Business & Finance Lexington, KY
Pop. 322,570
Loan Officer Salary in Lexington, Kentucky
The median loan officer salary in Lexington, KY is $61,138 per year, which is 7% below the national median and 6.9% above the Kentucky state average.
City Median
$61,138
vs State Avg
+$3,944
vs National
$-4,602
Cost of Living
93%
Loan Officer Salary in Lexington by Experience
In Lexington, an entry-level loan officer earns around $35,340, while experienced professionals earn up to $120,900 per year. The local cost of living index is 93% of the national average.
Entry Level (0-2 yrs)
$35,340
$-2,660 vs national
Mid Level (3-7 yrs)
$61,380
$-4,620 vs national
Senior Level (8+ yrs)
$120,900
$-9,100 vs national
Salary Percentiles in Lexington, KY
| Percentile | Lexington |
|---|---|
| 10th Percentile | $32,736 |
| 25th Percentile | $42,222 |
| Median (50th) | $61,138 |
| 75th Percentile | $93,000 |
| 90th Percentile | $143,034 |
Loan Officer Salary in Other Kentucky Cities
How to Become a Loan Officer in Lexington
Education
Most loan officer positions require a bachelor's degree. Lexington and the surrounding Kentucky 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 Lexington may vary based on local industry and population growth.