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Loan Officer Salary Information in Missouri

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

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

Percentile BracketAverage Annual Salary
10th Percentile Wage
$38,510
25th Percentile Wage
$49,480
50th Percentile Wage
$65,400
75th Percentile Wage
$87,960
90th Percentile Wage
$132,940

Table 1 shows the average annual salary for loan officers in Missouri in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $132,940. The median (50th percentile) annual salary is $65,400. The average annual salary for the bottom 10 percent is $38,510.

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
$65,400
2.97% 10.84%
2016
$63,460
8.46% -
2015
$58,090
5.85% -
2014
$54,690
-4.72% -
2013
$57,270
-1.82% -
2012
$58,310
- -

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

Table 3 shows the median annual salary of loan officers in some Missouri cities and metropolitan areas. We note that the median annual salary of loan officers in state of Missouri ranges from $46,680 to $77,890. The highest paying area for loan officers in Missouri is Springfield with a median annual salary of $77,890. The second highest paying city/area in Missouri State is Joplin (mean annual salary $77,660). The lowest paying area is St Joseph with a median annual salary of $46,680.

Cities/Areas Median Annual Salary
Springfield
$77,890
Joplin
$77,660
Kansas City
$71,710
St Louis
$68,140
Columbia
$63,410
Southeast Missouri nonmetropolitan area
$62,120
Jefferson City
$61,860
Cape Girardeau-Jackson
$60,930
North Missouri nonmetropolitan area
$60,490
Fayetteville-Springdale-Rogers
$60,300
Southwest Missouri nonmetropolitan area
$55,720
Central Missouri nonmetropolitan area
$52,120
St Joseph
$46,680




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