Business & Finance Fayetteville, AR Pop. 93,949

Loan Officer Salary in Fayetteville, Arkansas

The median loan officer salary in Fayetteville, AR is $57,851 per year, which is 12% below the national median and 4.8% above the Arkansas state average.

City Median
$57,851
vs State Avg
+$2,629
vs National
$-7,889
Cost of Living
88%

Loan Officer Salary in Fayetteville by Experience

In Fayetteville, an entry-level loan officer earns around $33,440, while experienced professionals earn up to $114,400 per year. The local cost of living index is 88% of the national average.

Entry Level (0-2 yrs)
$33,440
$-4,560 vs national
Mid Level (3-7 yrs)
$58,080
$-7,920 vs national
Senior Level (8+ yrs)
$114,400
$-15,600 vs national

Salary Percentiles in Fayetteville, AR

Percentile Fayetteville
10th Percentile $30,976
25th Percentile $39,952
Median (50th) $57,851
75th Percentile $88,000
90th Percentile $135,344

Loan Officer Salary in Other Arkansas Cities

Little Rock, AR
$57,194
Pop. 202,591
Springdale, AR
$55,222
Pop. 80,433
Jonesboro, AR
$53,907
Pop. 78,576
Fort Smith, AR
$52,592
Pop. 89,142

How to Become a Loan Officer in Fayetteville

Education

Most loan officer positions require a bachelor's degree. Fayetteville and the surrounding Arkansas 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 Fayetteville may vary based on local industry and population growth.

Find Loan Officer Jobs in Fayetteville

Browse open loan officer positions in Fayetteville, AR:

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Frequently Asked Questions: Loan Officer Salary in Fayetteville

How much does a Loan Officer make in Fayetteville, AR? ▼
The median loan officer salary in Fayetteville, Arkansas is $57,851 per year, which is 12% below the national median of $65,740. Salaries range from $30,976 (10th percentile) to $135,344 (90th percentile).
How much does a Loan Officer make per hour in Fayetteville? ▼
Based on the median annual salary of $57,851, a loan officer in Fayetteville earns approximately $28 per hour assuming a standard 2,080-hour work year.
How does Fayetteville compare to the Arkansas state average for loan officer pay? ▼
Fayetteville's median loan officer salary of $57,851 is 4.8% above the Arkansas state average of $55,222. The local cost of living index is 88% of the national average.
What is the cost of living in Fayetteville, AR? ▼
Fayetteville has a cost of living index of 88% compared to the national average. This means a loan officer salary of $57,851 in Fayetteville has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Fayetteville? ▼
Most loan officer positions in Fayetteville 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.