Business & Finance Alaska (AK) Rank #5 of 50

Loan Officer Salary in Alaska

The median loan officer salary in Alaska is $81,518 per year, which is 24.0% above the national median of $65,740.

Median Salary
$81,518
vs National
+$15,778
State Rank
#5 of 50
Cost of Living
124%

Loan Officer Salary in Alaska by Experience

In Alaska, an entry-level loan officer earns around $47,120, while experienced professionals earn up to $161,200 per year. The cost of living index in Alaska is 124% of the national average.

Entry Level (0-2 yrs)
$47,120
+$9,120 vs national
Mid Level (3-7 yrs)
$81,840
+$15,840 vs national
Senior Level (8+ yrs)
$161,200
+$31,200 vs national

Salary Percentiles in Alaska

Percentile AK Salary
10th Percentile $43,648
25th Percentile $56,296
Median (50th) $81,518
75th Percentile $124,000
90th Percentile $190,712

Major Cities for Loan Officers in Alaska

The largest employment areas for loan officers in Alaska include Anchorage, Fairbanks, Juneau, and Sitka. Salaries in major metro areas may be higher due to increased demand and cost of living.

Anchorage, AK
Metro area for loan officer employment
Fairbanks, AK
Metro area for loan officer employment
Juneau, AK
Metro area for loan officer employment
Sitka, AK
Metro area for loan officer employment
Wasilla, AK
Metro area for loan officer employment

How to Become a Loan Officer in Alaska

Education

Most loan officer positions require a bachelor's degree. Alaska has several accredited institutions offering relevant programs.

Key Skills

Credit AnalysisMortgage LendingCustomer ServiceRegulatory ComplianceSalesFinancial Software

Job Outlook in Alaska

Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). Alaska's demand may vary based on local industry trends.