Business & Finance Oklahoma (OK) Rank #47 of 50

Loan Officer Salary in Oklahoma

The median loan officer salary in Oklahoma is $56,536 per year, which is 14% below the national median of $65,740.

Median Salary
$56,536
vs National
$-9,204
State Rank
#47 of 50
Cost of Living
86%

Loan Officer Salary in Oklahoma by Experience

In Oklahoma, an entry-level loan officer earns around $32,680, while experienced professionals earn up to $111,800 per year. The cost of living index in Oklahoma is 86% 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 Oklahoma

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

Major Cities for Loan Officers in Oklahoma

The largest employment areas for loan officers in Oklahoma include Oklahoma City, Tulsa, Norman, and Broken Arrow. Salaries in major metro areas may be higher due to increased demand and cost of living.

Oklahoma City, OK
Metro area for loan officer employment
Tulsa, OK
Metro area for loan officer employment
Norman, OK
Metro area for loan officer employment
Broken Arrow, OK
Metro area for loan officer employment
Edmond, OK
Metro area for loan officer employment

How to Become a Loan Officer in Oklahoma

Education

Most loan officer positions require a bachelor's degree. Oklahoma has several accredited institutions offering relevant programs.

Key Skills

Credit AnalysisMortgage LendingCustomer ServiceRegulatory ComplianceSalesFinancial Software

Job Outlook in Oklahoma

Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). Oklahoma's demand may vary based on local industry trends.