Business & Finance Durham, NC
Pop. 283,506
Loan Officer Salary in Durham, North Carolina
The median loan officer salary in Durham, NC is $64,425 per year, which is 2% below the national median and 3.2% above the North Carolina state average.
City Median
$64,425
vs State Avg
+$1,972
vs National
$-1,315
Cost of Living
95%
Loan Officer Salary in Durham by Experience
In Durham, an entry-level loan officer earns around $37,240, while experienced professionals earn up to $127,400 per year. The local cost of living index is 95% of the national average.
Entry Level (0-2 yrs)
$37,240
$-760 vs national
Mid Level (3-7 yrs)
$64,680
$-1,320 vs national
Senior Level (8+ yrs)
$127,400
$-2,600 vs national
Salary Percentiles in Durham, NC
| Percentile | Durham |
|---|---|
| 10th Percentile | $34,496 |
| 25th Percentile | $44,492 |
| Median (50th) | $64,425 |
| 75th Percentile | $98,000 |
| 90th Percentile | $150,724 |
Loan Officer Salary in Other North Carolina Cities
How to Become a Loan Officer in Durham
Education
Most loan officer positions require a bachelor's degree. Durham and the surrounding North Carolina 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 Durham may vary based on local industry and population growth.