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Loan Officer Salary Information in Arkansas

The average annual and hourly salaries for loan officers in the state of Arkansas are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of loan officers among Arkansas 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 Arkansas

Percentile BracketAverage Annual Salary
10th Percentile Wage
$31,230
25th Percentile Wage
$43,230
50th Percentile Wage
$60,210
75th Percentile Wage
$84,160
90th Percentile Wage
$117,740

Table 1 shows the average annual salary for loan officers in Arkansas in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $117,740. The median (50th percentile) annual salary is $60,210. The average annual salary for the bottom 10 percent is $31,230.

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
$60,210
5.65% -0.23%
2016
$56,810
-3.10% -
2015
$58,570
-2.17% -
2014
$59,840
-2.91% -
2013
$61,580
2.00% -
2012
$60,350
- -

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

Table 3 shows the median annual salary of loan officers in some Arkansas cities and metropolitan areas. We note that the median annual salary of loan officers in state of Arkansas ranges from $50,230 to $70,900. The highest paying area for loan officers in Arkansas is Little Rock-North Little Rock-Conway with a median annual salary of $70,900. The second highest paying city/area in Arkansas State is East Arkansas nonmetropolitan area (mean annual salary $62,870). The lowest paying area is South Arkansas nonmetropolitan area with a median annual salary of $50,230.

Cities/Areas Median Annual Salary
Little Rock-North Little Rock-Conway
$70,900
East Arkansas nonmetropolitan area
$62,870
Central Arkansas nonmetropolitan area
$62,840
West Arkansas nonmetropolitan area
$57,880
Hot Springs
$57,670
Pine Bluff
$54,240
Jonesboro
$50,760
South Arkansas nonmetropolitan area
$50,230




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