Business & Finance Columbia, MO Pop. 126,254

Loan Officer Salary in Columbia, Missouri

The median loan officer salary in Columbia, MO is $57,851 per year, which is 12% below the national median and 0.0% above the Missouri state average.

City Median
$57,851
vs State Avg
+$0
vs National
$-7,889
Cost of Living
88%

Loan Officer Salary in Columbia by Experience

In Columbia, an entry-level loan officer earns around $33,440, while experienced professionals earn up to $114,400 per year. The local cost of living index is 88% of the national average.

Entry Level (0-2 yrs)
$33,440
$-4,560 vs national
Mid Level (3-7 yrs)
$58,080
$-7,920 vs national
Senior Level (8+ yrs)
$114,400
$-15,600 vs national

Salary Percentiles in Columbia, MO

Percentile Columbia
10th Percentile $30,976
25th Percentile $39,952
Median (50th) $57,851
75th Percentile $88,000
90th Percentile $135,344

Loan Officer Salary in Other Missouri Cities

Kansas City, MO
$60,481
Pop. 508,090
Saint Louis, MO
$59,166
Pop. 301,578
Independence, MO
$55,879
Pop. 123,011
Springfield, MO
$53,907
Pop. 169,176

How to Become a Loan Officer in Columbia

Education

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

Find Loan Officer Jobs in Columbia

Browse open loan officer positions in Columbia, MO:

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Frequently Asked Questions: Loan Officer Salary in Columbia

How much does a Loan Officer make in Columbia, MO? ▼
The median loan officer salary in Columbia, Missouri is $57,851 per year, which is 12% below the national median of $65,740. Salaries range from $30,976 (10th percentile) to $135,344 (90th percentile).
How much does a Loan Officer make per hour in Columbia? ▼
Based on the median annual salary of $57,851, a loan officer in Columbia earns approximately $28 per hour assuming a standard 2,080-hour work year.
How does Columbia compare to the Missouri state average for loan officer pay? ▼
Columbia's median loan officer salary of $57,851 is 0.0% above the Missouri state average of $57,851. The local cost of living index is 88% of the national average.
What is the cost of living in Columbia, MO? ▼
Columbia has a cost of living index of 88% compared to the national average. This means a loan officer salary of $57,851 in Columbia has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Columbia? ▼
Most loan officer positions in Columbia 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.