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Average Loan Officers Salary in Wilmington, NC

Loan Officers in Wilmington, NC, command an impressive average annual salary of $104,580, significantly surpassing the national average of $86,220. This elevated compensation is likely driven by a combination of local economic factors and a concentrated demand for skilled financial professionals within the Wilmington area.

Executive Summary

  • Average Salary: $104,580 per year.
  • Growth Trend: Salaries have shifted 8.7% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $170,390.
  • Outlook: Wilmington, NC, presents a robust job market for Loan Officers, evidenced by a total local workforce of 530 individuals. The Location Quotient of 1.51 indicates a higher concentration of these roles compared to the national average, suggesting consistent demand and a healthy employment landscape for professionals in this field.
2024 Market Data

Salary Overview

$104,580

The average Loan Officers in Wilmington, NC earns+21.3%above the national average.

BreakdownBased on 40h/week
Hourly

$50.3

Weekly

$2,011

Monthly

$8,715

Loan Officers Salary Distribution in Wilmington, NC

Career progression for Loan Officers in Wilmington, NC, typically correlates with increased earning potential. Entry-level positions may start at a lower percentile, but with experience and demonstrated success, professionals can advance to senior roles, commanding salaries in the higher percentiles. The widening gap between entry-level and senior salaries signifies clear opportunities for career and financial growth.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$39,570$19
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$78,435$37.7
ManagerOversees team, compliance, and project delivery.50% (Median)$81,540$39.2
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$130,725$62.8
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$170,390$81.9

Detailed Loan Officers Market Analysis

Relocation Context

Nominal Salary

$104,580

Gross Pay

Real Wage (Purchasing Power)

$104,580

Adjusted for COL (100)

The average annual salary of $104,580 in Wilmington, NC, is particularly attractive given the local Cost of Living Index is precisely at the national average of 100. This means that the purchasing power of a Loan Officer's salary in Wilmington is equivalent to the national average, allowing for a comfortable standard of living without the added financial strain of a higher cost of living.

Job Market Context

530

Total Jobs

2.846

Per 1K Jobs

1.51

Location Quotient

Major Hub

Wilmington, NC has 1.5x the national concentration of Loan Officers jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.

With a Location Quotient of 1.51, Wilmington, NC, demonstrates a notably higher concentration of Loan Officers than the national average. This suggests a competitive yet abundant job market where demand for these professionals is strong, potentially leading to more opportunities and a dynamic employment environment for those in the field.

Nearby Job Markets

Nearby Cities for Loan Officers

CitySalaryDist.
Jacksonville, NC Loan Officers Salary$76,360↓ 27%46 mi
Myrtle Beach-Conway-North Myrtle Beach, SC Loan Officers Salary$74,770↓ 29%67 mi
Goldsboro, NC Loan Officers Salary$87,840↓ 16%81 mi
Fayetteville, NC Loan Officers Salary$81,940↓ 22%87 mi
Greenville, NC Loan Officers Salary$70,200↓ 33%100 mi

Comparing salaries near Wilmington, NC

Hiring Loan Officerss?

Frequently Asked Questions

How much does a Loan Officers make in Wilmington, NC?

The median annual salary for a Loan Officers in Wilmington, NC is $104,580. This typically ranges from $39,570 for entry-level positions to $170,390 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Wilmington, NC is 21.3% higher than the national median of $86,220.

Is Wilmington, NC a lucrative place for Loan Officers?

Yes, Wilmington, NC is a lucrative place for Loan Officers.Loan Officers in Wilmington earn significantly above the national average salary, and with a Cost of Living Index at the national average, their earnings provide strong purchasing power.

Is Wilmington, NC a good place to live for Loan Officers?

The Cost of Living Index in Wilmington, NC is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Wilmington, NC?

Some top paying nearby cities include Jacksonville, NC ($76,360) and Myrtle Beach-Conway-North Myrtle Beach, SC.

How does Wilmington's Loan Officer salary compare to the national average?

The average annual salary for Loan Officers in Wilmington, NC, is $104,580, which is considerably higher than the national average of $86,220.

What is the significance of the Location Quotient (LQ) in Wilmington?

An LQ of 1.51 indicates that Loan Officers are 51% more concentrated in Wilmington, NC, than the national average, suggesting a robust local demand for these professionals.

How does the Cost of Living in Wilmington affect salary perception?

Wilmington's Cost of Living Index is 100, matching the national average. This means the higher average salary of $104,580 translates directly into strong purchasing power for Loan Officers in the area.

What is the total number of Loan Officers employed in Wilmington, NC?

There are approximately 530 Loan Officers employed within the Wilmington, NC, local workforce.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 530 employees in the Wilmington, NC area with a job density of 2.846 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Loan Officers • Data source: BLS OEWS 2024 •Jobs in Wilmington, NC