Business & Finance Norman, OK Pop. 128,026

Loan Officer Salary in Norman, Oklahoma

The median loan officer salary in Norman, 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 Norman by Experience

In Norman, 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 Norman, OK

Percentile Norman
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
Broken Arrow, OK
$57,851
Pop. 113,540
Tulsa, OK
$56,536
Pop. 413,066

How to Become a Loan Officer in Norman

Education

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

Find Loan Officer Jobs in Norman

Browse open loan officer positions in Norman, OK:

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Frequently Asked Questions: Loan Officer Salary in Norman

How much does a Loan Officer make in Norman, OK? ▼
The median loan officer salary in Norman, 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 Norman? ▼
Based on the median annual salary of $57,851, a loan officer in Norman earns approximately $28 per hour assuming a standard 2,080-hour work year.
How does Norman compare to the Oklahoma state average for loan officer pay? ▼
Norman'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 Norman, OK? ▼
Norman has a cost of living index of 88% compared to the national average. This means a loan officer salary of $57,851 in Norman has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Norman? ▼
Most loan officer positions in Norman 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.