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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 among Mississippi 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 Mississippi

Percentile BracketAverage Annual Salary
10th Percentile Wage
$32,390
25th Percentile Wage
$41,130
50th Percentile Wage
$60,390
75th Percentile Wage
$79,910
90th Percentile Wage
$111,410

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 $111,410. The median (50th percentile) annual salary is $60,390. The average annual salary for the bottom 10 percent is $32,390.

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
$60,390
6.61% 14.99%
2016
$56,400
11.40% -
2015
$49,970
5.94% -
2014
$47,000
2.00% -
2013
$46,060
-11.46% -
2012
$51,340
- -

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 $70,790. The highest paying area for loan officers in Mississippi is Southwest Mississippi nonmetropolitan area with a median annual salary of $70,790. The second highest paying city/area in Mississippi State is Jackson (mean annual salary $70,470). The lowest paying area is Pascagoula with a median annual salary of $34,680.

Cities/Areas Median Annual Salary
Southwest Mississippi nonmetropolitan area
$70,790
Jackson
$70,470
Northeast Mississippi nonmetropolitan area
$63,320
Northwest Mississippi nonmetropolitan area
$62,970
Southeast Mississippi nonmetropolitan area
$53,860
Hattiesburg
$49,440
Gulfport-Biloxi
$44,980
Pascagoula
$34,680




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