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Loan officers

Salary, job outlook, AI risk & career information

Median Salary

$74,180

~$36/hr · ~$6,182/mo

US Jobs

301K

Slower than average

AI & Automation Risk

8/10

High Risk

AI & Automation Risk

High Risk 8/10

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
Elmira, NYBEST VALUE	$106,430	Below avg (92.7)	$114,837
Mankato, MN	$93,140	Below avg (87.6)	$106,267
Des Moines-West Des Moines, IA	$97,000	Below avg (92.8)	$104,580
Iowa City, IA	$95,180	Below avg (91.9)	$103,579
Lawrence, KS	$93,030	Below avg (90.9)	$102,320
Fargo, ND-MN	$89,860	Below avg (89.1)	$100,813
Grand Forks, ND-MN	$86,510	Below avg (85.9)	$100,700
Manhattan, KS	$88,400	Below avg (90.2)	$98,015
Wichita, KS	$86,940	Below avg (89.4)	$97,225
Enid, OK *	$83,710	Below avg (86.5)	$96,825
Topeka, KS	$82,910	Below avg (85.8)	$96,588
St. Cloud, MN	$85,030	Below avg (89.3)	$95,217
Bismarck, ND	$82,070	Below avg (89.4)	$91,848
Hot Springs, AR	$78,460	Below avg (86.1)	$91,127
New Haven, CT	$95,910	Above avg (105.4)	$91,032