Average Loan Officers Salary in Youngstown-Warren, OH
The average salary for Loan Officerss in Youngstown-Warren, OH is $69,940. While this is lower than the national average, the cost of living in Youngstown-Warren, OH may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $69,940 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $131,670.
- 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 Youngstown-Warren, OH economy.
Salary Overview
The average Loan Officers in Youngstown-Warren, OH earns-18.9%below the national average.
$33.6
$1,345
$5,828
Loan Officers Salary Trends (2020-2024)
Historical trend data for Loan Officers in Youngstown-Warren, OH is limited, but current market signals indicate a stable demand environment.
Loan Officers Salary Distribution in Youngstown-Warren, OH
The earning potential for Loan Officerss in Youngstown-Warren, OH varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 4.1x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $31,790, while highly experienced professionals can command wages upwards of $131,670.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $31,790 | $15.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $52,455 | $25.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $58,860 | $28.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $87,425 | $42 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $131,670 | $63.3 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$69,940
Gross Pay
Real Wage (Purchasing Power)
$69,940
Adjusted for COL (100)
In Youngstown-Warren, OH, the Cost of Living Index is 100. This increases your effective purchasing power from $69,940 to $69,940.
Job Market Context
170
Total Jobs
1.069
Per 1K Jobs
0.57
Location Quotient
Youngstown-Warren, OH has 0.57x 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 Youngstown-Warren, OH.
1.069 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. |
|---|---|---|
| Canton-Massillon, OH Loan Officers Salary | $67,640↓ 3% | 43 mi |
| Akron, OH Loan Officers Salary | $72,190↑ 3% | 46 mi |
| Weirton-Steubenville, WV-OH Loan Officers Salary | $69,360↓ 1% | 48 mi |
| Pittsburgh, PA Loan Officers Salary | $73,250↑ 5% | 57 mi |
| Cleveland, OH Loan Officers Salary | $82,760↑ 18% | 60 mi |
Comparing salaries near Youngstown-Warren, OH
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Youngstown-Warren, OH?
The median annual salary for a Loan Officers in Youngstown-Warren, OH is $69,940. This typically ranges from $31,790 for entry-level positions to $131,670 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Youngstown-Warren, OH is 18.9% lower than the national median of $86,220.
Is Youngstown-Warren, OH a good place for Loan Officerss?
It depends on your priorities. While the average Loan Officers salary in Youngstown-Warren, OH is $69,940 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Youngstown-Warren, OH. See distinct detailed breakdown below.
Is Youngstown-Warren, OH a good place to live for Loan Officers?
The Cost of Living Index in Youngstown-Warren, OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Youngstown-Warren, OH?
Some top paying nearby cities include Canton-Massillon, OH ($67,640) and Akron, OH.
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 Youngstown-Warren, OH area with a job density of 1.069 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 Youngstown-Warren, OH