National » Loan Officers » Kentucky

Loan Officer Salary Information in Kentucky

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

Percentile BracketAverage Annual Salary
10th Percentile Wage
$34,670
25th Percentile Wage
$45,700
50th Percentile Wage
$63,170
75th Percentile Wage
$84,880
90th Percentile Wage
$112,840

Table 1 shows the average annual salary for loan officers in Kentucky in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $112,840. The median (50th percentile) annual salary is $63,170. The average annual salary for the bottom 10 percent is $34,670.

Percentile BracketAverage Hourly Salary
10th Percentile Wage
$16.67
25th Percentile Wage
$21.97
50th Percentile Wage
$30.37
75th Percentile Wage
$40.81
90th Percentile Wage
$54.25

Table 2 shows the average hourly salary for loan officers in Kentucky in 5 percentile scales. The average hourly salary for the 90th percentile is $54.25. The median hourly salary is $30.37. The average hourly salary for the bottom 10 percent is $16.67.

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
201663,1703.44%23.22%
201561,0006.49%-
201457,0405.31%-
201354,01010.20%-
201248,500--

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

Table 3 shows the median annual salary of loan officers in some Kentucky cities and metropolitan areas. We note that the median annual salary of loan officers in state of Kentucky ranges from $47,410 to $72,200. The highest paying area for loan officers in Kentucky is Lexington-Fayette with a median annual salary of $72,200. The second highest paying city/area in Kentucky State is Louisville-Jefferson County (mean annual salary $67,130). The lowest paying area is Evansville with a median annual salary of $47,410.

Cities/Areas Median Annual Salary
Lexington-Fayette
$72,200
Louisville-Jefferson County
$67,130
Elizabethtown
$60,960
Bowling Green
$59,530
West Central Kentucky nonmetropolitan area
$58,720
East Kentucky nonmetropolitan area
$56,260
West Kentucky nonmetropolitan area
$55,500
South Central Kentucky nonmetropolitan area
$55,470
Owensboro
$49,520
Evansville
$47,410


Related:

Highest paying cities for loan officers

Highest paying industries for loan officers.