertown-Fort Drum, NY Loan Officers Salary | $100,150↑ 29% | 70 mi |
Comparing salaries near Utica-Rome, NY
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Utica-Rome, NY?
The median annual salary for a Loan Officers in Utica-Rome, NY is $77,770. This typically ranges from $40,830 for entry-level positions to $135,030 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Utica-Rome, NY is 9.8% lower than the national median of $86,220.
Is Utica-Rome, NY a good place for Loan Officerss?
It depends on your priorities. While the average Loan Officers salary in Utica-Rome, NY is $77,770 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Utica-Rome, NY. See distinct detailed breakdown below.
Is Utica-Rome, NY a good place to live for Loan Officers?
The Cost of Living Index in Utica-Rome, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Utica-Rome, NY?
Some top paying nearby cities include Syracuse, NY ($97,570) and Southwest New York 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 150 employees in the Utica-Rome, NY area with a job density of 1.276 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 Utica-Rome, NY