Loan Officers Salary
Loan Officers in Louisiana make a median of $61,110 a year, or about $29.38 an hour. The range runs from $38K at the entry level to $124K for experienced workers. Cost of living is below average (RPP 87.28), which stretches that salary to about $70,016 in buying power. Rent on a 2-bedroom averages $1,191/month, or 29.7% of estimated take-home pay.
Statewide average. Salary and cost of living vary significantly across Louisiana. Jump to a metro for precise data:
So what does $61K get you in Louisiana?
About loan officers
Sponsored links, AffordMap may earn a commission at no cost to you. Learn more
What this looks like in Louisiana
Pay for loan officers in Louisiana runs about 20% below the U.S. median of $77K. Rent runs $1,191/month for a 2-bedroom (HUD FMR), taking 29.1% of the median take-home. That's within the 30% rule, though not by much. Regional Price Parity sits at 87.28 (national = 100), meaning everyday costs run about 13% cheaper here. Your dollar stretches further than the headline salary suggests. Use the affordability calculator above to model your specific situation.
Compensation breakdown
Annual earnings by percentile, Louisiana
Entry-level loan officers (10th percentile) start around $38K. Mid-career wages sit at $61K. Top earners bring in $124K or more, a $86K spread from bottom to top.
Loan Officers salary by metro in Louisiana
10 metro areas with BLS data, ranked by median pay
| Metro area | Median salary | vs. state | Employment |
|---|---|---|---|
| Slidell-Mandeville-Covington | $73K | +20% | 150 |
| Houma-Bayou Cane-Thibodaux | $63K | +2% | 110 |
| New Orleans-Metairie | $62K | +2% | 470 |
| Hammond | $61K | +0% | 80 |
| Alexandria | $60K | -2% | 110 |
| Monroe | $59K | -3% | 190 |
| Baton Rouge | $59K | -3% | 570 |
| Lafayette | $59K | -4% | 340 |
| Lake Charles | $57K | -7% | 130 |
| Shreveport-Bossier City | $53K | -14% | 220 |
Compare to other states
Track loan officers salary changes
BLS updates this data quarterly. We'll email you when Louisiana numbers change.
Related careers in Business & Finance
Frequently asked questions
Can a loan officer afford a 2BR apartment alone in Louisiana?
Yes — at the median salary of $61K, rent takes 29.1% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,191/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for loan officers in Louisiana?
The 10th-percentile wage — what new loan officers typically earn — is $38K/year. Take-home on that works out to about $2,286/month. At HUD’s $1,191/month FMR, rent would take 52% 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 Louisiana?
Local pay runs 20% below the national median — $61K here vs. $77K nationally. Cost of living is 13% below the national average, which narrows that gap in real purchasing power.
How does Louisiana compare to the national average for loan officers?
Louisiana pays $61K median vs. the U.S. average of $77K — that’s -20%. After adjusting for local cost of living (RPP 87.28), the purchasing-power equivalent is $70K — below the national median.
How much do loan officers make in Louisiana?
The median is $61,110 a year, that works out to about $29 an hour. But the range is wide: entry-level workers start around $38,100, and experienced loan officers can clear $124,420. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $61K enough to live in Louisiana?
On that salary, you'd take home roughly $4,094/month after taxes. A 2-bedroom here rents for about $1,191/month, which eats 29.1% 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 Louisiana?
Louisiana has a Regional Price Parity of 87.28 (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 $70,016 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.