Loan Officers Salary
Loan Officers in Palm Bay-Melbourne-Titusville, FL make a median of $71,450 a year, or about $34.35 an hour. The range runs from $37K at the entry level to $126K for experienced workers. Adjusted for local prices (RPP 100), that's roughly $71,450 in purchasing power. A 2-bedroom apartment runs $1,709/month, about 34.4% of take-home, which is tight.
Where the paycheck goes
What $71K actually covers in Palm Bay-Melbourne-Titusville, month by month
Groceries, utilities, transportation, and healthcare scaled from national averages by Palm Bay-Melbourne-Titusville’s Regional Price Parity (100). 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 Palm Bay-Melbourne-Titusville
Loan officers pay in Palm Bay-Melbourne-Titusville tracks closely to the national median, $71K locally vs. $77K nationwide, a 7% difference. Rent runs $1,709/month for a 2-bedroom (HUD FMR), taking 35% of the median take-home. That's within the 30% rule, though not by much. Cost of living (RPP 100) is near the national average, so spending patterns here track the typical American budget fairly closely. Pay and costs are both near average, leaving limited margin for savings at the median wage.
Compared to nearby metros
Median pay for loan officers in metros near Palm Bay-Melbourne-Titusville, adjusted for local cost of living.
| Metro | Median pay | COL-adjusted |
|---|---|---|
| Miami-Fort Lauderdale-West Palm Beach | $72K | $63K |
| Tampa-St. Petersburg-Clearwater | $72K | $72K |
| Orlando-Kissimmee-Sanford | $67K | $67K |
| Jacksonville | $65K | $65K |
COL-adjusted = median salary ÷ (BEA Regional Price Parity ÷ 100). Expresses purchasing power in national-average dollars.
Compensation breakdown
Annual earnings by percentile, Palm Bay-Melbourne-Titusville, FL
Entry-level loan officers (10th percentile) start around $37K. Mid-career wages sit at $71K. Top earners bring in $126K or more, a $89K 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)
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Quick answers
The stuff people actually ask about this job
Can a loan officer afford a 2BR apartment alone in Palm Bay-Melbourne-Titusville?
It’s a stretch — at the median salary of $71K, rent takes 35% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,709/month. The 30% guideline puts the comfortable ceiling at roughly $1,500/month in rent — so roommates or a 1-bedroom would ease the math significantly.
What’s the entry-level salary for loan officers in Palm Bay-Melbourne-Titusville?
The 10th-percentile wage — what new loan officers typically earn — is $37K/year. Take-home on that works out to about $2,665/month. At HUD’s $1,709/month FMR, rent would take 64% 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 Palm Bay-Melbourne-Titusville?
Pay here is roughly in line with the national average — $71K locally vs. $77K nationally, a 7% difference.
How does Palm Bay-Melbourne-Titusville compare to the national average for loan officers?
Palm Bay-Melbourne-Titusville pays $71K median vs. the U.S. average of $77K — that’s -7%. After adjusting for local cost of living (RPP 100), the purchasing-power equivalent is $71K — below the national median.
How much do loan officers make in Palm Bay-Melbourne-Titusville, FL?
The median is $71,450 a year, that works out to about $34 an hour. But the range is wide: entry-level workers start around $37,260, and experienced loan officers can clear $126,220. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $71K enough to live in Palm Bay-Melbourne-Titusville?
On that salary, you'd take home roughly $4,888/month after taxes. A 2-bedroom here rents for about $1,709/month, which eats 35% of your paycheck. That's above the 30% rule of thumb, housing will be a stretch at the median salary, though you can manage with roommates or a smaller place.
How far does a loan officers salary go in Palm Bay-Melbourne-Titusville?
Palm Bay-Melbourne-Titusville has a Regional Price Parity of 100 (100 is the national average). That's right at the national average. After cost-of-living adjustment, the median loan officers salary is worth about $71,450 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.