The average salary for a loan officer in Alabama is around $53,488 per year.
Avg Salary
Loan officers earn an average yearly salary of $53,488.
Wages typically start from $30,807 and go up to $92,867.
8% below national average Updated in 2018
Loan officer earnings by seniority
Approximate values based on highest and lowest earning segments.
Loan officer salary by state
| State Name | Average Salary |
|---|---|
| Alaska | $56,980 |
| Alabama | $53,488 |
| Arkansas | $55,514 |
| Arizona | $52,696 |
| California | $60,420 |
| Colorado | $61,010 |
| Connecticut | $88,768 |
| District of Columbia | $74,840 |
| Delaware | $60,140 |
| Florida | $67,760 |
| Georgia | $54,690 |
| Guam | $45,840 |
| Hawaii | $66,666 |
| Iowa | $61,518 |
| Idaho | $59,677 |
| Illinois | $81,620 |
| Indiana | $57,023 |
| Kansas | $75,462 |
| Kentucky | $67,450 |
| Louisiana | $48,230 |
| Massachusetts | $70,090 |
| Maryland | $68,060 |
| Maine | $64,110 |
| Minnesota | $72,030 |
| Missouri | $68,010 |
| Mississippi | $57,500 |
| Montana | $57,840 |
| North Carolina | $62,360 |
| North Dakota | $67,610 |
| Nebraska | $75,800 |
| New Hampshire | $76,430 |
| New Jersey | $73,180 |
| New Mexico | $51,460 |
| Nevada | $60,630 |
| New York | $78,520 |
| Ohio | $64,770 |
| Oklahoma | $61,230 |
| Oregon | $64,610 |
| Pennsylvania | $66,807 |
| Puerto Rico | $29,150 |
| Rhode Island | $60,460 |
| South Carolina | $60,250 |
| South Dakota | $59,520 |
| Tennessee | $54,490 |
| Texas | $68,710 |
| Utah | $45,470 |
| Virginia | $63,860 |
| Vermont | $58,650 |
| Washington | $60,540 |
| Wisconsin | $62,850 |
| West Virginia | $48,820 |
| Wyoming | $61,860 |
How do loan officer salaries compare to similar careers?
Loan officers earn about the same as related careers in Alabama. On average, they make less than credit analysts but more than financial clerks.
| Career | Median Salary |
|---|---|
| Credit analyst salary | $65K |
| Statistician salary | $59K |
| Auditor salary | $58K |
| Accountant salary | $57K |
| Cost estimator salary | $56K |
| Loan officer salary | $53K |
| Revenue agent salary | $54K |
| Social fundraiser salary | $49K |
| Credit counselor salary | $44K |
| Financial clerk salary | $35K |
Source: CareerExplorer (Aggregated)