Loan officers
Salary, job outlook, AI risk & career information
Loan officers in the United States earn a median salary of $76,690 per year — about $37 per hour, according to the U.S. Bureau of Labor Statistics. Roughly 301K people work in this occupation nationwide, with projected employment growth of +2%.
AI & Automation Risk
The core tasks of loan officers—analyzing financial data, verifying documentation, and assessing risk—are fundamentally digital and highly susceptible to AI automation. While complex commercial loans and relationship-based mortgage sales still require human judgment and interpersonal skills, the rapid advancement of automated underwriting and AI-driven customer service significantly reduces the need for human intervention in routine loan processing.
Salary by City — What You Actually Take Home
Real purchasing power = salary adjusted for cost of living. Higher = more money in your pocket.
| City | Local Salary | Cost of Living | Real Purchasing Power |
|---|---|---|---|
| Enid, OK *BEST VALUE | $104,990 | Below avg (84.3) | $124,589 |
| Wichita, KS | $99,170 | Below avg (88.9) | $111,495 |
| Lawrence, KS | $100,480 | Below avg (90.2) | $111,344 |
| Jonesboro, AR | $94,960 | Below avg (85.9) | $110,578 |
| Des Moines-West Des Moines, IA | $101,190 | Below avg (91.7) | $110,348 |
| Rochester, MN | $98,110 | Below avg (90.8) | $108,026 |
| Iowa City, IA | $98,630 | Below avg (91.5) | $107,782 |
| Topeka, KS | $95,330 | Below avg (88.8) | $107,329 |
| Grand Forks, ND-MN | $92,820 | Below avg (86.7) | $107,105 |
| Lincoln, NE | $97,770 | Below avg (91.6) | $106,758 |
| St. Cloud, MN | $92,570 | Below avg (87.6) | $105,635 |
| Mankato, MN | $94,850 | Below avg (91.0) | $104,282 |
| Fargo, ND-MN | $93,640 | Below avg (90.9) | $103,047 |
| Lewiston-Auburn, ME | $96,990 | Below avg (94.7) | $102,379 |
| Elmira, NY | $95,050 | Below avg (94.4) | $100,691 |