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Loan Officer Salary Information in Texas

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

Percentile BracketAverage Annual Salary
10th Percentile Wage
$36,100
25th Percentile Wage
$51,080
50th Percentile Wage
$70,330
75th Percentile Wage
$104,310
90th Percentile Wage
$160,160

Table 1 shows the average annual salary for loan officers in Texas in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $160,160. The median (50th percentile) annual salary is $70,330. The average annual salary for the bottom 10 percent is $36,100.

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
$70,330
2.47% 17.29%
2016
$68,590
5.70% -
2015
$64,680
2.47% -
2014
$63,080
6.01% -
2013
$59,290
1.89% -
2012
$58,170
- -

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

Table 3 shows the median annual salary of loan officers in some Texas cities and metropolitan areas. We note that the median annual salary of loan officers in state of Texas ranges from $51,070 to $102,970. The highest paying area for loan officers in Texas is Laredo with a median annual salary of $102,970. The second highest paying city/area in Texas State is Tyler (mean annual salary $90,120). The lowest paying area is El Paso with a median annual salary of $51,070.

Cities/Areas Median Annual Salary
Laredo
$102,970
Tyler
$90,120
Victoria
$86,790
Houston-Sugar Land-Baytown
$82,620
Northwestern Texas nonmetropolitan area
$80,730
Lubbock
$80,480
Wichita Falls
$80,100
College Station-Bryan
$79,890
Odessa
$79,150
Abilene
$76,730
Sherman-Denison
$75,920
Longview
$74,050
Fort Worth-Arlington
$72,370
Killeen-Temple-Fort Hood
$72,000
Corpus Christi
$71,040
Austin-Round Rock-San Marcos
$70,730
Beaumont-Port Arthur
$70,110
McAllen-Edinburg-Mission
$70,110
Dallas-Fort Worth-Arlington
$69,110
Southern Texas nonmetropolitan area
$68,230
Dallas-Plano-Irving
$68,090
San Angelo
$66,900
Amarillo
$65,460
Gulf Coast Texas nonmetropolitan area
$64,320
Brownsville-Harlingen
$64,180
Midland
$62,800
North Central Texas nonmetropolitan area
$62,750
Central Texas nonmetropolitan area
$62,230
Waco
$62,220
San Antonio-New Braunfels
$62,060
Eastern Texas nonmetropolitan area
$58,580
Texarkana-Texarkana
$57,530
El Paso
$51,070




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