Loan Officers Pay Range in Alabama
Pay distribution across experience levels
- 10th Percentile — Entry Level$42,090
- 25th Percentile — Junior$49,470
- 50th Percentile — Median$66,710
- 75th Percentile — Senior$102,990
- 90th Percentile — Top Earners$155,660
Half of Loan Officers in Alabama earn more than $66,710. The top 10% make $155,660 or more, while entry-level workers start around $42,090.
Loan Officers in Alabama: Key Facts
Source: BLS OEWS May 2025
- Alabama ranks 33rd of 51 states for Loan Officers pay, at $83,410 per year (5.0% below the U.S. average of $87,790).
- 5,050 people work as Loan Officers in Alabama — 1.8% of all U.S. Loan Officers jobs.
- Location quotient 1.35: Loan Officers jobs are more concentrated in Alabama than in the U.S. overall.
- Pay range: the lowest-paid 10% earn under $42,090; the top 10% earn over $155,660.
- Hourly equivalent: $40.1 per hour (2,080 hours/year).
- The highest-paying state is Massachusetts at $118,390.
- Among business jobs in Alabama, Personal Financial Advisors pays the most ($132,860).
Loan Officers Job Market in Alabama
Key factors affecting compensation
Alabama's key industries are Automotive, Aerospace, Agriculture, and its job market is rated moderate. Loan Officers here earn $83,410 on average, placing the state 33rd nationally.
With a cost-of-living index of 0.87 (U.S. = 1.00), a Alabama salary of $83,410 is roughly equivalent to $95,874 at the national average cost of living.
Compared with nearby states in the pay ranking, Maryland ($84,190), North Carolina ($84,160), Michigan ($83,990) are the closest alternatives for Loan Officers weighing a move.
U.S. Bureau of Labor Statistics · Occupational Employment and Wage Statistics (OES) · May 2025
Other Business Jobs in Alabama
Related career salary benchmarks
- Personal Financial Advisors $132,860/yr Alabama +59.3% vs this role
- Management Analysts $116,540/yr Alabama +39.7% vs this role
- Project Management Specialists $109,660/yr Alabama +31.5% vs this role
- Business Operations Specialists All Other $106,330/yr Alabama +27.5% vs this role
- Budget Analysts $101,420/yr Alabama +21.6% vs this role
- Logisticians $100,340/yr Alabama +20.3% vs this role
- Financial and Investment Analysts $99,690/yr Alabama +19.5% vs this role
- Credit Analysts $93,100/yr Alabama +11.6% vs this role
Frequently Asked Questions
Common questions about this salary
What is the average Loan Officers salary in Alabama?
The average Loan Officers salary in Alabama is $83,410 per year (median $66,710), which is 5.0% below the national average of $87,790.
How does Alabama rank for Loan Officers pay?
Alabama ranks 33rd out of 51 states. The highest-paying state is Massachusetts ($118,390/yr).
How much do entry-level Loan Officers make in Alabama?
The lowest-paid 10% of Loan Officers in Alabama earn about $42,090 per year and the 25th percentile is $49,470.
How much do Loan Officers make per hour in Alabama?
About $40.1 per hour, based on the $83,410 annual average and 2,080 working hours per year.
How many Loan Officers work in Alabama?
BLS counts 5,050 Loan Officers jobs in Alabama (OEWS May 2025).
Related Salary Pages
Explore more salary data