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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 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 2016 and published in April 2017 [1].

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

Percentile BracketAverage Annual Salary
10th Percentile Wage
$29,660
25th Percentile Wage
$40,340
50th Percentile Wage
$56,810
75th Percentile Wage
$77,930
90th Percentile Wage
$102,520

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 $102,520. The median (50th percentile) annual salary is $56,810. The average annual salary for the bottom 10 percent is $29,660.

Percentile BracketAverage Hourly Salary
10th Percentile Wage
$14.26
25th Percentile Wage
$19.39
50th Percentile Wage
$27.31
75th Percentile Wage
$37.47
90th Percentile Wage
$49.29

Table 2 shows the average hourly salary for loan officers in Arkansas in 5 percentile scales. The average hourly salary for the 90th percentile is $49.29. The median hourly salary is $27.31. The average hourly salary for the bottom 10 percent is $14.26.

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
201656,810-3.10%-6.23%
201558,570-2.17%-
201459,840-2.91%-
201361,5802.00%-
201260,350--

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 $47,260 to $64,730. The highest paying area for loan officers in Arkansas is East Arkansas nonmetropolitan area with a median annual salary of $64,730. The second highest paying city/area in Arkansas State is West Arkansas nonmetropolitan area (mean annual salary $61,390). The lowest paying area is South Arkansas nonmetropolitan area with a median annual salary of $47,260.

Cities/Areas Median Annual Salary
East Arkansas nonmetropolitan area
$64,730
West Arkansas nonmetropolitan area
$61,390
Jonesboro
$59,160
Hot Springs
$57,670
Little Rock-North Little Rock-Conway
$55,510
Central Arkansas nonmetropolitan area
$54,440
Pine Bluff
$48,110
South Arkansas nonmetropolitan area
$47,260


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