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Loan Officer Salary Information in Mississippi

The average annual and hourly salaries for loan officers in the state of Mississippi are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of loan officers amongst Mississippi 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 2016 and published in April 2017 [1].

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

Percentile BracketAverage Annual Salary
10th Percentile Wage
$31,540
25th Percentile Wage
$41,950
50th Percentile Wage
$56,400
75th Percentile Wage
$78,800
90th Percentile Wage
$108,940

Table 1 shows the average annual salary for loan officers in Mississippi in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $108,940. The median (50th percentile) annual salary is $56,400. The average annual salary for the bottom 10 percent is $31,540.

Percentile BracketAverage Hourly Salary
10th Percentile Wage
$15.16
25th Percentile Wage
$20.17
50th Percentile Wage
$27.12
75th Percentile Wage
$37.89
90th Percentile Wage
$52.38

Table 2 shows the average hourly salary for loan officers in Mississippi in 5 percentile scales. The average hourly salary for the 90th percentile is $52.38. The median hourly salary is $27.12. The average hourly salary for the bottom 10 percent is $15.16.

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
201656,40011.40%8.97%
201549,9705.94%-
201447,0002.00%-
201346,060-11.46%-
201251,340--

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

Table 3 shows the median annual salary of loan officers in some Mississippi cities and metropolitan areas. We note that the median annual salary of loan officers in state of Mississippi ranges from $34,680 to $71,110. The highest paying area for loan officers in Mississippi is Southwest Mississippi nonmetropolitan area with a median annual salary of $71,110. The second highest paying city/area in Mississippi State is Hattiesburg (mean annual salary $69,540). The lowest paying area is Pascagoula with a median annual salary of $34,680.

Cities/Areas Median Annual Salary
Southwest Mississippi nonmetropolitan area
$71,110
Hattiesburg
$69,540
Jackson
$64,040
Northwest Mississippi nonmetropolitan area
$63,650
Southeast Mississippi nonmetropolitan area
$54,030
Northeast Mississippi nonmetropolitan area
$53,580
Gulfport-Biloxi
$40,720
Pascagoula
$34,680



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