Business & Finance Owensboro, KY Pop. 60,183

Loan Officer Salary in Owensboro, Kentucky

The median loan officer salary in Owensboro, KY is $53,907 per year, which is 18% below the national median and 5.7% below the Kentucky state average.

City Median
$53,907
vs State Avg
$-3,287
vs National
$-11,833
Cost of Living
82%

Loan Officer Pay in Owensboro: What to Expect (2026)

Owensboro offers a median loan officer salary of $53,907, which is $3,287 below the Kentucky state average of $57,194. Compared to the national median of $65,740, Owensboro pays below the national benchmark for this role.

One of Owensboro's biggest advantages is its low cost of living at 82% of the national average. This means the $53,907 salary stretches further here — equivalent to roughly $65,740 in an average-cost city. This makes Owensboro an attractive option for loan officers seeking strong real-dollar compensation.

The salary range for loan officers in Owensboro spans from $28,864 at the 10th percentile to $126,116 at the 90th percentile — a $97,252 spread. Entry-level professionals start around $31,160, while senior loan officers with 8+ years of experience can earn up to $106,600. Owensboro is a smaller market (pop. 60,183), which may mean fewer openings but also less competition for available positions.

Loan Officer Salary in Owensboro by Experience

In Owensboro, 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 Owensboro, KY

Percentile Owensboro
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 Kentucky Cities

Lexington, KY
$61,138
Pop. 322,570
Louisville, KY
$60,481
Pop. 633,045
Covington, KY
$57,851
Pop. 40,961
Bowling Green, KY
$55,222
Pop. 74,735

How to Become a Loan Officer in Owensboro

Education

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

Find Loan Officer Jobs in Owensboro

Browse open loan officer positions in Owensboro, KY:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Loan Officer Salary in Owensboro

How much does a Loan Officer make in Owensboro, KY? ▼
The median loan officer salary in Owensboro, Kentucky 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 Owensboro? ▼
Based on the median annual salary of $53,907, a loan officer in Owensboro earns approximately $26 per hour assuming a standard 2,080-hour work year.
How does Owensboro compare to the Kentucky state average for loan officer pay? ▼
Owensboro's median loan officer salary of $53,907 is 5.7% below the Kentucky state average of $57,194. The local cost of living index is 82% of the national average.
What is the cost of living in Owensboro, KY? ▼
Owensboro has a cost of living index of 82% compared to the national average. This means a loan officer salary of $53,907 in Owensboro has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Owensboro? ▼
Most loan officer positions in Owensboro 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.