Loan Officers Salary
Loan Officers in Alabama make a median of $66,710 a year, or about $32.07 an hour. The range runs from $42K at the entry level to $156K for experienced workers. Cost of living is below average (RPP 88.36), which stretches that salary to about $75,498 in buying power. Rent on a 2-bedroom averages $1,085/month, or 24.8% of estimated take-home pay.
Statewide average. Salary and cost of living vary significantly across Alabama. Jump to a metro for precise data:
So what does $67K get you in Alabama?
About loan officers
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What this looks like in Alabama
Pay for loan officers in Alabama runs about 13% below the U.S. median of $77K. Housing is manageable: a 2-bedroom at the HUD median costs $1,085/month, 25% of take-home, well inside the 30% guideline. Regional Price Parity sits at 88.36 (national = 100), meaning everyday costs run about 12% cheaper here. Your dollar stretches further than the headline salary suggests. Lower pay, lower costs, Alabama can be a reasonable trade-off for loan officerss who value affordability over top-dollar markets.
Compensation breakdown
Annual earnings by percentile, Alabama
Entry-level loan officers (10th percentile) start around $42K. Mid-career wages sit at $67K. Top earners bring in $156K or more, a $114K spread from bottom to top.
Loan Officers salary by metro in Alabama
12 metro areas with BLS data, ranked by median pay
| Metro area | Median salary | vs. state | Employment |
|---|---|---|---|
| Huntsville | $77K | +15% | 320 |
| Mobile | $73K | +9% | 260 |
| Auburn-Opelika | $72K | +8% | 130 |
| Decatur | $70K | +5% | 120 |
| Birmingham | $67K | +0% | 1,730 |
| Daphne-Fairhope-Foley | $66K | -1% | 180 |
| Dothan | $66K | -1% | 150 |
| Tuscaloosa | $64K | -4% | 250 |
| Florence-Muscle Shoals | $64K | -4% | 150 |
| Montgomery | $64K | -5% | 380 |
| Anniston-Oxford | $62K | -7% | 100 |
| Gadsden | $54K | -19% | 100 |
Showing 1–10 of 12 metros
Compare to other states
Track loan officers salary changes
BLS updates this data quarterly. We'll email you when Alabama numbers change.
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Frequently asked questions
Can a loan officer afford a 2BR apartment alone in Alabama?
Yes — at the median salary of $67K, rent takes 25% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,085/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for loan officers in Alabama?
The 10th-percentile wage — what new loan officers typically earn — is $42K/year. Take-home on that works out to about $2,525/month. At HUD’s $1,085/month FMR, rent would take 43% of that take-home — above the 30% guideline, so a 1-bedroom or shared housing is likely necessary starting out.
Is loan officer a high-paying job in Alabama?
Local pay runs 13% below the national median — $67K here vs. $77K nationally. Cost of living is 12% below the national average, which narrows that gap in real purchasing power.
How does Alabama compare to the national average for loan officers?
Alabama pays $67K median vs. the U.S. average of $77K — that’s -13%. After adjusting for local cost of living (RPP 88.36), the purchasing-power equivalent is $75K — below the national median.
How much do loan officers make in Alabama?
The median is $66,710 a year, that works out to about $32 an hour. But the range is wide: entry-level workers start around $42,090, and experienced loan officers can clear $155,660. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $67K enough to live in Alabama?
On that salary, you'd take home roughly $4,346/month after taxes. A 2-bedroom here rents for about $1,085/month, which eats 25% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a loan officers salary go in Alabama?
Alabama has a Regional Price Parity of 88.36 (100 is the national average). That's below average, your money stretches further here than the raw salary number suggests. After cost-of-living adjustment, the median loan officers salary is worth about $75,498 in national-average purchasing power.
Where do loan officers get paid the most?
The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.