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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 amongst 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 2016 and published in April 2017 [1].

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

Percentile BracketAverage Annual Salary
10th Percentile Wage
$34,160
25th Percentile Wage
$46,020
50th Percentile Wage
$63,460
75th Percentile Wage
$88,540
90th Percentile Wage
$132,870

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 $132,870. The median (50th percentile) annual salary is $63,460. The average annual salary for the bottom 10 percent is $34,160.

Percentile BracketAverage Hourly Salary
10th Percentile Wage
$16.42
25th Percentile Wage
$22.12
50th Percentile Wage
$30.51
75th Percentile Wage
$42.57
90th Percentile Wage
$63.88

Table 2 shows the average hourly salary for loan officers in Missouri in 5 percentile scales. The average hourly salary for the 90th percentile is $63.88. The median hourly salary is $30.51. The average hourly salary for the bottom 10 percent is $16.42.

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
201663,4608.46%8.12%
201558,0905.85%-
201454,690-4.72%-
201357,270-1.82%-
201258,310--

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 $39,340 to $74,230. The highest paying area for loan officers in Missouri is Kansas City with a median annual salary of $74,230. The second highest paying city/area in Missouri State is Springfield (mean annual salary $69,710). The lowest paying area is Columbia with a median annual salary of $39,340.

Cities/Areas Median Annual Salary
Kansas City
$74,230
Springfield
$69,710
St Louis
$67,840
Cape Girardeau-Jackson
$64,320
North Missouri nonmetropolitan area
$62,440
Central Missouri nonmetropolitan area
$61,640
Southeast Missouri nonmetropolitan area
$61,020
Fayetteville-Springdale-Rogers
$59,510
Joplin
$56,350
Jefferson City
$52,970
Southwest Missouri nonmetropolitan area
$52,080
St Joseph
$50,470
Columbia
$39,340


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