Business & Finance Independence, MO Pop. 123,011

Loan Officer Salary in Independence, Missouri

The median loan officer salary in Independence, MO is $55,879 per year, which is 15% below the national median and 3.4% below the Missouri state average.

City Median
$55,879
vs State Avg
$-1,972
vs National
$-9,861
Cost of Living
85%

Loan Officer Salary in Independence by Experience

In Independence, 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 Independence, MO

Percentile Independence
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 Missouri Cities

Kansas City, MO
$60,481
Pop. 508,090
Saint Louis, MO
$59,166
Pop. 301,578
Columbia, MO
$57,851
Pop. 126,254
Springfield, MO
$53,907
Pop. 169,176

How to Become a Loan Officer in Independence

Education

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

Find Loan Officer Jobs in Independence

Browse open loan officer positions in Independence, MO:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Loan Officer Salary in Independence

How much does a Loan Officer make in Independence, MO? ▼
The median loan officer salary in Independence, Missouri 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 Independence? ▼
Based on the median annual salary of $55,879, a loan officer in Independence earns approximately $27 per hour assuming a standard 2,080-hour work year.
How does Independence compare to the Missouri state average for loan officer pay? ▼
Independence's median loan officer salary of $55,879 is 3.4% below the Missouri state average of $57,851. The local cost of living index is 85% of the national average.
What is the cost of living in Independence, MO? ▼
Independence has a cost of living index of 85% compared to the national average. This means a loan officer salary of $55,879 in Independence has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Independence? ▼
Most loan officer positions in Independence 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.