Loan Officers Salary
Loan Officers in Cape Girardeau, MO-IL make a median of $76,400 a year, or about $36.73 an hour. The range runs from $44K at the entry level to $128K for experienced workers. Cost of living is below average (RPP 86.08), which stretches that salary to about $88,755 in buying power. Rent on a 2-bedroom averages $992/month, or 19.8% of estimated take-home pay.
So what does $76K get you in Cape Girardeau?
Groceries, utilities, transportation, and healthcare scaled from national averages by Cape Girardeau’s Regional Price Parity (86.08). Rent from HUD Fair Market Rents. Taxes estimated for single filer, standard deduction. * Healthcare is the employee-paid share only (premiums + out-of-pocket). Actual costs vary by coverage type: employer-sponsored, ACA marketplace, or uninsured.
About loan officers
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What this looks like in Cape Girardeau
Loan officers pay in Cape Girardeau tracks closely to the national median, $76K locally vs. $77K nationwide, a 0% difference. Housing is manageable: a 2-bedroom at the HUD median costs $992/month, 20.1% of take-home, well inside the 30% guideline. Regional Price Parity sits at 86.08 (national = 100), meaning everyday costs run about 14% cheaper here. Your dollar stretches further than the headline salary suggests. Use the affordability calculator above to model your specific situation.
Compared to nearby metros
Median pay for loan officers in metros near Cape Girardeau, adjusted for local cost of living.
| Metro | Median pay | COL-adjusted |
|---|---|---|
| St. Louis | $75K | $78K |
| Kansas City | $82K | $89K |
| Springfield | $76K | $86K |
| Columbia | $82K | $92K |
COL-adjusted = median salary ÷ (BEA Regional Price Parity ÷ 100). Expresses purchasing power in national-average dollars.
Compensation breakdown
Annual earnings by percentile, Cape Girardeau, MO-IL
Entry-level loan officers (10th percentile) start around $44K. Mid-career wages sit at $76K. Top earners bring in $128K or more, a $84K spread from bottom to top.
Loan Officers pay across states
Median income ranked highest to lowest, compared to the national figure
View Loan Officers salary in all states
| State | Median salary | vs. national | Employment |
|---|---|---|---|
| Massachusetts | $102K | +32% | 4,470 |
| Connecticut | $96K | +25% | 2,220 |
| New York | $96K | +25% | 10,840 |
| Minnesota | $95K | +24% | 6,430 |
| Colorado | $95K | +23% | 3,230 |
| Oregon | $94K | +23% | 4,220 |
| New Jersey | $93K | +21% | 6,200 |
| District of Columbia | $93K | +21% | 370 |
| Vermont | $89K | +16% | 350 |
| Kansas | $87K | +13% | 3,540 |
| North Dakota | $85K | +10% | 1,370 |
| Iowa | $84K | +9% | 2,840 |
| Delaware | $83K | +8% | 1,420 |
| Maine | $82K | +7% | 1,060 |
| California | $82K | +7% | 25,790 |
| New Hampshire | $81K | +5% | 1,120 |
| Washington | $80K | +4% | 6,040 |
| South Dakota | $80K | +4% | 1,820 |
| Nebraska | $80K | +4% | 2,710 |
| Wyoming | $80K | +4% | 740 |
| Illinois | $79K | +3% | 10,890 |
| Virginia | $78K | +2% | 8,790 |
| Wisconsin | $78K | +2% | 4,940 |
| Rhode Island | $77K | +1% | 1,290 |
| Ohio | $76K | -0% | 9,880 |
| North Carolina | $76K | -1% | 10,700 |
| Michigan | $74K | -3% | 11,340 |
| Missouri | $74K | -4% | 7,050 |
| Maryland | $74K | -4% | 3,850 |
| Oklahoma | $73K | -5% | 4,100 |
| Indiana | $73K | -5% | 4,790 |
| Alaska | $73K | -5% | 490 |
| Montana | $72K | -7% | 1,180 |
| Florida | $71K | -7% | 18,830 |
| Idaho | $71K | -7% | 2,030 |
| Arkansas | $70K | -8% | 2,610 |
| Pennsylvania | $69K | -10% | 8,140 |
| Georgia | $68K | -11% | 9,540 |
| Alabama | $67K | -13% | 5,050 |
| Texas | $66K | -13% | 21,200 |
| Nevada | $65K | -16% | 2,580 |
| Hawaii | $64K | -17% | 980 |
| South Carolina | $63K | -18% | 4,140 |
| Tennessee | $63K | -18% | 6,510 |
| New Mexico | $63K | -18% | 1,140 |
| Arizona | $62K | -19% | 10,020 |
| Kentucky | $62K | -19% | 3,940 |
| Louisiana | $61K | -20% | 2,810 |
| Mississippi | $60K | -21% | 3,450 |
| Utah | $59K | -22% | 3,990 |
| West Virginia | $58K | -25% | 1,290 |
Showing 1–10 of 51 (all 50 states + DC)
Track loan officers salary changes
BLS updates this data quarterly. We'll email you when Cape Girardeau numbers change.
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Frequently asked questions
Can a loan officer afford a 2BR apartment alone in Cape Girardeau?
Yes — at the median salary of $76K, rent takes 20.1% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $992/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for loan officers in Cape Girardeau?
The 10th-percentile wage — what new loan officers typically earn — is $44K/year. Take-home on that works out to about $2,642/month. At HUD’s $992/month FMR, rent would take 38% 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 Cape Girardeau?
Pay here is roughly in line with the national average — $76K locally vs. $77K nationally, a 0% difference.
How does Cape Girardeau compare to the national average for loan officers?
Cape Girardeau pays $76K median vs. the U.S. average of $77K — that’s +0%. After adjusting for local cost of living (RPP 86.08), the purchasing-power equivalent is $89K — still ahead of the national median.
How much do loan officers make in Cape Girardeau, MO-IL?
The median is $76,400 a year, that works out to about $37 an hour. But the range is wide: entry-level workers start around $44,030, and experienced loan officers can clear $128,180. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $76K enough to live in Cape Girardeau?
On that salary, you'd take home roughly $4,940/month after taxes. A 2-bedroom here rents for about $992/month, which eats 20.1% 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 Cape Girardeau?
Cape Girardeau has a Regional Price Parity of 86.08 (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 $88,755 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.