Business & Finance Tuscaloosa, AL Pop. 101,129

Loan Officer Salary in Tuscaloosa, Alabama

The median loan officer salary in Tuscaloosa, AL is $57,851 per year, which is 12% below the national median and 1.1% above the Alabama state average.

City Median
$57,851
vs State Avg
+$657
vs National
$-7,889
Cost of Living
88%

Loan Officer Salary in Tuscaloosa by Experience

In Tuscaloosa, an entry-level loan officer earns around $33,440, while experienced professionals earn up to $114,400 per year. The local cost of living index is 88% of the national average.

Entry Level (0-2 yrs)
$33,440
$-4,560 vs national
Mid Level (3-7 yrs)
$58,080
$-7,920 vs national
Senior Level (8+ yrs)
$114,400
$-15,600 vs national

Salary Percentiles in Tuscaloosa, AL

Percentile Tuscaloosa
10th Percentile $30,976
25th Percentile $39,952
Median (50th) $57,851
75th Percentile $88,000
90th Percentile $135,344

Loan Officer Salary in Other Alabama Cities

Huntsville, AL
$60,481
Pop. 216,963
Birmingham, AL
$59,166
Pop. 197,575
Montgomery, AL
$56,536
Pop. 200,603
Mobile, AL
$55,879
Pop. 187,041

How to Become a Loan Officer in Tuscaloosa

Education

Most loan officer positions require a bachelor's degree. Tuscaloosa 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 Tuscaloosa may vary based on local industry and population growth.

Find Loan Officer Jobs in Tuscaloosa

Browse open loan officer positions in Tuscaloosa, AL:

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Frequently Asked Questions: Loan Officer Salary in Tuscaloosa

How much does a Loan Officer make in Tuscaloosa, AL? ▼
The median loan officer salary in Tuscaloosa, Alabama is $57,851 per year, which is 12% below the national median of $65,740. Salaries range from $30,976 (10th percentile) to $135,344 (90th percentile).
How much does a Loan Officer make per hour in Tuscaloosa? ▼
Based on the median annual salary of $57,851, a loan officer in Tuscaloosa earns approximately $28 per hour assuming a standard 2,080-hour work year.
How does Tuscaloosa compare to the Alabama state average for loan officer pay? ▼
Tuscaloosa's median loan officer salary of $57,851 is 1.1% above the Alabama state average of $57,194. The local cost of living index is 88% of the national average.
What is the cost of living in Tuscaloosa, AL? ▼
Tuscaloosa has a cost of living index of 88% compared to the national average. This means a loan officer salary of $57,851 in Tuscaloosa has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Tuscaloosa? ▼
Most loan officer positions in Tuscaloosa 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.