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

Juneau, AK
$88,749
Pop. 32,255
Sitka, AK
$86,777
Pop. 8,458
Anchorage, AK
$82,832
Pop. 291,247
Wasilla, AK
$77,573
Pop. 12,000

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.

Find Loan Officer Jobs in Fairbanks

Browse open loan officer positions in Fairbanks, AK:

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Frequently Asked Questions: Loan Officer Salary in Fairbanks

How much does a Loan Officer make in Fairbanks, AK? ▼
The median loan officer salary in Fairbanks, Alaska is $85,462 per year, which is 30.0% above the national median of $65,740. Salaries range from $45,760 (10th percentile) to $199,940 (90th percentile).
How much does a Loan Officer make per hour in Fairbanks? ▼
Based on the median annual salary of $85,462, a loan officer in Fairbanks earns approximately $41 per hour assuming a standard 2,080-hour work year.
How does Fairbanks compare to the Alaska state average for loan officer pay? ▼
Fairbanks's median loan officer salary of $85,462 is 4.8% above the Alaska state average of $81,518. The local cost of living index is 130% of the national average.
What is the cost of living in Fairbanks, AK? ▼
Fairbanks has a cost of living index of 130% compared to the national average. This means a loan officer salary of $85,462 in Fairbanks has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Fairbanks? ▼
Most loan officer positions in Fairbanks 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.