Loan Officer Salary in Alabama
The median loan officer salary in Alabama is $57,194 per year, which is 13% below the national median of $65,740.
Loan Officer Salary in Alabama by Experience
In Alabama, an entry-level loan officer earns around $33,060, while experienced professionals earn up to $113,100 per year. The cost of living index in Alabama is 87% of the national average.
Salary Percentiles in Alabama
| Percentile | AL Salary |
|---|---|
| 10th Percentile | $30,624 |
| 25th Percentile | $39,498 |
| Median (50th) | $57,194 |
| 75th Percentile | $87,000 |
| 90th Percentile | $133,806 |
Major Cities for Loan Officers in Alabama
The largest employment areas for loan officers in Alabama include Birmingham, Huntsville, Montgomery, and Mobile. Salaries in major metro areas may be higher due to increased demand and cost of living.
How to Become a Loan Officer in Alabama
Education
Most loan officer positions require a bachelor's degree. Alabama has several accredited institutions offering relevant programs.
Key Skills
Job Outlook in Alabama
Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). Alabama's demand may vary based on local industry trends.