Business & Finance Edmond, OK Pop. 94,054

Loan Officer Salary in Edmond, Oklahoma

The median loan officer salary in Edmond, OK is $60,481 per year, which is 8% below the national median and 7.0% above the Oklahoma state average.

City Median
$60,481
vs State Avg
+$3,945
vs National
$-5,259
Cost of Living
92%

Loan Officer Salary in Edmond by Experience

In Edmond, an entry-level loan officer earns around $34,960, while experienced professionals earn up to $119,600 per year. The local cost of living index is 92% of the national average.

Entry Level (0-2 yrs)
$34,960
$-3,040 vs national
Mid Level (3-7 yrs)
$60,720
$-5,280 vs national
Senior Level (8+ yrs)
$119,600
$-10,400 vs national

Salary Percentiles in Edmond, OK

Percentile Edmond
10th Percentile $32,384
25th Percentile $41,768
Median (50th) $60,481
75th Percentile $92,000
90th Percentile $141,496

Loan Officer Salary in Other Oklahoma Cities

Oklahoma City, OK
$57,851
Pop. 681,054
Norman, OK
$57,851
Pop. 128,026
Broken Arrow, OK
$57,851
Pop. 113,540
Tulsa, OK
$56,536
Pop. 413,066

How to Become a Loan Officer in Edmond

Education

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

Find Loan Officer Jobs in Edmond

Browse open loan officer positions in Edmond, OK:

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Frequently Asked Questions: Loan Officer Salary in Edmond

How much does a Loan Officer make in Edmond, OK? ▼
The median loan officer salary in Edmond, Oklahoma is $60,481 per year, which is 8% below the national median of $65,740. Salaries range from $32,384 (10th percentile) to $141,496 (90th percentile).
How much does a Loan Officer make per hour in Edmond? ▼
Based on the median annual salary of $60,481, a loan officer in Edmond earns approximately $29 per hour assuming a standard 2,080-hour work year.
How does Edmond compare to the Oklahoma state average for loan officer pay? ▼
Edmond's median loan officer salary of $60,481 is 7.0% above the Oklahoma state average of $56,536. The local cost of living index is 92% of the national average.
What is the cost of living in Edmond, OK? ▼
Edmond has a cost of living index of 92% compared to the national average. This means a loan officer salary of $60,481 in Edmond has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Edmond? ▼
Most loan officer positions in Edmond 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.