Average Loan Officers Salary in Wheeling, WV-OH
The average salary for Loan Officerss in Wheeling, WV-OH is $66,780. While this is lower than the national average, the cost of living in Wheeling, WV-OH may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $66,780 per year.
- Growth Trend: Salaries have shifted 1.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $135,620.
- Outlook: The current demand for Loan Officerss is stable, with a local workforce of approximately 120 professionals. This role remains a specialized component of the broader Wheeling, WV-OH economy.
Salary Overview
The average Loan Officers in Wheeling, WV-OH earns-22.5%below the national average.
$32.1
$1,284
$5,565
Loan Officers Salary Trends (2020-2024)
Over the past 4 years, Loan Officers salaries in Wheeling, WV-OH have remained stable with a modest increase of 1.1%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Loan Officers Salary Distribution in Wheeling, WV-OH
The earning potential for Loan Officerss in Wheeling, WV-OH varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 3.6x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $37,300, while highly experienced professionals can command wages upwards of $135,620.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,300 | $17.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $50,085 | $24.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $57,780 | $27.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $83,475 | $40.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $135,620 | $65.2 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$66,780
Gross Pay
Real Wage (Purchasing Power)
$66,780
Adjusted for COL (100)
In Wheeling, WV-OH, the Cost of Living Index is 100. This increases your effective purchasing power from $66,780 to $66,780.
Job Market Context
120
Total Jobs
1.982
Per 1K Jobs
1.05
Location Quotient
With a location quotient of 1.05, Wheeling, WV-OH has a slightly higher-than-average concentration of Loan Officers roles compared to the national norm.
120 people work as Loan Officers in Wheeling, WV-OH.
1.982 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. |
|---|---|---|
| Weirton-Steubenville, WV-OH Loan Officers Salary | $69,360↑ 4% | 24 mi |
| Pittsburgh, PA Loan Officers Salary | $73,250↑ 10% | 45 mi |
| Morgantown, WV Loan Officers Salary | $71,800↑ 8% | 50 mi |
| Canton-Massillon, OH Loan Officers Salary | $67,640↑ 1% | 62 mi |
| Youngstown-Warren, OH Loan Officers Salary | $69,940↑ 5% | 71 mi |
Comparing salaries near Wheeling, WV-OH
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Wheeling, WV-OH?
The median annual salary for a Loan Officers in Wheeling, WV-OH is $66,780. This typically ranges from $37,300 for entry-level positions to $135,620 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Wheeling, WV-OH is 22.5% lower than the national median of $86,220.
Is Wheeling, WV-OH a good place for Loan Officerss?
It depends on your priorities. While the average Loan Officers salary in Wheeling, WV-OH is $66,780 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Wheeling, WV-OH. See distinct detailed breakdown below.
Is Wheeling, WV-OH a good place to live for Loan Officers?
The Cost of Living Index in Wheeling, WV-OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Wheeling, WV-OH?
Some top paying nearby cities include Weirton-Steubenville, WV-OH ($69,360) and Pittsburgh, PA.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 120 employees in the Wheeling, WV-OH area with a job density of 1.982 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 Wheeling, WV-OH