Average Loan Officers Salary in Watertown-Fort Drum, NY
Yes, Watertown-Fort Drum, NY is a highly lucrative market for Loan Officerss. With an average annual salary of $100,150, professionals here earn significantly more than the national norm.
Executive Summary
- Average Salary: $100,150 per year.
- Growth Trend: Salaries have shifted 30.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $209,990.
- Outlook: The current demand for Loan Officerss is stable, with a local workforce of approximately 60 professionals. This role remains a specialized component of the broader Watertown-Fort Drum, NY economy.
Salary Overview
The average Loan Officers in Watertown-Fort Drum, NY earns+16.2%above the national average.
$48.2
$1,926
$8,346
Loan Officers Salary Trends (2020-2024)
Over the past 4 years, Loan Officers salaries in Watertown-Fort Drum, NY have experienced a rapid surge, growing by 30.0%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Loan Officers Salary Distribution in Watertown-Fort Drum, NY
The earning potential for Loan Officerss in Watertown-Fort Drum, NY varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 5.5x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $38,480, while highly experienced professionals can command wages upwards of $209,990.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,480 | $18.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $75,113 | $36.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $75,010 | $36.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $125,188 | $60.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $209,990 | $101 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$100,150
Gross Pay
Real Wage (Purchasing Power)
$100,150
Adjusted for COL (100)
In Watertown-Fort Drum, NY, the Cost of Living Index is 100. This increases your effective purchasing power from $100,150 to $100,150.
Job Market Context
60
Total Jobs
1.57
Per 1K Jobs
0.83
Location Quotient
Watertown-Fort Drum, NY has 0.83x 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.
60 people work as Loan Officers in Watertown-Fort Drum, NY.
1.57 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↓ 3% | 66 mi |
| Utica-Rome, NY Loan Officers Salary | $77,770↓ 22% | 70 mi |
Comparing salaries near Watertown-Fort Drum, NY
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Watertown-Fort Drum, NY?
The median annual salary for a Loan Officers in Watertown-Fort Drum, NY is $100,150. This typically ranges from $38,480 for entry-level positions to $209,990 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Watertown-Fort Drum, NY is 16.2% higher than the national median of $86,220.
Is Watertown-Fort Drum, NY a good place for Loan Officerss?
Yes, Watertown-Fort Drum, NY is financially attractive for Loan Officerss. The average salary of $100,150 exceeds the national average. See distinct detailed breakdown below.
Is Watertown-Fort Drum, NY a good place to live for Loan Officers?
The Cost of Living Index in Watertown-Fort Drum, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Watertown-Fort Drum, NY?
Some top paying nearby cities include Syracuse, NY ($97,570) and Utica-Rome, NY.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 60 employees in the Watertown-Fort Drum, NY area with a job density of 1.57 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 Watertown-Fort Drum, NY