Loan Officers in Louisiana
Get the information you need to know about working as a Loan Officer.
You’re in luck! Jobs for Loan Officers in Louisiana are projected to grow and these jobs tend to pay higher than average.
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Projected employment for Loan Officers in Louisiana is growing faster than average.
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Loan Officers in Louisiana earn lower salaries than the typical U.S. wage earner.
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How Many Loan Officers Work in Louisiana?
4,090 people worked as Loan Officers in 2018 in this state.
There were 3,800 Loan Officers employed in this state in 2017.
That’s growth of 290 jobs between 2017 and 2018.
The typical state has 4,250 Loan Officers working in it, which means Louisiana has fewer Loan Officers than average.
Job Projections for Louisiana
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%.
Louisiana Annual Job Openings
The BLS is projecting 360 annual Loan Officers job openings in Louisiana, and 4,160 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 Louisiana?
In 2018 wages for Loan Officers ranged from $28,030 to $95,370 with $48,230 being the median annual salary.
Broken down to an hourly rate, workers in this field made anywhere from $13.48 to $45.85. The median hourly rate was $23.19.
In 2017 the median pay for this field was $23.14 an hour.
The hourly rate grew by $0.05.
The median salary in Louisiana is higher than the nationwide median salary.
Top Louisiana 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 |
|---|---|---|
| New Orleans-Metairie, LA | 1,110 | $53,320 |
| Baton Rouge, LA | 910 | $49,420 |
| Lafayette, LA | 540 | $39,970 |
| Shreveport-Bossier City, LA | 290 | $39,120 |
| Alexandria, LA | 190 | $39,710 |
| Houma-Thibodaux, LA | 140 | $39,000 |
| Monroe, LA | 140 | $38,250 |
| Hammond, LA | 130 | $51,940 |
| Lake Charles, LA | 100 | $51,690 |
Top States for Loan Officers Employment
View the list below to see 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 |
Related Careers in LA
You may also be interested in the following careers:
References
- Bureau of Labor Statistics (BLS)
- College Factual
- National Center for Education Statistics
- O*NET Online
- Image Credit: By Dave Dugdale under License
More about our data sources and methodologies.
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