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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 amongst Kentucky 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 Kentucky

Percentile BracketAverage Annual Salary
10th Percentile Wage
$33,740
25th Percentile Wage
$45,090
50th Percentile Wage
$63,100
75th Percentile Wage
$82,560
90th Percentile Wage
$112,600

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 $112,600. The median (50th percentile) annual salary is $63,100. The average annual salary for the bottom 10 percent is $33,740.

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
$63,100
-0.11% 23.14%
2016
$63,170
3.44% -
2015
$61,000
6.49% -
2014
$57,040
5.31% -
2013
$54,010
10.20% -
2012
$48,500
- -

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 $45,140 to $69,500. The highest paying area for loan officers in Kentucky is Lexington-Fayette with a median annual salary of $69,500. The second highest paying city/area in Kentucky State is Louisville-Jefferson County (mean annual salary $65,590). The lowest paying area is Bowling Green with a median annual salary of $45,140.

Cities/Areas Median Annual Salary
Lexington-Fayette
$69,500
Louisville-Jefferson County
$65,590
South Central Kentucky nonmetropolitan area
$62,570
Elizabethtown
$61,380
West Central Kentucky nonmetropolitan area
$57,760
East Kentucky nonmetropolitan area
$57,380
West Kentucky nonmetropolitan area
$57,210
Evansville
$46,440
Owensboro
$46,370
Bowling Green
$45,140




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