Business & Finance Jackson, MS Pop. 153,701

Loan Officer Salary in Jackson, Mississippi

The median loan officer salary in Jackson, MS is $55,879 per year, which is 15% below the national median and 2.4% above the Mississippi state average.

City Median
$55,879
vs State Avg
+$1,315
vs National
$-9,861
Cost of Living
85%

Loan Officer Salary in Jackson by Experience

In Jackson, an entry-level loan officer earns around $32,300, while experienced professionals earn up to $110,500 per year. The local cost of living index is 85% of the national average.

Entry Level (0-2 yrs)
$32,300
$-5,700 vs national
Mid Level (3-7 yrs)
$56,100
$-9,900 vs national
Senior Level (8+ yrs)
$110,500
$-19,500 vs national

Salary Percentiles in Jackson, MS

Percentile Jackson
10th Percentile $29,920
25th Percentile $38,590
Median (50th) $55,879
75th Percentile $85,000
90th Percentile $130,730

Loan Officer Salary in Other Mississippi Cities

Southaven, MS
$55,222
Pop. 55,026
Biloxi, MS
$54,564
Pop. 46,212
Gulfport, MS
$53,907
Pop. 72,926
Hattiesburg, MS
$52,592
Pop. 48,728

How to Become a Loan Officer in Jackson

Education

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

Find Loan Officer Jobs in Jackson

Browse open loan officer positions in Jackson, MS:

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Frequently Asked Questions: Loan Officer Salary in Jackson

How much does a Loan Officer make in Jackson, MS? ▼
The median loan officer salary in Jackson, Mississippi is $55,879 per year, which is 15% below the national median of $65,740. Salaries range from $29,920 (10th percentile) to $130,730 (90th percentile).
How much does a Loan Officer make per hour in Jackson? ▼
Based on the median annual salary of $55,879, a loan officer in Jackson earns approximately $27 per hour assuming a standard 2,080-hour work year.
How does Jackson compare to the Mississippi state average for loan officer pay? ▼
Jackson's median loan officer salary of $55,879 is 2.4% above the Mississippi state average of $54,564. The local cost of living index is 85% of the national average.
What is the cost of living in Jackson, MS? ▼
Jackson has a cost of living index of 85% compared to the national average. This means a loan officer salary of $55,879 in Jackson has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Jackson? ▼
Most loan officer positions in Jackson 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.