Loan Officers Salary in Lexington-Fayette, KY
Loan Officers in Lexington-Fayette, KY make a median of $74,460 a year, or about $35.8 an hour. The range runs from $43K at the entry level to $113K for experienced workers. Cost of living is below average (RPP 92.89), which stretches that salary to about $80,159 in buying power. Rent on a 2-bedroom averages $1,272/month, or 26% of estimated take-home pay.
So what does $74K get you in Lexington-Fayette?
Groceries, utilities, transportation, and healthcare scaled from national averages by Lexington-Fayette’s Regional Price Parity (92.89). 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.
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Compensation breakdown
Annual earnings by percentile, Lexington-Fayette, KY
Entry-level loan officers (10th percentile) start around $43K. Mid-career wages sit at $74K. Top earners bring in $113K or more, a $70K spread from bottom to top.
Loan Officers pay across states
Median income ranked highest to lowest, compared to the national figure
| State | Median salary | vs. national | Employment |
|---|---|---|---|
| District of Columbia | $102K | +38% | 420 |
| New York | $99K | +33% | 11,850 |
| New Jersey | $95K | +28% | 5,690 |
| Massachusetts | $93K | +26% | 4,310 |
| Vermont | $86K | +17% | 440 |
| Minnesota | $84K | +14% | 6,950 |
| North Dakota | $83K | +12% | 1,370 |
| Kansas | $83K | +11% | 3,950 |
| Delaware | $81K | +9% | 1,480 |
| Iowa | $80K | +8% | 3,350 |
| Virginia | $80K | +7% | 9,170 |
| California | $80K | +7% | 27,420 |
| Wisconsin | $79K | +7% | 5,020 |
| New Hampshire | $79K | +6% | 1,190 |
| South Dakota | $79K | +6% | 1,930 |
| Maine | $78K | +5% | 1,170 |
| Connecticut | $78K | +5% | 2,680 |
| Rhode Island | $77K | +4% | 1,560 |
| Washington | $77K | +4% | 6,480 |
| Wyoming | $76K | +3% | 750 |
| Illinois | $76K | +2% | 10,330 |
| North Carolina | $76K | +2% | 11,890 |
| Nebraska | $76K | +2% | 2,730 |
| Oregon | $75K | +1% | 3,810 |
| Maryland | $73K | -1% | 3,990 |
| Missouri | $73K | -2% | 7,000 |
| New Mexico | $73K | -2% | 970 |
| Michigan | $73K | -2% | 10,910 |
| Georgia | $72K | -3% | 9,480 |
| Indiana | $71K | -4% | 4,740 |
| Florida | $71K | -4% | 19,750 |
| Hawaii | $70K | -5% | 960 |
| Arkansas | $70K | -6% | 2,810 |
| Ohio | $69K | -7% | 10,340 |
| Kentucky | $69K | -8% | 3,990 |
| Montana | $66K | -11% | 1,390 |
| Oklahoma | $66K | -11% | 4,530 |
| Alaska | $65K | -12% | 510 |
| Idaho | $64K | -13% | 2,290 |
| Texas | $64K | -14% | 24,070 |
| Tennessee | $63K | -15% | 7,610 |
| South Carolina | $62K | -17% | 4,280 |
| Pennsylvania | $61K | -17% | 8,820 |
| Utah | $61K | -18% | 5,590 |
| Alabama | $61K | -18% | 5,680 |
| Mississippi | $60K | -19% | 2,770 |
| Nevada | $58K | -21% | 2,960 |
| Louisiana | $57K | -23% | 3,010 |
| Arizona | $54K | -28% | 11,420 |
| West Virginia | $50K | -33% | 1,300 |
Showing 1–10 of 50 states
BLS does not publish data for every state when sample sizes are too small
Track loan officers salary changes
BLS updates this data quarterly. We'll email you when Lexington-Fayette numbers change.
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Frequently asked questions
How much do loan officers make in Lexington-Fayette, KY?
The median is $74,460 a year, that works out to about $36 an hour. But the range is wide: entry-level workers start around $42,990, and experienced loan officers can clear $113,040. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $74K enough to live in Lexington-Fayette?
On that salary, you'd take home roughly $4,816/month after taxes. A 2-bedroom here rents for about $1,272/month, which eats 26.4% 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 Lexington-Fayette?
Lexington-Fayette has a Regional Price Parity of 92.89 (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 $80,159 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.