Business & Finance Lafayette, LA Pop. 121,374

Loan Officer Salary in Lafayette, Louisiana

The median loan officer salary in Lafayette, LA is $57,851 per year, which is 12% below the national median and 3.3% below the Louisiana state average.

City Median
$57,851
vs State Avg
$-1,972
vs National
$-7,889
Cost of Living
88%

Loan Officer Salary in Lafayette by Experience

In Lafayette, an entry-level loan officer earns around $33,440, while experienced professionals earn up to $114,400 per year. The local cost of living index is 88% of the national average.

Entry Level (0-2 yrs)
$33,440
$-4,560 vs national
Mid Level (3-7 yrs)
$58,080
$-7,920 vs national
Senior Level (8+ yrs)
$114,400
$-15,600 vs national

Salary Percentiles in Lafayette, LA

Percentile Lafayette
10th Percentile $30,976
25th Percentile $39,952
Median (50th) $57,851
75th Percentile $88,000
90th Percentile $135,344

Loan Officer Salary in Other Louisiana Cities

New Orleans, LA
$64,425
Pop. 383,997
Baton Rouge, LA
$60,481
Pop. 227,470
Lake Charles, LA
$56,536
Pop. 80,000
Shreveport, LA
$55,879
Pop. 187,593

How to Become a Loan Officer in Lafayette

Education

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