Business & Finance Birmingham, AL Pop. 197,575

Loan Officer Salary in Birmingham, Alabama

The median loan officer salary in Birmingham, AL is $59,166 per year, which is 10% below the national median and 3.4% above the Alabama state average.

City Median
$59,166
vs State Avg
+$1,972
vs National
$-6,574
Cost of Living
90%

Loan Officer Salary in Birmingham by Experience

In Birmingham, an entry-level loan officer earns around $34,200, while experienced professionals earn up to $117,000 per year. The local cost of living index is 90% of the national average.

Entry Level (0-2 yrs)
$34,200
$-3,800 vs national
Mid Level (3-7 yrs)
$59,400
$-6,600 vs national
Senior Level (8+ yrs)
$117,000
$-13,000 vs national

Salary Percentiles in Birmingham, AL

Percentile Birmingham
10th Percentile $31,680
25th Percentile $40,860
Median (50th) $59,166
75th Percentile $90,000
90th Percentile $138,420

Loan Officer Salary in Other Alabama Cities

Huntsville, AL
$60,481
Pop. 216,963
Tuscaloosa, AL
$57,851
Pop. 101,129
Montgomery, AL
$56,536
Pop. 200,603
Mobile, AL
$55,879
Pop. 187,041

How to Become a Loan Officer in Birmingham

Education

Most loan officer positions require a bachelor's degree. Birmingham and the surrounding Alabama area have institutions offering relevant programs.

Key Skills

Credit AnalysisMortgage LendingCustomer ServiceRegulatory ComplianceSalesFinancial Software

Job Outlook

Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). Demand in Birmingham may vary based on local industry and population growth.

Find Loan Officer Jobs in Birmingham

Browse open loan officer positions in Birmingham, AL:

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Frequently Asked Questions: Loan Officer Salary in Birmingham

How much does a Loan Officer make in Birmingham, AL? ▼
The median loan officer salary in Birmingham, Alabama is $59,166 per year, which is 10% below the national median of $65,740. Salaries range from $31,680 (10th percentile) to $138,420 (90th percentile).
How much does a Loan Officer make per hour in Birmingham? ▼
Based on the median annual salary of $59,166, a loan officer in Birmingham earns approximately $28 per hour assuming a standard 2,080-hour work year.
How does Birmingham compare to the Alabama state average for loan officer pay? ▼
Birmingham's median loan officer salary of $59,166 is 3.4% above the Alabama state average of $57,194. The local cost of living index is 90% of the national average.
What is the cost of living in Birmingham, AL? ▼
Birmingham has a cost of living index of 90% compared to the national average. This means a loan officer salary of $59,166 in Birmingham has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Birmingham? ▼
Most loan officer positions in Birmingham require a bachelor's degree. Key skills include Credit Analysis, Mortgage Lending, Customer Service, Regulatory Compliance. The job market is projected to grow 3% nationally over the next decade.