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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 cities 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 2016 and published in April 2017 [1].

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

Percentile BracketAverage Annual Salary
10th Percentile Wage
$32,970
25th Percentile Wage
$41,610
50th Percentile Wage
$56,240
75th Percentile Wage
$79,310
90th Percentile Wage
$115,060

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 $115,060. The median (50th percentile) annual salary is $56,240. The average annual salary for the bottom 10 percent is $32,970.

Percentile BracketAverage Hourly Salary
10th Percentile Wage
$15.85
25th Percentile Wage
$20.00
50th Percentile Wage
$27.04
75th Percentile Wage
$38.13
90th Percentile Wage
$55.32

Table 2 shows the average hourly salary for loan officers in Alabama in 5 percentile scales. The average hourly salary for the 90th percentile is $55.32. The median hourly salary is $27.04. The average hourly salary for the bottom 10 percent is $15.85.

Salary Trend (2012 to 2016)

The following table and chart show the trend of the median salary of loan officers from 2012 to 2016.

YearMedian SalaryYearly Growth4-Year Growth
201656,240-2.58%4.30%
201557,6901.75%-
201456,680-2.82%-
201358,2807.65%-
201253,820--

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 $38,940 to $73,450. The highest paying area for loan officers in Alabama is Auburn-Opelika with a median annual salary of $73,450. The second highest paying city/area in Alabama State is Anniston-Oxford (mean annual salary $73,430). The lowest paying area is Southwest Alabama nonmetropolitan area with a median annual salary of $38,940.

Cities/Areas Median Annual Salary
Auburn-Opelika
$73,450
Anniston-Oxford
$73,430
Northwest Alabama nonmetropolitan area
$64,320
Mobile
$64,110
Huntsville
$63,340
Dothan
$61,860
Tuscaloosa
$61,680
Northeast Alabama nonmetropolitan area
$59,050
Birmingham-Hoover
$56,120
Decatur
$55,220
Florence-Muscle Shoals
$51,120
Gadsden
$49,320
Southeast Alabama nonmetropolitan area
$47,230
Montgomery
$44,580
Southwest Alabama nonmetropolitan area
$38,940


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