Business & Finance Southaven, MS Pop. 55,026

Loan Officer Salary in Southaven, Mississippi

The median loan officer salary in Southaven, MS is $55,222 per year, which is 16% below the national median and 1.2% above the Mississippi state average.

City Median
$55,222
vs State Avg
+$658
vs National
$-10,518
Cost of Living
84%

Loan Officer Salary in Southaven by Experience

In Southaven, an entry-level loan officer earns around $31,920, while experienced professionals earn up to $109,200 per year. The local cost of living index is 84% of the national average.

Entry Level (0-2 yrs)
$31,920
$-6,080 vs national
Mid Level (3-7 yrs)
$55,440
$-10,560 vs national
Senior Level (8+ yrs)
$109,200
$-20,800 vs national

Salary Percentiles in Southaven, MS

Percentile Southaven
10th Percentile $29,568
25th Percentile $38,136
Median (50th) $55,222
75th Percentile $84,000
90th Percentile $129,192

Loan Officer Salary in Other Mississippi Cities

Jackson, MS
$55,879
Pop. 153,701
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 Southaven

Education

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

Find Loan Officer Jobs in Southaven

Browse open loan officer positions in Southaven, MS:

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Frequently Asked Questions: Loan Officer Salary in Southaven

How much does a Loan Officer make in Southaven, MS? ▼
The median loan officer salary in Southaven, Mississippi is $55,222 per year, which is 16% below the national median of $65,740. Salaries range from $29,568 (10th percentile) to $129,192 (90th percentile).
How much does a Loan Officer make per hour in Southaven? ▼
Based on the median annual salary of $55,222, a loan officer in Southaven earns approximately $27 per hour assuming a standard 2,080-hour work year.
How does Southaven compare to the Mississippi state average for loan officer pay? ▼
Southaven's median loan officer salary of $55,222 is 1.2% above the Mississippi state average of $54,564. The local cost of living index is 84% of the national average.
What is the cost of living in Southaven, MS? ▼
Southaven has a cost of living index of 84% compared to the national average. This means a loan officer salary of $55,222 in Southaven has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Southaven? ▼
Most loan officer positions in Southaven 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.