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West Virginia Earnings
West Virginia Metropolitan Areas Wages
Region
|
Average
|
Entry Level
|
Experienced
|
Charleston MSA
|
$55,480 or $26.67/hr
|
$37,090 or $17.83/hr
|
$83,030 or $39.92/hr
|
Cumberland MD-WV MSA
|
$52,330 or $25.16/hr
|
$32,970 or $15.85/hr
|
$83,220 or $40.01/hr
|
Hagerstown-Martinsburg MD-WV MSA
|
$84,750 or $40.74/hr
|
$41,720 or $20.06/hr
|
$139,840 or $67.23/hr
|
Huntington-Ashland WV-KY-OH MSA
|
$61,190 or $29.42/hr
|
$32,390 or $15.57/hr
|
$112,060 or $53.88/hr
|
Morgantown MSA
|
$72,080 or $34.65/hr
|
$38,090 or $18.31/hr
|
$121,860 or $58.59/hr
|
Parkersburg-Vienna MSA
|
$61,880 or $29.75/hr
|
$36,900 or $17.74/hr
|
$95,220 or $45.78/hr
|
Washington-Arlington-Alexandria DC-VA-MD-WV
|
$106,450 or $51.18/hr
|
$45,000 or $21.64/hr
|
$200,540 or $96.41/hr
|
Wheeling WV-OH MSA
|
$64,630 or $31.07/hr
|
$30,610 or $14.72/hr
|
$119,890 or $57.64/hr
|
Winchester VA-WV MSA
|
$79,690 or $38.31/hr
|
$41,000 or $19.71/hr
|
$131,910 or $63.42/hr
|
Beckley MSA
|
$56,670 or $27.24/hr
|
$36,200 or $17.40/hr
|
$107,240 or $51.56/hr
|
West Virginia Geographical Areas Wages
Region
|
Average
|
Entry Level
|
Experienced
|
Southern West Virginia nonmetropolitan area
|
$57,530 or $27.66/hr
|
$37,190 or $17.88/hr
|
$95,220 or $45.78/hr
|
Northern West Virginia nonmetropolitan area
|
$62,350 or $29.97/hr
|
$37,210 or $17.89/hr
|
$103,540 or $49.78/hr
|
West Virginia's Employment and Outlook (State-wide)
Outlook
|
Decreasing Growth rate is estimated to be -1%
|
Job Openings
|
66 estimated annual job openings
|
Employment
|
885 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
|
Workforce Investment Area 1
|
84
|
6%
|
|
7
|
7
|
Workforce Investment Area 2
|
98
|
6%
|
1
|
8
|
9
|
Workforce Investment Area 3
|
152
|
7%
|
1
|
11
|
12
|
Workforce Investment Area 4
|
95
|
6%
|
1
|
7
|
8
|
Workforce Investment Area 5
|
98
|
4%
|
|
7
|
7
|
Workforce Investment Area 6
|
189
|
6%
|
1
|
14
|
15
|
Workforce Investment Area 7
|
110
|
12%
|
1
|
8
|
9
|
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%)
|