Business & Finance Morgantown, WV Pop. 30,955

Loan Officer Salary in Morgantown, West Virginia

The median loan officer salary in Morgantown, WV is $59,166 per year, which is 10% below the national median and 7.1% above the West Virginia state average.

City Median
$59,166
vs State Avg
+$3,944
vs National
$-6,574
Cost of Living
90%

Loan Officer Salary in Morgantown by Experience

In Morgantown, an entry-level loan officer earns around $34,200, while experienced professionals earn up to $117,000 per year. The local cost of living index is 90% of the national average.

Entry Level (0-2 yrs)
$34,200
$-3,800 vs national
Mid Level (3-7 yrs)
$59,400
$-6,600 vs national
Senior Level (8+ yrs)
$117,000
$-13,000 vs national

Salary Percentiles in Morgantown, WV

Percentile Morgantown
10th Percentile $31,680
25th Percentile $40,860
Median (50th) $59,166
75th Percentile $90,000
90th Percentile $138,420

Loan Officer Salary in Other West Virginia Cities

Charleston, WV
$57,851
Pop. 48,006
Huntington, WV
$53,907
Pop. 46,842
Parkersburg, WV
$52,592
Pop. 29,675
Wheeling, WV
$51,277
Pop. 26,711

How to Become a Loan Officer in Morgantown

Education

Most loan officer positions require a bachelor's degree. Morgantown and the surrounding West Virginia 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 Morgantown may vary based on local industry and population growth.

Find Loan Officer Jobs in Morgantown

Browse open loan officer positions in Morgantown, WV:

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Frequently Asked Questions: Loan Officer Salary in Morgantown

How much does a Loan Officer make in Morgantown, WV? ▼
The median loan officer salary in Morgantown, West Virginia is $59,166 per year, which is 10% below the national median of $65,740. Salaries range from $31,680 (10th percentile) to $138,420 (90th percentile).
How much does a Loan Officer make per hour in Morgantown? ▼
Based on the median annual salary of $59,166, a loan officer in Morgantown earns approximately $28 per hour assuming a standard 2,080-hour work year.
How does Morgantown compare to the West Virginia state average for loan officer pay? ▼
Morgantown's median loan officer salary of $59,166 is 7.1% above the West Virginia state average of $55,222. The local cost of living index is 90% of the national average.
What is the cost of living in Morgantown, WV? ▼
Morgantown has a cost of living index of 90% compared to the national average. This means a loan officer salary of $59,166 in Morgantown has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Morgantown? ▼
Most loan officer positions in Morgantown 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.