Loan Officers Salary

Yes — at the median salary of $74K, rent takes 22.9% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,097/month. That stays under the 30% guideline most financial planners use.

The 10th-percentile wage — what new loan officers typically earn — is $39K/year. Take-home on that works out to about $2,335/month. At HUD’s $1,097/month FMR, rent would take 47% of that take-home — above the 30% guideline, so a 1-bedroom or shared housing is likely necessary starting out.

Pay here is roughly in line with the national average — $74K locally vs. $77K nationally, a 4% difference.

Missouri pays $74K median vs. the U.S. average of $77K — that’s -4%. After adjusting for local cost of living (RPP 88.97), the purchasing-power equivalent is $83K — still ahead of the national median.

The median is $73,660 a year, that works out to about $35 an hour. But the range is wide: entry-level workers start around $38,910, and experienced loan officers can clear $136,130. These are BLS numbers, based on employer-reported data, not self-reported surveys.

On that salary, you'd take home roughly $4,790/month after taxes. A 2-bedroom here rents for about $1,097/month, which eats 22.9% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.

Missouri has a Regional Price Parity of 88.97 (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 $82,792 in national-average purchasing power.

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.