Loan Officer Salary in Arkansas
The median loan officer salary in Arkansas is $55,222 per year, which is 16% below the national median of $65,740.
Loan Officer Salary in Arkansas by Experience
In Arkansas, an entry-level loan officer earns around $31,920, while experienced professionals earn up to $109,200 per year. The cost of living index in Arkansas is 84% of the national average.
Salary Percentiles in Arkansas
| Percentile | AR Salary |
|---|---|
| 10th Percentile | $29,568 |
| 25th Percentile | $38,136 |
| Median (50th) | $55,222 |
| 75th Percentile | $84,000 |
| 90th Percentile | $129,192 |
Major Cities for Loan Officers in Arkansas
The largest employment areas for loan officers in Arkansas include Little Rock, Fort Smith, Fayetteville, and Springdale. Salaries in major metro areas may be higher due to increased demand and cost of living.
How to Become a Loan Officer in Arkansas
Education
Most loan officer positions require a bachelor's degree. Arkansas has several accredited institutions offering relevant programs.
Key Skills
Job Outlook in Arkansas
Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). Arkansas's demand may vary based on local industry trends.