Loan Officer Salary in Missouri
The median loan officer salary in Missouri is $57,851 per year, which is 12% below the national median of $65,740.
Loan Officer Salary in Missouri by Experience
In Missouri, an entry-level loan officer earns around $33,440, while experienced professionals earn up to $114,400 per year. The cost of living index in Missouri is 88% of the national average.
Salary Percentiles in Missouri
| Percentile | MO Salary |
|---|---|
| 10th Percentile | $30,976 |
| 25th Percentile | $39,952 |
| Median (50th) | $57,851 |
| 75th Percentile | $88,000 |
| 90th Percentile | $135,344 |
Major Cities for Loan Officers in Missouri
The largest employment areas for loan officers in Missouri include Kansas City, Saint Louis, Springfield, and Columbia. Salaries in major metro areas may be higher due to increased demand and cost of living.
How to Become a Loan Officer in Missouri
Education
Most loan officer positions require a bachelor's degree. Missouri has several accredited institutions offering relevant programs.
Key Skills
Job Outlook in Missouri
Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). Missouri's demand may vary based on local industry trends.