Business & Finance Arizona (AZ) Rank #22 of 50

Loan Officer Salary in Arizona

The median loan officer salary in Arizona is $63,768 per year, which is 3% below the national median of $65,740.

Median Salary
$63,768
vs National
$-1,972
State Rank
#22 of 50
Cost of Living
97%

Loan Officer Salary Overview in Arizona (2026)

Arizona ranks #22 out of 50 states for loan officer compensation. Arizona falls in the middle of the pack for loan officer pay, offering salaries near the national average. At $63,768 per year, loan officers in Arizona earn $1,972 less than the national median of $65,740.

Arizona's cost of living is near the national average at 97%, meaning loan officer salaries here translate closely to their face value in purchasing power.

The salary spread in Arizona is significant: loan officers at the 10th percentile earn $34,144, while those at the 90th percentile bring home $149,186 — a $115,042 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Arizona for this role is Scottsdale, where the median reaches $73,629.

Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). This steady growth indicates stable demand for loan officers across the country.

Loan Officer Salary in Arizona by Experience

In Arizona, an entry-level loan officer earns around $36,860, while experienced professionals earn up to $126,100 per year. The cost of living index in Arizona is 97% of the national average.

Entry Level (0-2 yrs)
$36,860
$-1,140 vs national
Mid Level (3-7 yrs)
$64,020
$-1,980 vs national
Senior Level (8+ yrs)
$126,100
$-3,900 vs national

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Salary Percentiles in Arizona

Percentile AZ Salary
10th Percentile $34,144
25th Percentile $44,038
Median (50th) $63,768
75th Percentile $97,000
90th Percentile $149,186

Loan Officer Salary by City in Arizona

The largest employment areas for loan officers in Arizona include Phoenix, Tucson, Mesa, and Scottsdale. Salaries vary by city based on local cost of living and demand.

How to Become a Loan Officer in Arizona

Education

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

Key Skills

Credit AnalysisMortgage LendingCustomer ServiceRegulatory ComplianceSalesFinancial Software

Job Outlook in Arizona

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

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Frequently Asked Questions: Loan Officer Salary in Arizona

How much does a Loan Officer make in Arizona? ▼
The median loan officer salary in Arizona is $63,768 per year, which is 3% below the national median of $65,740. Salaries range from $34,144 (10th percentile) to $149,186 (90th percentile).
How much does a Loan Officer make per hour in Arizona? ▼
Based on the median annual salary of $63,768, a loan officer in Arizona earns approximately $31 per hour assuming a standard 2,080-hour work year.
Is Arizona a good state for loan officers? ▼
Arizona ranks #22 out of 50 states for loan officer pay. The cost of living index is 97% of the national average. Entry-level loan officers earn $36,860, while senior professionals earn $126,100.
How does Arizona compare to other states for loan officer salary? ▼
The highest paying state for loan officers is Hawaii at $111,758. Arizona's median of $63,768 ranks #22 nationally. Nearby-ranked states include Florida ($64,425) and Maine ($64,425).
What is the entry-level loan officer salary in Arizona? ▼
An entry-level loan officer in Arizona earns approximately $36,860 per year. With 3-7 years of experience, pay increases to around $64,020. Senior-level professionals with 8+ years earn up to $126,100.
What city in Arizona pays loan officers the most? ▼
Scottsdale is the highest paying city in Arizona for loan officers, with a median salary of $73,629. Other cities include Phoenix and Tucson.