Business & Finance Winston-Salem, NC Pop. 249,545

Loan Officer Salary in Winston-Salem, North Carolina

The median loan officer salary in Winston-Salem, NC is $58,509 per year, which is 11% below the national median and 6.3% below the North Carolina state average.

City Median
$58,509
vs State Avg
$-3,944
vs National
$-7,231
Cost of Living
86%

Loan Officer Salary in Winston-Salem by Experience

In Winston-Salem, an entry-level loan officer earns around $33,820, while experienced professionals earn up to $115,700 per year. The local cost of living index is 86% of the national average.

Entry Level (0-2 yrs)
$33,820
$-4,180 vs national
Mid Level (3-7 yrs)
$58,740
$-7,260 vs national
Senior Level (8+ yrs)
$115,700
$-14,300 vs national

Salary Percentiles in Winston-Salem, NC

Percentile Winston-Salem
10th Percentile $31,328
25th Percentile $40,406
Median (50th) $58,509
75th Percentile $89,000
90th Percentile $136,882

Loan Officer Salary in Other North Carolina Cities

Charlotte, NC
$66,397
Pop. 874,579
Raleigh, NC
$66,397
Pop. 467,665
Durham, NC
$64,425
Pop. 283,506
Greensboro, NC
$59,823
Pop. 299,035

How to Become a Loan Officer in Winston-Salem

Education

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

Find Loan Officer Jobs in Winston-Salem

Browse open loan officer positions in Winston-Salem, NC:

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Frequently Asked Questions: Loan Officer Salary in Winston-Salem

How much does a Loan Officer make in Winston-Salem, NC? ▼
The median loan officer salary in Winston-Salem, North Carolina is $58,509 per year, which is 11% below the national median of $65,740. Salaries range from $31,328 (10th percentile) to $136,882 (90th percentile).
How much does a Loan Officer make per hour in Winston-Salem? ▼
Based on the median annual salary of $58,509, a loan officer in Winston-Salem earns approximately $28 per hour assuming a standard 2,080-hour work year.
How does Winston-Salem compare to the North Carolina state average for loan officer pay? ▼
Winston-Salem's median loan officer salary of $58,509 is 6.3% below the North Carolina state average of $62,453. The local cost of living index is 86% of the national average.
What is the cost of living in Winston-Salem, NC? ▼
Winston-Salem has a cost of living index of 86% compared to the national average. This means a loan officer salary of $58,509 in Winston-Salem has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Winston-Salem? ▼
Most loan officer positions in Winston-Salem 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.