The average salary for a loan officer in Arkansas is around $55,514 per year.
Avg Salary
This is 7% above the national average. Updated in 2018.
Loan officers earn an average yearly salary of $55,514. Wages typically start from $29,083 and go up to $105,964.
Loan officer earnings by seniority
Approximate values based on highest and lowest earning segments.
Loan officer salary by state
| State Name | Average Salary |
|---|---|
| Connecticut | $88,768 |
| Illinois | $81,620 |
| New York | $78,520 |
| District of Columbia | $74,840 |
| Massachusetts | $70,090 |
| Kansas | $75,462 |
| New Hampshire | $76,430 |
| New Jersey | $73,180 |
| Maryland | $68,060 |
| Texas | $68,710 |
| Hawaii | $66,666 |
| Nebraska | $75,800 |
| Virginia | $63,860 |
| Nevada | $60,630 |
| Minnesota | $72,030 |
| Kentucky | $67,450 |
| Florida | $67,760 |
| Pennsylvania | $66,807 |
| Oregon | $64,610 |
| Missouri | $68,010 |
| Maine | $64,110 |
| Georgia | $54,690 |
| Washington | $60,540 |
| California | $60,420 |
| North Dakota | $67,610 |
| Wisconsin | $62,850 |
| North Carolina | $62,360 |
| Ohio | $64,770 |
| Colorado | $61,010 |
| Delaware | $60,140 |
| Idaho | $59,677 |
| Wyoming | $61,860 |
| Rhode Island | $60,460 |
| South Carolina | $60,250 |
| Iowa | $61,518 |
| Oklahoma | $61,230 |
| Indiana | $57,023 |
| Alaska | $56,980 |
| Vermont | $58,650 |
| Arizona | $52,696 |
| Mississippi | $57,500 |
| Montana | $57,840 |
| Tennessee | $54,490 |
| New Mexico | $51,460 |
| Arkansas | $55,514 |
| South Dakota | $59,520 |
| Alabama | $53,488 |
| Utah | $45,470 |
| Louisiana | $48,230 |
| West Virginia | $48,820 |
| Guam | $45,840 |
| Puerto Rico | $29,150 |
How do loan officer salaries compare to similar careers?
Loan officers earn about the same as related careers in Arkansas. On average, they make less than statisticians but more than accountants.
| Career | Median Salary |
|---|---|
| Statistician salary | $76K |
| Stock trader salary | $52K |
| Financial advisor salary | $60K |
| Business analyst salary | $55K |
| Auditor salary | $60K |
| Loan officer salary | $56K |
| Cost estimator salary | $56K |
| Operations research analyst salary | $55K |
| Securities and commodities broker salary | $54K |
| Accountant salary | $55K |
Source: CareerExplorer (Aggregated)