Business & Finance Broken Arrow, OK Pop. 113,540

Loan Officer Salary in Broken Arrow, Oklahoma

The median loan officer salary in Broken Arrow, OK is $57,851 per year, which is 12% below the national median and 2.3% above the Oklahoma state average.

City Median
$57,851
vs State Avg
+$1,315
vs National
$-7,889
Cost of Living
88%

Loan Officer Salary in Broken Arrow by Experience

In Broken Arrow, an entry-level loan officer earns around $33,440, while experienced professionals earn up to $114,400 per year. The local cost of living index is 88% of the national average.

Entry Level (0-2 yrs)
$33,440
$-4,560 vs national
Mid Level (3-7 yrs)
$58,080
$-7,920 vs national
Senior Level (8+ yrs)
$114,400
$-15,600 vs national

Salary Percentiles in Broken Arrow, OK

Percentile Broken Arrow
10th Percentile $30,976
25th Percentile $39,952
Median (50th) $57,851
75th Percentile $88,000
90th Percentile $135,344

Loan Officer Salary in Other Oklahoma Cities

Edmond, OK
$60,481
Pop. 94,054
Oklahoma City, OK
$57,851
Pop. 681,054
Norman, OK
$57,851
Pop. 128,026
Tulsa, OK
$56,536
Pop. 413,066

How to Become a Loan Officer in Broken Arrow

Education

Most loan officer positions require a bachelor's degree. Broken Arrow and the surrounding Oklahoma 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 Broken Arrow may vary based on local industry and population growth.

Find Loan Officer Jobs in Broken Arrow

Browse open loan officer positions in Broken Arrow, OK:

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Frequently Asked Questions: Loan Officer Salary in Broken Arrow

How much does a Loan Officer make in Broken Arrow, OK? ▼
The median loan officer salary in Broken Arrow, Oklahoma is $57,851 per year, which is 12% below the national median of $65,740. Salaries range from $30,976 (10th percentile) to $135,344 (90th percentile).
How much does a Loan Officer make per hour in Broken Arrow? ▼
Based on the median annual salary of $57,851, a loan officer in Broken Arrow earns approximately $28 per hour assuming a standard 2,080-hour work year.
How does Broken Arrow compare to the Oklahoma state average for loan officer pay? ▼
Broken Arrow's median loan officer salary of $57,851 is 2.3% above the Oklahoma state average of $56,536. The local cost of living index is 88% of the national average.
What is the cost of living in Broken Arrow, OK? ▼
Broken Arrow has a cost of living index of 88% compared to the national average. This means a loan officer salary of $57,851 in Broken Arrow has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Broken Arrow? ▼
Most loan officer positions in Broken Arrow 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.