Business & Finance Grand Island, NE Pop. 53,131

Loan Officer Salary in Grand Island, Nebraska

The median loan officer salary in Grand Island, NE is $56,536 per year, which is 14% below the national median and 6.5% below the Nebraska state average.

City Median
$56,536
vs State Avg
$-3,945
vs National
$-9,204
Cost of Living
84%

Loan Officer Salary in Grand Island by Experience

In Grand Island, an entry-level loan officer earns around $32,680, while experienced professionals earn up to $111,800 per year. The local cost of living index is 84% of the national average.

Entry Level (0-2 yrs)
$32,680
$-5,320 vs national
Mid Level (3-7 yrs)
$56,760
$-9,240 vs national
Senior Level (8+ yrs)
$111,800
$-18,200 vs national

Salary Percentiles in Grand Island, NE

Percentile Grand Island
10th Percentile $30,272
25th Percentile $39,044
Median (50th) $56,536
75th Percentile $86,000
90th Percentile $132,268

Loan Officer Salary in Other Nebraska Cities

Omaha, NE
$62,453
Pop. 486,051
Bellevue, NE
$61,796
Pop. 64,176
Lincoln, NE
$60,481
Pop. 291,082
Kearney, NE
$57,851
Pop. 33,464

How to Become a Loan Officer in Grand Island

Education

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

Find Loan Officer Jobs in Grand Island

Browse open loan officer positions in Grand Island, NE:

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Frequently Asked Questions: Loan Officer Salary in Grand Island

How much does a Loan Officer make in Grand Island, NE? ▼
The median loan officer salary in Grand Island, Nebraska is $56,536 per year, which is 14% below the national median of $65,740. Salaries range from $30,272 (10th percentile) to $132,268 (90th percentile).
How much does a Loan Officer make per hour in Grand Island? ▼
Based on the median annual salary of $56,536, a loan officer in Grand Island earns approximately $27 per hour assuming a standard 2,080-hour work year.
How does Grand Island compare to the Nebraska state average for loan officer pay? ▼
Grand Island's median loan officer salary of $56,536 is 6.5% below the Nebraska state average of $60,481. The local cost of living index is 84% of the national average.
What is the cost of living in Grand Island, NE? ▼
Grand Island has a cost of living index of 84% compared to the national average. This means a loan officer salary of $56,536 in Grand Island has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Grand Island? ▼
Most loan officer positions in Grand Island 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.