Business & Finance Little Rock, AR
Pop. 202,591
Loan Officer Salary in Little Rock, Arkansas
The median loan officer salary in Little Rock, AR is $57,194 per year, which is 13% below the national median and 3.6% above the Arkansas state average.
City Median
$57,194
vs State Avg
+$1,972
vs National
$-8,546
Cost of Living
87%
Loan Officer Salary in Little Rock by Experience
In Little Rock, an entry-level loan officer earns around $33,060, while experienced professionals earn up to $113,100 per year. The local cost of living index is 87% of the national average.
Entry Level (0-2 yrs)
$33,060
$-4,940 vs national
Mid Level (3-7 yrs)
$57,420
$-8,580 vs national
Senior Level (8+ yrs)
$113,100
$-16,900 vs national
Salary Percentiles in Little Rock, AR
| Percentile | Little Rock |
|---|---|
| 10th Percentile | $30,624 |
| 25th Percentile | $39,498 |
| Median (50th) | $57,194 |
| 75th Percentile | $87,000 |
| 90th Percentile | $133,806 |
Loan Officer Salary in Other Arkansas Cities
How to Become a Loan Officer in Little Rock
Education
Most loan officer positions require a bachelor's degree. Little Rock 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 Little Rock may vary based on local industry and population growth.