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Loan Officers in Alabama

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Loan Officers in Alabama

Want to work in Alabama as a Loan Officer? Read this first!

10.3% Jobs Projection
$57,660 Median Salary
360 Job Openings

You’re in luck! Jobs for Loan Officers in Alabama are projected to grow and these jobs tend to pay higher than average.

  • Projected employment for Loan Officers in Alabama is growing faster than average.

  • Loan Officers in Alabama earn higher salaries than the typical U.S. wage earner.

How Many Loan Officers Work in Alabama?

3,910 people worked as Loan Officers in 2018 in this state.

There were 3,850 Loan Officers employed in this state in 2017.

That’s growth of 60 jobs between 2017 and 2018.

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The typical state has 4,250 Loan Officers working in it, which means Alabama has fewer Loan Officers than average.

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Job Projections for Alabama

Jobs for Loan Officers in this state are growing at a rate of 10.3% which is slower than the nationwide estimated projection of 11.4%.

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Alabama Annual Job Openings

The BLS is projecting 360 annual Loan Officers job openings in Alabama, and 4,170 total jobs in the year 2026.

Nationwide, the prediction is 30,400 annual jobs and 354,900 total jobs in 2026.

What do Loan Officers Make in Alabama?

In 2018 wages for Loan Officers ranged from $33,210 to $116,470 with $57,660 being the median annual salary.

Broken down to an hourly rate, workers in this field made anywhere from $15.97 to $55.99. The median hourly rate was $27.72.

Workers in this field were paid a median of $28.41 an hour in 2017.

The hourly rate declined by $0.69.

The median salary in Alabama is higher than the nationwide median salary.

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Top Alabama Metros for Loan Officers

The table below shows some of the metros in this state with the most Loan Officers.

Metro Number Employed Annual Median Salary
Birmingham-Hoover, AL 1,180 $60,940
Huntsville, AL 380 $66,890
Montgomery, AL 340 $48,410
Tuscaloosa, AL 250 $63,490
Mobile, AL 240 $58,690
Columbus, GA-AL 220 $53,760
Florence-Muscle Shoals, AL 200 $52,540
Daphne-Fairhope-Foley, AL 190 $70,500
Auburn-Opelika, AL 90 $64,260
Decatur, AL 70 $43,020
Dothan, AL 60 $63,480
Gadsden, AL 50 $38,480
Anniston-Oxford-Jacksonville, AL 50 $51,790

Top States for Loan Officers Employment

The table below shows the states where most Loan Officers work.

State Number Employed Annual Median Salary
California 37,030 $61,310
Texas 19,950 $68,710
Florida 18,000 $67,760
North Carolina 13,910 $62,360
New York 12,890 $78,520
Illinois 12,330 $66,570
Ohio 11,520 $64,770
Virginia 10,140 $63,860
Pennsylvania 10,010 $59,340
Arizona 8,970 $54,400
Georgia 7,790 $54,690
Minnesota 7,740 $72,030
Missouri 7,130 $68,010
Wisconsin 7,090 $62,850
Washington 6,940 $60,540
New Jersey 6,670 $73,180
Massachusetts 5,780 $70,090
Tennessee 5,440 $54,490
Kentucky 5,300 $60,400
Utah 5,220 $45,470

Below are the states where Loan Officers get paid the most:

State Annual Median Salary
New York $78,520
New Hampshire $76,430
Nebraska $75,800
Connecticut $74,990
District of Columbia $74,840
New Jersey $73,180
Minnesota $72,030
Kansas $71,550
Massachusetts $70,090
Texas $68,710

Discover similar careers:

Occupation AL Employment Total

References

More about our data sources and methodologies.

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