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 (86.5) | $121,439 |
| Topeka, KS | $95,330 | Below avg (85.8) | $111,057 |
| Wichita, KS | $99,170 | Below avg (89.4) | $110,902 |
| Lawrence, KS | $100,480 | Below avg (90.9) | $110,514 |
| Jonesboro, AR | $94,960 | Below avg (86.0) | $110,460 |
| Des Moines-West Des Moines, IA | $101,190 | Below avg (92.8) | $109,097 |
| Mankato, MN | $94,850 | Below avg (87.6) | $108,218 |
| Grand Forks, ND-MN | $92,820 | Below avg (85.9) | $108,045 |
| Iowa City, IA | $98,630 | Below avg (91.9) | $107,334 |
| Lincoln, NE | $97,770 | Below avg (91.9) | $106,395 |
| Rochester, MN | $98,110 | Below avg (93.0) | $105,542 |
| Fargo, ND-MN | $93,640 | Below avg (89.1) | $105,054 |
| St. Cloud, MN | $92,570 | Below avg (89.3) | $103,661 |
| Elmira, NY | $95,050 | Below avg (92.7) | $102,558 |
| Pittsfield, MA | $94,920 | Below avg (93.5) | $101,504 |