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Oklahoma Earnings
Oklahoma Metropolitan Areas Wages
Region
|
Average
|
Entry Level
|
Experienced
|
Enid MSA
|
$70,720 or $34.00/hr
|
$33,400 or $16.06/hr
|
$131,420 or $63.18/hr
|
Fort Smith AR-OK MSA
|
$74,290 or $35.72/hr
|
$33,750 or $16.23/hr
|
$131,490 or $63.22/hr
|
Lawton MSA
|
$68,000 or $32.69/hr
|
$34,720 or $16.69/hr
|
$123,810 or $59.53/hr
|
Oklahoma City MSA
|
$74,630 or $35.88/hr
|
$38,020 or $18.28/hr
|
$131,850 or $63.39/hr
|
Tulsa MSA
|
$77,630 or $37.32/hr
|
$37,980 or $18.26/hr
|
$139,780 or $67.20/hr
|
Oklahoma Geographical Areas Wages
Region
|
Average
|
Entry Level
|
Experienced
|
Northeast Oklahoma nonmetropolitan area
|
$80,100 or $38.51/hr
|
$36,920 or $17.75/hr
|
$128,030 or $61.56/hr
|
Northwest Oklahoma nonmetropolitan area
|
$67,010 or $32.22/hr
|
$37,290 or $17.93/hr
|
$104,620 or $50.30/hr
|
Southwest Oklahoma nonmetropolitan area
|
$74,090 or $35.62/hr
|
$37,340 or $17.95/hr
|
$115,130 or $55.35/hr
|
Southeast Oklahoma nonmetropolitan area
|
$74,010 or $35.58/hr
|
$37,170 or $17.87/hr
|
$120,270 or $57.82/hr
|
Oklahoma's Employment and Outlook (State-wide)
Outlook
|
Stable Growth rate is estimated to be 18%
|
Job Openings
|
430 estimated annual job openings
|
Employment
|
4,280 were employed in this occupation
|
Regions with stable outlook (0 to 20% growth rate expected)
Region
|
Employment
|
Projected Growth Rate
|
Annual Openings (growth)
|
Annual Openings (replacement)
|
Annual Openings
|
Northeast
|
350
|
17%
|
5
|
N/A
|
34
|
Northwest
|
390
|
3%
|
1
|
N/A
|
31
|
Southeast
|
550
|
9%
|
4
|
N/A
|
48
|
Southwest
|
230
|
13%
|
3
|
N/A
|
21
|
Tulsa MSA
|
960
|
4%
|
5
|
N/A
|
79
|
Lawton MSA
|
80
|
12%
|
1
|
N/A
|
8
|
Oklahoma City MSA
|
1,470
|
6%
|
9
|
N/A
|
124
|
Enid
|
60
|
0%
|
|
N/A
|
5
|
National Earnings
Note: variations in salaries reflect differences in size of firm, location, level of education and professional credentials.
Where do these numbers come from?
National Employment and Outlook
Outlook
|
stable
|
|
The employment change from 2021 to 2031 is estimated to be +4%.
(The National average for all occupations is +5%)
|
Job Openings
|
very small number
|
|
A total of 2940 average annual openings are expected for this occupation between 2021 and 2031.
(The National Average for all occupations is 1,757 openings)
|
Employment
|
medium occupation
|
|
This was a medium sized occupation in the United States, employing 354,600 workers in 2021.
(The National average for all occupations is 142,207 workers)
|
Growth
|
Average growth
|
|
Increased demand for loan officers is expected as both businesses and individuals seek credit to finance commercial investments and personal spending. Loan officers will be needed to evaluate the creditworthiness of applicants and determine the likelihood that loans will be paid back in full and on time. However, the decline of bank branches and the increased use of productivity-enhancing technology in loan processing are expected to slow employment growth.
|
Industries
|
Large concentrations of this occupation are found in these industries
- Finance and insurance (NAICS520000) (86.1%)
- Credit intermediation and related activities (NAICS522000) (82.7%)
- Nondepository credit intermediation (NAICS522200) (30.7%)
- Other Nondepository Credit Intermediation (NAICS522290) (28.4%)
|