Business & Finance Fairbanks, AK
Pop. 32,325
Loan Officer Salary in Fairbanks, Alaska
The median loan officer salary in Fairbanks, AK is $85,462 per year, which is 30.0% above the national median and 4.8% above the Alaska state average.
City Median
$85,462
vs State Avg
+$3,944
vs National
+$19,722
Cost of Living
130%
Loan Officer Salary in Fairbanks by Experience
In Fairbanks, an entry-level loan officer earns around $49,400, while experienced professionals earn up to $169,000 per year. The local cost of living index is 130% of the national average.
Entry Level (0-2 yrs)
$49,400
+$11,400 vs national
Mid Level (3-7 yrs)
$85,800
+$19,800 vs national
Senior Level (8+ yrs)
$169,000
+$39,000 vs national
Salary Percentiles in Fairbanks, AK
| Percentile | Fairbanks |
|---|---|
| 10th Percentile | $45,760 |
| 25th Percentile | $59,020 |
| Median (50th) | $85,462 |
| 75th Percentile | $130,000 |
| 90th Percentile | $199,940 |
Loan Officer Salary in Other Alaska Cities
How to Become a Loan Officer in Fairbanks
Education
Most loan officer positions require a bachelor's degree. Fairbanks and the surrounding Alaska 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 Fairbanks may vary based on local industry and population growth.