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

Fayetteville, AR
$57,851
Pop. 93,949
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 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.

Find Loan Officer Jobs in Little Rock

Browse open loan officer positions in Little Rock, AR:

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Frequently Asked Questions: Loan Officer Salary in Little Rock

How much does a Loan Officer make in Little Rock, AR? ▼
The median loan officer salary in Little Rock, Arkansas is $57,194 per year, which is 13% below the national median of $65,740. Salaries range from $30,624 (10th percentile) to $133,806 (90th percentile).
How much does a Loan Officer make per hour in Little Rock? ▼
Based on the median annual salary of $57,194, a loan officer in Little Rock earns approximately $27 per hour assuming a standard 2,080-hour work year.
How does Little Rock compare to the Arkansas state average for loan officer pay? ▼
Little Rock's median loan officer salary of $57,194 is 3.6% above the Arkansas state average of $55,222. The local cost of living index is 87% of the national average.
What is the cost of living in Little Rock, AR? ▼
Little Rock has a cost of living index of 87% compared to the national average. This means a loan officer salary of $57,194 in Little Rock has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Little Rock? ▼
Most loan officer positions in Little Rock 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.