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 Overview in Oklahoma (2026)

Oklahoma ranks #47 out of 50 states for loan officer compensation. Loan Officer salaries in Oklahoma are below the national median, though the lower cost of living can offset the difference. At $56,536 per year, loan officers in Oklahoma earn $9,204 less than the national median of $65,740.

A key advantage of working in Oklahoma is its below-average cost of living (86% of the national index). This means the $56,536 salary has the purchasing power of roughly $65,740 in an average-cost area.

The salary spread in Oklahoma is significant: loan officers at the 10th percentile earn $30,272, while those at the 90th percentile bring home $132,268 — a $101,996 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Oklahoma for this role is Edmond, where the median reaches $60,481.

Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). This steady growth indicates stable demand for loan officers across the country.

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

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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

Loan Officer Salary by City in Oklahoma

The largest employment areas for loan officers in Oklahoma include Oklahoma City, Tulsa, Norman, and Broken Arrow. Salaries vary by city based on local cost of living and demand.

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.

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Frequently Asked Questions: Loan Officer Salary in Oklahoma

How much does a Loan Officer make in Oklahoma? ▼
The median loan officer salary in Oklahoma 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 Oklahoma? ▼
Based on the median annual salary of $56,536, a loan officer in Oklahoma earns approximately $27 per hour assuming a standard 2,080-hour work year.
Is Oklahoma a good state for loan officers? ▼
Oklahoma ranks #47 out of 50 states for loan officer pay. The cost of living index is 86% of the national average. Entry-level loan officers earn $32,680, while senior professionals earn $111,800.
How does Oklahoma compare to other states for loan officer salary? ▼
The highest paying state for loan officers is Hawaii at $111,758. Oklahoma's median of $56,536 ranks #47 nationally. Nearby-ranked states include Kansas ($57,194) and Kentucky ($57,194).
What is the entry-level loan officer salary in Oklahoma? ▼
An entry-level loan officer in Oklahoma earns approximately $32,680 per year. With 3-7 years of experience, pay increases to around $56,760. Senior-level professionals with 8+ years earn up to $111,800.
What city in Oklahoma pays loan officers the most? ▼
Edmond is the highest paying city in Oklahoma for loan officers, with a median salary of $60,481. Other cities include Oklahoma City and Tulsa.