Loan Officers Salary
Loan Officers in Mississippi make a median of $60,260 a year, or about $28.97 an hour. The range runs from $37K at the entry level to $132K for experienced workers. Cost of living is below average (RPP 88.9), which stretches that salary to about $67,784 in buying power. Rent on a 2-bedroom averages $1,077/month, or 27.2% of estimated take-home pay.
Statewide average. Salary and cost of living vary significantly across Mississippi. Jump to a metro for precise data:
So what does $60K get you in Mississippi?
About loan officers
Sponsored links, AffordMap may earn a commission at no cost to you. Learn more
What this looks like in Mississippi
Pay for loan officers in Mississippi runs about 21% below the U.S. median of $77K. Rent runs $1,077/month for a 2-bedroom (HUD FMR), taking 27.1% of the median take-home. That's within the 30% rule, though not by much. Regional Price Parity sits at 88.9 (national = 100), meaning everyday costs run about 11% 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, Mississippi
Entry-level loan officers (10th percentile) start around $37K. Mid-career wages sit at $60K. Top earners bring in $132K or more, a $94K spread from bottom to top.
Loan Officers salary by metro in Mississippi
3 metro areas with BLS data, ranked by median pay
| Metro area | Median salary | vs. state | Employment |
|---|---|---|---|
| Jackson | $61K | +1% | 810 |
| Hattiesburg | $59K | -3% | 300 |
| Gulfport-Biloxi | $57K | -6% | 400 |
Compare to other states
Track loan officers salary changes
BLS updates this data quarterly. We'll email you when Mississippi numbers change.
Related careers in Business & Finance
Frequently asked questions
Can a loan officer afford a 2BR apartment alone in Mississippi?
Yes — at the median salary of $60K, rent takes 27.1% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,077/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for loan officers in Mississippi?
The 10th-percentile wage — what new loan officers typically earn — is $37K/year. Take-home on that works out to about $2,222/month. At HUD’s $1,077/month FMR, rent would take 48% 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 Mississippi?
Local pay runs 21% below the national median — $60K here vs. $77K nationally. Cost of living is 11% below the national average, which narrows that gap in real purchasing power.
How does Mississippi compare to the national average for loan officers?
Mississippi pays $60K median vs. the U.S. average of $77K — that’s -21%. After adjusting for local cost of living (RPP 88.9), the purchasing-power equivalent is $68K — below the national median.
How much do loan officers make in Mississippi?
The median is $60,260 a year, that works out to about $29 an hour. But the range is wide: entry-level workers start around $37,030, and experienced loan officers can clear $131,510. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $60K enough to live in Mississippi?
On that salary, you'd take home roughly $3,969/month after taxes. A 2-bedroom here rents for about $1,077/month, which eats 27.1% 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 Mississippi?
Mississippi has a Regional Price Parity of 88.9 (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 $67,784 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.