Business & Finance Springfield, MO Pop. 169,176

Loan Officer Salary in Springfield, Missouri

The median loan officer salary in Springfield, MO is $53,907 per year, which is 18% below the national median and 6.8% below the Missouri state average.

City Median
$53,907
vs State Avg
$-3,944
vs National
$-11,833
Cost of Living
82%

Loan Officer Salary in Springfield by Experience

In Springfield, an entry-level loan officer earns around $31,160, while experienced professionals earn up to $106,600 per year. The local cost of living index is 82% of the national average.

Entry Level (0-2 yrs)
$31,160
$-6,840 vs national
Mid Level (3-7 yrs)
$54,120
$-11,880 vs national
Senior Level (8+ yrs)
$106,600
$-23,400 vs national

Salary Percentiles in Springfield, MO

Percentile Springfield
10th Percentile $28,864
25th Percentile $37,228
Median (50th) $53,907
75th Percentile $82,000
90th Percentile $126,116

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
Independence, MO
$55,879
Pop. 123,011

How to Become a Loan Officer in Springfield

Education

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

Find Loan Officer Jobs in Springfield

Browse open loan officer positions in Springfield, MO:

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Frequently Asked Questions: Loan Officer Salary in Springfield

How much does a Loan Officer make in Springfield, MO? ▼
The median loan officer salary in Springfield, Missouri is $53,907 per year, which is 18% below the national median of $65,740. Salaries range from $28,864 (10th percentile) to $126,116 (90th percentile).
How much does a Loan Officer make per hour in Springfield? ▼
Based on the median annual salary of $53,907, a loan officer in Springfield earns approximately $26 per hour assuming a standard 2,080-hour work year.
How does Springfield compare to the Missouri state average for loan officer pay? ▼
Springfield's median loan officer salary of $53,907 is 6.8% below the Missouri state average of $57,851. The local cost of living index is 82% of the national average.
What is the cost of living in Springfield, MO? ▼
Springfield has a cost of living index of 82% compared to the national average. This means a loan officer salary of $53,907 in Springfield has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Springfield? ▼
Most loan officer positions in Springfield 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.