Business & Finance Austin, TX Pop. 978,908

Loan Officer Salary in Austin, Texas

The median loan officer salary in Austin, TX is $69,027 per year, which is 5.0% above the national median and 14.1% above the Texas state average.

City Median
$69,027
vs State Avg
+$8,546
vs National
+$3,287
Cost of Living
105%

Loan Officer Salary in Austin by Experience

In Austin, an entry-level loan officer earns around $39,900, while experienced professionals earn up to $136,500 per year. The local cost of living index is 105% of the national average.

Entry Level (0-2 yrs)
$39,900
+$1,900 vs national
Mid Level (3-7 yrs)
$69,300
+$3,300 vs national
Senior Level (8+ yrs)
$136,500
+$6,500 vs national

Salary Percentiles in Austin, TX

Percentile Austin
10th Percentile $36,960
25th Percentile $47,670
Median (50th) $69,027
75th Percentile $105,000
90th Percentile $161,490

Loan Officer Salary in Other Texas Cities

Dallas, TX
$65,740
Pop. 1,304,379
Houston, TX
$63,110
Pop. 2,304,580
Fort Worth, TX
$60,481
Pop. 918,915
San Antonio, TX
$57,851
Pop. 1,434,625

How to Become a Loan Officer in Austin

Education

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

Find Loan Officer Jobs in Austin

Browse open loan officer positions in Austin, TX:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Loan Officer Salary in Austin

How much does a Loan Officer make in Austin, TX? ▼
The median loan officer salary in Austin, Texas is $69,027 per year, which is 5.0% above the national median of $65,740. Salaries range from $36,960 (10th percentile) to $161,490 (90th percentile).
How much does a Loan Officer make per hour in Austin? ▼
Based on the median annual salary of $69,027, a loan officer in Austin earns approximately $33 per hour assuming a standard 2,080-hour work year.
How does Austin compare to the Texas state average for loan officer pay? ▼
Austin's median loan officer salary of $69,027 is 14.1% above the Texas state average of $60,481. The local cost of living index is 105% of the national average.
What is the cost of living in Austin, TX? ▼
Austin has a cost of living index of 105% compared to the national average. This means a loan officer salary of $69,027 in Austin has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Austin? ▼
Most loan officer positions in Austin 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.