Average Loan Officers Salary in Waco, TX
The average salary for Loan Officerss in Waco, TX is $75,900. While this is lower than the national average, the cost of living in Waco, TX may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $75,900 per year.
- Growth Trend: Salaries have shifted 4.4% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $154,630.
- Outlook: The current demand for Loan Officerss is stable, with a local workforce of approximately 170 professionals. This role remains a specialized component of the broader Waco, TX economy.
Salary Overview
The average Loan Officers in Waco, TX earns-12.0%below the national average.
$36.5
$1,460
$6,325
Loan Officers Salary Trends (2020-2024)
Over the past 4 years, Loan Officers salaries in Waco, TX have seen a slight adjustment of -4.4%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Loan Officers Salary Distribution in Waco, TX
The earning potential for Loan Officerss in Waco, TX varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 4.6x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $33,900, while highly experienced professionals can command wages upwards of $154,630.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $33,900 | $16.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $56,925 | $27.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $61,680 | $29.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $94,875 | $45.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $154,630 | $74.3 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$75,900
Gross Pay
Real Wage (Purchasing Power)
$75,900
Adjusted for COL (100)
In Waco, TX, the Cost of Living Index is 100. This increases your effective purchasing power from $75,900 to $75,900.
Job Market Context
170
Total Jobs
1.284
Per 1K Jobs
0.68
Location Quotient
Waco, TX 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.
170 people work as Loan Officers in Waco, TX.
1.284 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. |
|---|---|---|
| North Region of Texas nonmetropolitan area Loan Officers Salary | $76,230↑ 0% | 41 mi |
| Northwestern Region of Texas nonmetropolitan area Loan Officers Salary | $78,060↑ 3% | 41 mi |
| Hill Country Region of Texas nonmetropolitan area Loan Officers Salary | $74,420↓ 2% | 41 mi |
| Coastal Plains Region of Texas nonmetropolitan area Loan Officers Salary | $84,630↑ 12% | 41 mi |
| Eastern Region of Texas nonmetropolitan area Loan Officers Salary | $80,160↑ 6% | 41 mi |
Comparing salaries near Waco, TX
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Waco, TX?
The median annual salary for a Loan Officers in Waco, TX is $75,900. This typically ranges from $33,900 for entry-level positions to $154,630 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Waco, TX is 12.0% lower than the national median of $86,220.
Is Waco, TX a good place for Loan Officerss?
It depends on your priorities. While the average Loan Officers salary in Waco, TX is $75,900 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Waco, TX. See distinct detailed breakdown below.
Is Waco, TX a good place to live for Loan Officers?
The Cost of Living Index in Waco, TX is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Waco, TX?
Some top paying nearby cities include North Region of Texas nonmetropolitan area ($76,230) and Northwestern Region of Texas 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 170 employees in the Waco, TX area with a job density of 1.284 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 Waco, TX