Average Loan Officers Salary in Western Wisconsin nonmetropolitan area
Loan Officers in the Western Wisconsin nonmetropolitan area earn an average annual salary of $82,190. This figure is slightly below the national average of $86,220, a common occurrence in nonmetropolitan regions where economic drivers and industry concentration may differ from larger urban centers. The specific economic landscape and demand within this region directly influence compensation levels for financial professionals.
Executive Summary
- Average Salary: $82,190 per year.
- Growth Trend: Salaries have shifted 20.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $128,400.
- Outlook: The Western Wisconsin nonmetropolitan area supports a dedicated workforce of 270 Loan Officers. With a Location Quotient of 1.13, this indicates a slightly higher concentration of these professionals compared to the national average, suggesting a stable and present demand for their services within the local economy. The presence of 2.13 jobs per 1,000 workers further underscores the consistent need for skilled Loan Officers in this region.
Salary Overview
The average Loan Officers in Western Wisconsin nonmetropolitan area earns-4.7%below the national average.
$39.5
$1,581
$6,849
Loan Officers Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area isn't provided, it's reasonable to assume that Loan Officer salaries in Western Wisconsin have experienced steady growth over the past four years, mirroring national trends. Factors such as evolving market conditions, interest rate fluctuations, and increased demand for financial services likely contributed to incremental salary increases, ensuring compensation remains competitive within the local context.
Loan Officers Salary Distribution in Western Wisconsin nonmetropolitan area
Salary progression for Loan Officers in Western Wisconsin typically scales with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with a proven track record and specialized skills can command salaries in the higher percentiles. The widening gap between entry-level and senior roles signifies significant career advancement opportunities and increased earning potential as expertise and responsibilities grow.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $57,060 | $27.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $61,643 | $29.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $76,600 | $36.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $102,738 | $49.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $128,400 | $61.7 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$82,190
Gross Pay
Real Wage (Purchasing Power)
$82,190
Adjusted for COL (100)
The average annual salary of $82,190 in Western Wisconsin 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 this region is equivalent to the national standard, offering a stable financial footing without the added pressure of higher living expenses often found in metropolitan areas.
Job Market Context
270
Total Jobs
2.13
Per 1K Jobs
1.13
Location Quotient
With a location quotient of 1.13, Western Wisconsin nonmetropolitan area has a slightly higher-than-average concentration of Loan Officers roles compared to the national norm.
A Location Quotient of 1.13 for Loan Officers in Western Wisconsin suggests a job market that is slightly more concentrated than the national average. This indicates a healthy, albeit not overwhelmingly saturated, demand for these professionals. While not a booming market, the slightly elevated concentration points to a stable environment where experienced Loan Officers can find consistent opportunities.
Nearby Job Markets
Nearby Cities for Loan Officers
| City | Salary | Dist. |
|---|---|---|
| Wausau, WI Loan Officers Salary | $86,660↑ 5% | 48 mi |
| Oshkosh-Neenah, WI Loan Officers Salary | $86,100↑ 5% | 55 mi |
| Appleton, WI Loan Officers Salary | $86,450↑ 5% | 61 mi |
| Fond du Lac, WI Loan Officers Salary | $87,320↑ 6% | 68 mi |
| Green Bay, WI Loan Officers Salary | $86,250↑ 5% | 82 mi |
Comparing salaries near Western Wisconsin nonmetropolitan area
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Western Wisconsin nonmetropolitan area?
The median annual salary for a Loan Officers in Western Wisconsin nonmetropolitan area is $82,190. This typically ranges from $57,060 for entry-level positions to $128,400 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Western Wisconsin nonmetropolitan area is 4.7% lower than the national median of $86,220.
Is Western Wisconsin nonmetropolitan area a lucrative place for Loan Officerss?
Yes, it offers competitive compensation relative to its cost of living.Loan Officers in Western Wisconsin earn $82,190 annually, which aligns with the national average cost of living. This makes the area financially stable for professionals in this role.
Is Western Wisconsin nonmetropolitan area a good place to live for Loan Officers?
The Cost of Living Index in Western Wisconsin nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Western Wisconsin nonmetropolitan area?
Some top paying nearby cities include Wausau, WI ($86,660) and Oshkosh-Neenah, WI.
How does the salary compare to the national average?
The average salary for Loan Officers in Western Wisconsin is $82,190, which is slightly lower than the national average of $86,220.
What is the concentration of Loan Officers in this area?
The Location Quotient is 1.13, indicating a slightly higher concentration of Loan Officers in Western Wisconsin compared to the national average.
How does the cost of living affect salary perception?
With a Cost of Living Index of 100, the national average, the $82,190 salary in Western Wisconsin offers purchasing power equivalent to the national standard.
What is the total number of Loan Officers in this region?
There are approximately 270 Loan Officers employed in the Western Wisconsin 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 270 employees in the Western Wisconsin nonmetropolitan area area with a job density of 2.13 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 Western Wisconsin nonmetropolitan area