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Loan Officer Salary Information in Louisiana

The average annual and hourly salaries for loan officers in the state of Louisiana are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of loan officers among Louisiana 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 2017 and published in April 2018 [1].

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

Percentile BracketAverage Annual Salary
10th Percentile Wage
$28,770
25th Percentile Wage
$35,640
50th Percentile Wage
$48,130
75th Percentile Wage
$67,610
90th Percentile Wage
$96,510

Table 1 shows the average annual salary for loan officers in Louisiana in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $96,510. The median (50th percentile) annual salary is $48,130. The average annual salary for the bottom 10 percent is $28,770.

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
$48,130
2.93% 8.37%
2016
$46,720
-1.18% -
2015
$47,270
3.87% -
2014
$45,440
-1.10% -
2013
$45,940
4.01% -
2012
$44,100
- -

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

Table 3 shows the median annual salary of loan officers in some Louisiana cities and metropolitan areas. We note that the median annual salary of loan officers in state of Louisiana ranges from $37,000 to $76,790. The highest paying area for loan officers in Louisiana is New Iberia nonmetropolitan area with a median annual salary of $76,790. The second highest paying city/area in Louisiana State is Houma-Bayou Cane-Thibodaux (mean annual salary $69,700). The lowest paying area is Alexandria with a median annual salary of $37,000.

Cities/Areas Median Annual Salary
New Iberia nonmetropolitan area
$76,790
Houma-Bayou Cane-Thibodaux
$69,700
Natchitoches nonmetropolitan area
$62,220
Winnsboro nonmetropolitan area
$57,750
Lake Charles
$49,820
Baton Rouge
$49,020
New Orleans-Metairie-Kenner
$48,100
Lafayette
$43,770
Shreveport-Bossier City
$40,430
Monroe
$39,080
Hammond nonmetropolitan area
$37,740
Alexandria
$37,000




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