Business & Finance Parkersburg, WV Pop. 29,675

Loan Officer Salary in Parkersburg, West Virginia

The median loan officer salary in Parkersburg, WV is $52,592 per year, which is 20% below the national median and 4.8% below the West Virginia state average.

City Median
$52,592
vs State Avg
$-2,630
vs National
$-13,148
Cost of Living
80%

Loan Officer Salary in Parkersburg by Experience

In Parkersburg, an entry-level loan officer earns around $30,400, while experienced professionals earn up to $104,000 per year. The local cost of living index is 80% of the national average.

Entry Level (0-2 yrs)
$30,400
$-7,600 vs national
Mid Level (3-7 yrs)
$52,800
$-13,200 vs national
Senior Level (8+ yrs)
$104,000
$-26,000 vs national

Salary Percentiles in Parkersburg, WV

Percentile Parkersburg
10th Percentile $28,160
25th Percentile $36,320
Median (50th) $52,592
75th Percentile $80,000
90th Percentile $123,040

Loan Officer Salary in Other West Virginia Cities

Morgantown, WV
$59,166
Pop. 30,955
Charleston, WV
$57,851
Pop. 48,006
Huntington, WV
$53,907
Pop. 46,842
Wheeling, WV
$51,277
Pop. 26,711

How to Become a Loan Officer in Parkersburg

Education

Most loan officer positions require a bachelor's degree. Parkersburg 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 Parkersburg may vary based on local industry and population growth.

Find Loan Officer Jobs in Parkersburg

Browse open loan officer positions in Parkersburg, WV:

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Frequently Asked Questions: Loan Officer Salary in Parkersburg

How much does a Loan Officer make in Parkersburg, WV? ▼
The median loan officer salary in Parkersburg, West Virginia is $52,592 per year, which is 20% below the national median of $65,740. Salaries range from $28,160 (10th percentile) to $123,040 (90th percentile).
How much does a Loan Officer make per hour in Parkersburg? ▼
Based on the median annual salary of $52,592, a loan officer in Parkersburg earns approximately $25 per hour assuming a standard 2,080-hour work year.
How does Parkersburg compare to the West Virginia state average for loan officer pay? ▼
Parkersburg's median loan officer salary of $52,592 is 4.8% below the West Virginia state average of $55,222. The local cost of living index is 80% of the national average.
What is the cost of living in Parkersburg, WV? ▼
Parkersburg has a cost of living index of 80% compared to the national average. This means a loan officer salary of $52,592 in Parkersburg has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Parkersburg? ▼
Most loan officer positions in Parkersburg 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.