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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 2016 and published in April 2017 [1].

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

Percentile BracketAverage Annual Salary
10th Percentile Wage
$27,470
25th Percentile Wage
$35,640
50th Percentile Wage
$53,280
75th Percentile Wage
$78,120
90th Percentile Wage
$104,340

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 $104,340. The median (50th percentile) annual salary is $53,280. The average annual salary for the bottom 10 percent is $27,470.

Percentile BracketAverage Hourly Salary
10th Percentile Wage
$13.21
25th Percentile Wage
$17.14
50th Percentile Wage
$25.61
75th Percentile Wage
$37.56
90th Percentile Wage
$50.17

Table 2 shows the average hourly salary for loan officers in Oklahoma in 5 percentile scales. The average hourly salary for the 90th percentile is $50.17. The median hourly salary is $25.61. The average hourly salary for the bottom 10 percent is $13.21.

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
201653,280-5.35%19.89%
201556,1307.59%-
201451,8706.98%-
201348,25011.54%-
201242,680--

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 $48,200 to $67,790. The highest paying area for loan officers in Oklahoma is Lawton with a median annual salary of $67,790. The second highest paying city/area in Oklahoma State is Northwestern Oklahoma nonmetropolitan area (mean annual salary $59,110). The lowest paying area is Northeastern Oklahoma nonmetropolitan area with a median annual salary of $48,200.

Cities/Areas Median Annual Salary
Lawton
$67,790
Northwestern Oklahoma nonmetropolitan area
$59,110
Southeastern Oklahoma nonmetropolitan area
$56,130
Southwestern Oklahoma nonmetropolitan area
$53,870
Tulsa
$53,760
Oklahoma City
$52,810
Fort Smith
$49,860
Northeastern Oklahoma nonmetropolitan area
$48,200


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