Business & Finance Jonesboro, AR Pop. 78,576

Loan Officer Salary in Jonesboro, Arkansas

The median loan officer salary in Jonesboro, AR is $53,907 per year, which is 18% below the national median and 2.4% below the Arkansas state average.

City Median
$53,907
vs State Avg
$-1,315
vs National
$-11,833
Cost of Living
82%

Loan Officer Salary in Jonesboro by Experience

In Jonesboro, an entry-level loan officer earns around $31,160, while experienced professionals earn up to $106,600 per year. The local cost of living index is 82% of the national average.

Entry Level (0-2 yrs)
$31,160
$-6,840 vs national
Mid Level (3-7 yrs)
$54,120
$-11,880 vs national
Senior Level (8+ yrs)
$106,600
$-23,400 vs national

Salary Percentiles in Jonesboro, AR

Percentile Jonesboro
10th Percentile $28,864
25th Percentile $37,228
Median (50th) $53,907
75th Percentile $82,000
90th Percentile $126,116

Loan Officer Salary in Other Arkansas Cities

Fayetteville, AR
$57,851
Pop. 93,949
Little Rock, AR
$57,194
Pop. 202,591
Springdale, AR
$55,222
Pop. 80,433
Fort Smith, AR
$52,592
Pop. 89,142

How to Become a Loan Officer in Jonesboro

Education

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

Find Loan Officer Jobs in Jonesboro

Browse open loan officer positions in Jonesboro, AR:

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Frequently Asked Questions: Loan Officer Salary in Jonesboro

How much does a Loan Officer make in Jonesboro, AR? ▼
The median loan officer salary in Jonesboro, Arkansas is $53,907 per year, which is 18% below the national median of $65,740. Salaries range from $28,864 (10th percentile) to $126,116 (90th percentile).
How much does a Loan Officer make per hour in Jonesboro? ▼
Based on the median annual salary of $53,907, a loan officer in Jonesboro earns approximately $26 per hour assuming a standard 2,080-hour work year.
How does Jonesboro compare to the Arkansas state average for loan officer pay? ▼
Jonesboro's median loan officer salary of $53,907 is 2.4% below the Arkansas state average of $55,222. The local cost of living index is 82% of the national average.
What is the cost of living in Jonesboro, AR? ▼
Jonesboro has a cost of living index of 82% compared to the national average. This means a loan officer salary of $53,907 in Jonesboro has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Jonesboro? ▼
Most loan officer positions in Jonesboro 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.