Business & Finance Fort Smith, AR
Pop. 89,142
Loan Officer Salary in Fort Smith, Arkansas
The median loan officer salary in Fort Smith, AR is $52,592 per year, which is 20% below the national median and 4.8% below the Arkansas state average.
City Median
$52,592
vs State Avg
$-2,630
vs National
$-13,148
Cost of Living
80%
Loan Officer Salary in Fort Smith by Experience
In Fort Smith, an entry-level loan officer earns around $30,400, while experienced professionals earn up to $104,000 per year. The local cost of living index is 80% of the national average.
Entry Level (0-2 yrs)
$30,400
$-7,600 vs national
Mid Level (3-7 yrs)
$52,800
$-13,200 vs national
Senior Level (8+ yrs)
$104,000
$-26,000 vs national
Salary Percentiles in Fort Smith, AR
| Percentile | Fort Smith |
|---|---|
| 10th Percentile | $28,160 |
| 25th Percentile | $36,320 |
| Median (50th) | $52,592 |
| 75th Percentile | $80,000 |
| 90th Percentile | $123,040 |
Loan Officer Salary in Other Arkansas Cities
How to Become a Loan Officer in Fort Smith
Education
Most loan officer positions require a bachelor's degree. Fort Smith 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 Fort Smith may vary based on local industry and population growth.