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.

Find Loan Officer Jobs in New Orleans

Browse open loan officer positions in New Orleans, LA:

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Frequently Asked Questions: Loan Officer Salary in New Orleans

How much does a Loan Officer make in New Orleans, LA? ▼
The median loan officer salary in New Orleans, Louisiana is $64,425 per year, which is 2% below the national median of $65,740. Salaries range from $34,496 (10th percentile) to $150,724 (90th percentile).
How much does a Loan Officer make per hour in New Orleans? ▼
Based on the median annual salary of $64,425, a loan officer in New Orleans earns approximately $31 per hour assuming a standard 2,080-hour work year.
How does New Orleans compare to the Louisiana state average for loan officer pay? ▼
New Orleans's median loan officer salary of $64,425 is 7.7% above the Louisiana state average of $59,823. The local cost of living index is 98% of the national average.
What is the cost of living in New Orleans, LA? ▼
New Orleans has a cost of living index of 98% compared to the national average. This means a loan officer salary of $64,425 in New Orleans has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in New Orleans? ▼
Most loan officer positions in New Orleans 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.