Nominal salary tells you how much money you receive. Cost-of-living-adjusted salary tells you how much that money can actually buy. A $200,000 salary in San Francisco and a $140,000 salary in Austin can provide nearly identical purchasing power. Tax differences are not included.
Where Should I Live?
Nominal vs COL-Adjusted Salary
| # | Location | Median (Nominal) | COL Index | Adjusted | COL Rank |
|---|---|---|---|---|---|
| 1 | New York, NY | $70,000 | 125.1 | $55,955 | #1 |
| 2 | Los Angeles, CA | $46,509 | 138.5 | $33,580 | #2 |
Key Insights
- The highest nominal salary for Loan Officers is in New York, NY at $70,000, but after cost-of-living adjustment New York, NY offers the best purchasing power at $55,955 equivalent.
Salary Check
Are you a Loan Officers wondering if you are underpaid?
Compare your pay against government-filed salary data for this role.