Loan Officers Salary
Loan Officers in Fort Smith, AR-OK make a median of $61,050 a year, or about $29.35 an hour. The range runs from $35K at the entry level to $140K for experienced workers. Cost of living is below average (RPP 85.89), which stretches that salary to about $71,079 in buying power. Rent on a 2-bedroom averages $937/month, or 23.4% of estimated take-home pay.
So what does $61K get you in Fort Smith?
Groceries, utilities, transportation, and healthcare scaled from national averages by Fort Smith’s Regional Price Parity (85.89). 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 Fort Smith
Pay for loan officers in Fort Smith runs about 20% below the U.S. median of $77K. Housing is manageable: a 2-bedroom at the HUD median costs $937/month, 23% of take-home, well inside the 30% guideline. Regional Price Parity sits at 85.89 (national = 100), meaning everyday costs run about 14% cheaper here. Your dollar stretches further than the headline salary suggests. Lower pay, lower costs, Fort Smith can be a reasonable trade-off for loan officerss who value affordability over top-dollar markets.
Compared to nearby metros
Median pay for loan officers in metros near Fort Smith, adjusted for local cost of living.
| Metro | Median pay | COL-adjusted |
|---|---|---|
| Little Rock-North Little Rock-Conway | $63K | $70K |
| Fayetteville-Springdale-Rogers | $84K | $92K |
| Jonesboro | $95K | $111K |
| Hot Springs | $84K | $98K |
COL-adjusted = median salary ÷ (BEA Regional Price Parity ÷ 100). Expresses purchasing power in national-average dollars.
Compensation breakdown
Annual earnings by percentile, Fort Smith, AR-OK
Entry-level loan officers (10th percentile) start around $35K. Mid-career wages sit at $61K. Top earners bring in $140K or more, a $105K 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
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Frequently asked questions
Can a loan officer afford a 2BR apartment alone in Fort Smith?
Yes — at the median salary of $61K, rent takes 23% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $937/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for loan officers in Fort Smith?
The 10th-percentile wage — what new loan officers typically earn — is $35K/year. Take-home on that works out to about $2,110/month. At HUD’s $937/month FMR, rent would take 44% 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 Fort Smith?
Local pay runs 20% below the national median — $61K here vs. $77K nationally. Cost of living is 14% below the national average, which narrows that gap in real purchasing power.
How does Fort Smith compare to the national average for loan officers?
Fort Smith pays $61K median vs. the U.S. average of $77K — that’s -20%. After adjusting for local cost of living (RPP 85.89), the purchasing-power equivalent is $71K — below the national median.
How much do loan officers make in Fort Smith, AR-OK?
The median is $61,050 a year, that works out to about $29 an hour. But the range is wide: entry-level workers start around $35,160, and experienced loan officers can clear $139,930. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $61K enough to live in Fort Smith?
On that salary, you'd take home roughly $4,073/month after taxes. A 2-bedroom here rents for about $937/month, which eats 23% 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 Fort Smith?
Fort Smith has a Regional Price Parity of 85.89 (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 $71,079 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.