Business & Finance New Orleans, LA Pop. 383,997

Loan Officer Salary in New Orleans, Louisiana

The median loan officer salary in New Orleans, LA is $64,425 per year, which is 2% below the national median and 7.7% above the Louisiana state average.

City Median
$64,425
vs State Avg
+$4,602
vs National
$-1,315
Cost of Living
98%

Loan Officer Salary in New Orleans by Experience

In New Orleans, an entry-level loan officer earns around $37,240, while experienced professionals earn up to $127,400 per year. The local cost of living index is 98% of the national average.

Entry Level (0-2 yrs)
$37,240
$-760 vs national
Mid Level (3-7 yrs)
$64,680
$-1,320 vs national
Senior Level (8+ yrs)
$127,400
$-2,600 vs national

Salary Percentiles in New Orleans, LA

Percentile New Orleans
10th Percentile $34,496
25th Percentile $44,492
Median (50th) $64,425
75th Percentile $98,000
90th Percentile $150,724

Loan Officer Salary in Other Louisiana Cities

Baton Rouge, LA
$60,481
Pop. 227,470
Lafayette, LA
$57,851
Pop. 121,374
Lake Charles, LA
$56,536
Pop. 80,000
Shreveport, LA
$55,879
Pop. 187,593

How to Become a Loan Officer in New Orleans

Education

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