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Loan Officers in Arkansas

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Loan Officers in Arkansas

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

12.7% Jobs Projection
$63,410 Median Salary
240 Job Openings

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

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

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

How Many Loan Officers Work in Arkansas?

2,650 people worked as Loan Officers in 2018 in this state.

There were 2,400 Loan Officers employed in this state in 2017.

That’s growth of 250 jobs between 2017 and 2018.

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

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Job Projections for Arkansas

Jobs for Loan Officers in this state are growing at a rate of 12.7% which is faster than the nationwide estimated projection of 11.4%.

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Arkansas Annual Job Openings

The BLS estimates 240 annual job openings, and a total of 2,760 jobs for Arkansas Loan Officers in 2026.

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

What do Loan Officers Make in Arkansas?

In 2018 wages for Loan Officers ranged from $33,220 to $125,430 with $63,410 being the median annual salary.

Broken down to an hourly rate, workers in this field made anywhere from $15.97 to $60.3. The median hourly rate was $30.48.

Workers in this field were paid a median of $28.95 an hour in 2017.

The hourly rate grew by $1.53.

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

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Top Arkansas 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
Memphis, TN-MS-AR 920 $49,250
Little Rock-North Little Rock-Conway, AR 820 $73,510
Fayetteville-Springdale-Rogers, AR-MO 520 $63,620
Fort Smith, AR-OK 200 $64,190
Jonesboro, AR 90 $55,780
Pine Bluff, AR 90 $62,730
Hot Springs, AR 80 $65,190

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 AR Employment Total

References

More about our data sources and methodologies.

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