Business & Finance Saint Louis, MO Pop. 301,578

Loan Officer Salary in Saint Louis, Missouri

The median loan officer salary in Saint Louis, MO is $59,166 per year, which is 10% below the national median and 2.3% above the Missouri state average.

City Median
$59,166
vs State Avg
+$1,315
vs National
$-6,574
Cost of Living
90%

Loan Officer Salary in Saint Louis by Experience

In Saint Louis, an entry-level loan officer earns around $34,200, while experienced professionals earn up to $117,000 per year. The local cost of living index is 90% of the national average.

Entry Level (0-2 yrs)
$34,200
$-3,800 vs national
Mid Level (3-7 yrs)
$59,400
$-6,600 vs national
Senior Level (8+ yrs)
$117,000
$-13,000 vs national

Salary Percentiles in Saint Louis, MO

Percentile Saint Louis
10th Percentile $31,680
25th Percentile $40,860
Median (50th) $59,166
75th Percentile $90,000
90th Percentile $138,420

Loan Officer Salary in Other Missouri Cities

Kansas City, MO
$60,481
Pop. 508,090
Columbia, MO
$57,851
Pop. 126,254
Independence, MO
$55,879
Pop. 123,011
Springfield, MO
$53,907
Pop. 169,176

How to Become a Loan Officer in Saint Louis

Education

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

Find Loan Officer Jobs in Saint Louis

Browse open loan officer positions in Saint Louis, MO:

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Frequently Asked Questions: Loan Officer Salary in Saint Louis

How much does a Loan Officer make in Saint Louis, MO? ▼
The median loan officer salary in Saint Louis, Missouri is $59,166 per year, which is 10% below the national median of $65,740. Salaries range from $31,680 (10th percentile) to $138,420 (90th percentile).
How much does a Loan Officer make per hour in Saint Louis? ▼
Based on the median annual salary of $59,166, a loan officer in Saint Louis earns approximately $28 per hour assuming a standard 2,080-hour work year.
How does Saint Louis compare to the Missouri state average for loan officer pay? ▼
Saint Louis's median loan officer salary of $59,166 is 2.3% above the Missouri state average of $57,851. The local cost of living index is 90% of the national average.
What is the cost of living in Saint Louis, MO? ▼
Saint Louis has a cost of living index of 90% compared to the national average. This means a loan officer salary of $59,166 in Saint Louis has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Saint Louis? ▼
Most loan officer positions in Saint Louis 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.