Business & Finance Essex, VT Pop. 22,044

Loan Officer Salary in Essex, Vermont

The median loan officer salary in Essex, VT is $67,055 per year, which is 2.0% above the national median and 1.0% above the Vermont state average.

City Median
$67,055
vs State Avg
+$658
vs National
+$1,315
Cost of Living
102%

Loan Officer Salary in Essex by Experience

In Essex, an entry-level loan officer earns around $38,760, while experienced professionals earn up to $132,600 per year. The local cost of living index is 102% of the national average.

Entry Level (0-2 yrs)
$38,760
+$760 vs national
Mid Level (3-7 yrs)
$67,320
+$1,320 vs national
Senior Level (8+ yrs)
$132,600
+$2,600 vs national

Salary Percentiles in Essex, VT

Percentile Essex
10th Percentile $35,904
25th Percentile $46,308
Median (50th) $67,055
75th Percentile $102,000
90th Percentile $156,876

Loan Officer Salary in Other Vermont Cities

Burlington, VT
$72,314
Pop. 44,743
South Burlington, VT
$70,999
Pop. 20,292
Colchester, VT
$65,740
Pop. 17,658
Rutland, VT
$59,166
Pop. 15,807

How to Become a Loan Officer in Essex

Education

Most loan officer positions require a bachelor's degree. Essex and the surrounding Vermont area have institutions offering relevant programs.

Key Skills

Credit AnalysisMortgage LendingCustomer ServiceRegulatory ComplianceSalesFinancial Software

Job Outlook

Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). Demand in Essex may vary based on local industry and population growth.

Find Loan Officer Jobs in Essex

Browse open loan officer positions in Essex, VT:

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Frequently Asked Questions: Loan Officer Salary in Essex

How much does a Loan Officer make in Essex, VT? ▼
The median loan officer salary in Essex, Vermont is $67,055 per year, which is 2.0% above the national median of $65,740. Salaries range from $35,904 (10th percentile) to $156,876 (90th percentile).
How much does a Loan Officer make per hour in Essex? ▼
Based on the median annual salary of $67,055, a loan officer in Essex earns approximately $32 per hour assuming a standard 2,080-hour work year.
How does Essex compare to the Vermont state average for loan officer pay? ▼
Essex's median loan officer salary of $67,055 is 1.0% above the Vermont state average of $66,397. The local cost of living index is 102% of the national average.
What is the cost of living in Essex, VT? ▼
Essex has a cost of living index of 102% compared to the national average. This means a loan officer salary of $67,055 in Essex has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Essex? ▼
Most loan officer positions in Essex require a bachelor's degree. Key skills include Credit Analysis, Mortgage Lending, Customer Service, Regulatory Compliance. The job market is projected to grow 3% nationally over the next decade.