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

Louisville, KY
$60,481
Pop. 633,045
Covington, KY
$57,851
Pop. 40,961
Bowling Green, KY
$55,222
Pop. 74,735
Owensboro, KY
$53,907
Pop. 60,183

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.

Find Loan Officer Jobs in Lexington

Browse open loan officer positions in Lexington, KY:

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Frequently Asked Questions: Loan Officer Salary in Lexington

How much does a Loan Officer make in Lexington, KY? ▼
The median loan officer salary in Lexington, Kentucky is $61,138 per year, which is 7% below the national median of $65,740. Salaries range from $32,736 (10th percentile) to $143,034 (90th percentile).
How much does a Loan Officer make per hour in Lexington? ▼
Based on the median annual salary of $61,138, a loan officer in Lexington earns approximately $29 per hour assuming a standard 2,080-hour work year.
How does Lexington compare to the Kentucky state average for loan officer pay? ▼
Lexington's median loan officer salary of $61,138 is 6.9% above the Kentucky state average of $57,194. The local cost of living index is 93% of the national average.
What is the cost of living in Lexington, KY? ▼
Lexington has a cost of living index of 93% compared to the national average. This means a loan officer salary of $61,138 in Lexington has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Lexington? ▼
Most loan officer positions in Lexington 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.