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Loan Officer Salary Information in Oklahoma

The average annual and hourly salaries for loan officers in the state of Oklahoma are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of loan officers among Oklahoma 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 Oklahoma

Percentile BracketAverage Annual Salary
10th Percentile Wage
$28,040
25th Percentile Wage
$39,570
50th Percentile Wage
$57,910
75th Percentile Wage
$80,340
90th Percentile Wage
$111,550

Table 1 shows the average annual salary for loan officers in Oklahoma in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $111,550. The median (50th percentile) annual salary is $57,910. The average annual salary for the bottom 10 percent is $28,040.

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
$57,910
8.00% 26.30%
2016
$53,280
-5.35% -
2015
$56,130
7.59% -
2014
$51,870
6.98% -
2013
$48,250
11.54% -
2012
$42,680
- -

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

Table 3 shows the median annual salary of loan officers in some Oklahoma cities and metropolitan areas. We note that the median annual salary of loan officers in state of Oklahoma ranges from $50,420 to $69,320. The highest paying area for loan officers in Oklahoma is Northwestern Oklahoma nonmetropolitan area with a median annual salary of $69,320. The second highest paying city/area in Oklahoma State is Lawton (mean annual salary $66,720). The lowest paying area is Southwestern Oklahoma nonmetropolitan area with a median annual salary of $50,420.

Cities/Areas Median Annual Salary
Northwestern Oklahoma nonmetropolitan area
$69,320
Lawton
$66,720
Tulsa
$58,110
Fort Smith
$58,060
Southeastern Oklahoma nonmetropolitan area
$56,460
Oklahoma City
$56,370
Northeastern Oklahoma nonmetropolitan area
$50,940
Southwestern Oklahoma nonmetropolitan area
$50,420




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