Loan Officers Pay Range in Mississippi
Pay distribution across experience levels
- 10th Percentile — Entry Level$37,030
- 25th Percentile — Junior$44,930
- 50th Percentile — Median$60,260
- 75th Percentile — Senior$83,330
- 90th Percentile — Top Earners$131,510
Half of Loan Officers in Mississippi earn more than $60,260. The top 10% make $131,510 or more, while entry-level workers start around $37,030.
Loan Officers in Mississippi: Key Facts
Source: BLS OEWS May 2025
- Mississippi ranks 46th of 51 states for Loan Officers pay, at $73,480 per year (16.3% below the U.S. average of $87,790).
- 3,450 people work as Loan Officers in Mississippi — 1.3% of all U.S. Loan Officers jobs.
- Location quotient 1.68: Loan Officers jobs are more concentrated in Mississippi than in the U.S. overall.
- Pay range: the lowest-paid 10% earn under $37,030; the top 10% earn over $131,510.
- Hourly equivalent: $35.33 per hour (2,080 hours/year).
- The highest-paying state is Massachusetts at $118,390.
- Among business jobs in Mississippi, Personal Financial Advisors pays the most ($117,880).
Loan Officers Job Market in Mississippi
Key factors affecting compensation
Mississippi's key industries are Agriculture, Manufacturing, Healthcare, and its job market is rated low. Loan Officers here earn $73,480 on average, placing the state 46th nationally.
With a cost-of-living index of 0.8 (U.S. = 1.00), a Mississippi salary of $73,480 is roughly equivalent to $91,850 at the national average cost of living.
Compared with nearby states in the pay ranking, Montana ($77,390), Arizona ($77,060), New Mexico ($75,410) 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 Mississippi
Related career salary benchmarks
- Personal Financial Advisors $117,880/yr Mississippi +60.4% vs this role
- Project Management Specialists $89,910/yr Mississippi +22.4% vs this role
- Credit Analysts $89,430/yr Mississippi +21.7% vs this role
- Financial Examiners $88,450/yr Mississippi +20.4% vs this role
- Financial and Investment Analysts $87,580/yr Mississippi +19.2% vs this role
- Business Operations Specialists All Other $84,140/yr Mississippi +14.5% vs this role
- Management Analysts $80,190/yr Mississippi +9.1% vs this role
- Accountants and Auditors $77,680/yr Mississippi +5.7% vs this role
Frequently Asked Questions
Common questions about this salary
What is the average Loan Officers salary in Mississippi?
The average Loan Officers salary in Mississippi is $73,480 per year (median $60,260), which is 16.3% below the national average of $87,790.
How does Mississippi rank for Loan Officers pay?
Mississippi ranks 46th out of 51 states. The highest-paying state is Massachusetts ($118,390/yr).
How much do entry-level Loan Officers make in Mississippi?
The lowest-paid 10% of Loan Officers in Mississippi earn about $37,030 per year and the 25th percentile is $44,930.
How much do Loan Officers make per hour in Mississippi?
About $35.33 per hour, based on the $73,480 annual average and 2,080 working hours per year.
How many Loan Officers work in Mississippi?
BLS counts 3,450 Loan Officers jobs in Mississippi (OEWS May 2025).
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