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Loan Officer Salary Information in Alabama

The average annual and hourly salaries for loan officers in the state of Alabama are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of loan officers amongst Alabama metropolitan areas is shown in Table 3. The salary statistics are based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2017 and published in April 2018 [1].

Table 1 & 2. Annual & Hourly Salary of Loan Officers in Alabama

Percentile BracketAverage Annual Salary
10th Percentile Wage
$32,900
25th Percentile Wage
$40,740
50th Percentile Wage
$59,080
75th Percentile Wage
$85,500
90th Percentile Wage
$117,860

Table 1 shows the average annual salary for loan officers in Alabama in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $117,860. The median (50th percentile) annual salary is $59,080. The average annual salary for the bottom 10 percent is $32,900.

Salary Trend (2012 to 2017)

The table and chart below show the trend of the median salary of loan officers from 2012 to 2017.

YearMedian SalaryYearly Growth5-Year Growth
2017
$59,080
4.81% 8.90%
2016
$56,240
-2.58% -
2015
$57,690
1.75% -
2014
$56,680
-2.82% -
2013
$58,280
7.65% -
2012
$53,820
- -

Table 3. Median Annual Salary of Loan Officers in Alabama Cities

Table 3 shows the median annual salary of loan officers in some Alabama cities and metropolitan areas. We note that the median annual salary of loan officers in state of Alabama ranges from $39,420 to $77,430. The highest paying area for loan officers in Alabama is Auburn-Opelika with a median annual salary of $77,430. The second highest paying city/area in Alabama State is Birmingham-Hoover (mean annual salary $67,560). The lowest paying area is Gadsden with a median annual salary of $39,420.

Cities/Areas Median Annual Salary
Auburn-Opelika
$77,430
Birmingham-Hoover
$67,560
Tuscaloosa
$63,510
Huntsville
$61,660
Northwest Alabama nonmetropolitan area
$59,700
Dothan
$56,950
Southwest Alabama nonmetropolitan area
$54,960
Florence-Muscle Shoals
$53,550
Northeast Alabama nonmetropolitan area
$53,530
Mobile
$49,010
Anniston-Oxford
$48,170
Southeast Alabama nonmetropolitan area
$47,670
Montgomery
$47,200
Decatur
$46,160
Gadsden
$39,420




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