Loan Officers Salary
Loan Officers in Panama City-Panama City Beach, FL make a median of $74,220 a year, or about $35.69 an hour. The range runs from $43K at the entry level to $131K for experienced workers. Adjusted for local prices (RPP 97.3), that's roughly $76,280 in purchasing power. Rent on a 2-bedroom averages $1,017/month, or 19.7% of estimated take-home pay.
So what does $74K get you in Panama City-Panama City Beach?
Groceries, utilities, transportation, and healthcare scaled from national averages by Panama City-Panama City Beach’s Regional Price Parity (97.3). 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 Panama City-Panama City Beach
Loan officers pay in Panama City-Panama City Beach tracks closely to the national median, $74K locally vs. $77K nationwide, a 3% difference. Housing is manageable: a 2-bedroom at the HUD median costs $1,017/month, 20.1% of take-home, well inside the 30% guideline. Cost of living (RPP 97.3) is near the national average, so spending patterns here track the typical American budget fairly closely. Use the affordability calculator above to model your specific situation.
Compared to nearby metros
Median pay for loan officers in metros near Panama City-Panama City Beach, 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, Panama City-Panama City Beach, FL
Entry-level loan officers (10th percentile) start around $43K. Mid-career wages sit at $74K. Top earners bring in $131K or more, a $88K 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)
Track loan officers salary changes
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Frequently asked questions
Can a loan officer afford a 2BR apartment alone in Panama City-Panama City Beach?
Yes — at the median salary of $74K, rent takes 20.1% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,017/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for loan officers in Panama City-Panama City Beach?
The 10th-percentile wage — what new loan officers typically earn — is $43K/year. Take-home on that works out to about $2,582/month. At HUD’s $1,017/month FMR, rent would take 39% 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 Panama City-Panama City Beach?
Pay here is roughly in line with the national average — $74K locally vs. $77K nationally, a 3% difference.
How does Panama City-Panama City Beach compare to the national average for loan officers?
Panama City-Panama City Beach pays $74K median vs. the U.S. average of $77K — that’s -3%. After adjusting for local cost of living (RPP 97.3), the purchasing-power equivalent is $76K — below the national median.
How much do loan officers make in Panama City-Panama City Beach, FL?
The median is $74,220 a year, that works out to about $36 an hour. But the range is wide: entry-level workers start around $43,040, and experienced loan officers can clear $131,120. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $74K enough to live in Panama City-Panama City Beach?
On that salary, you'd take home roughly $5,050/month after taxes. A 2-bedroom here rents for about $1,017/month, which eats 20.1% 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 Panama City-Panama City Beach?
Panama City-Panama City Beach has a Regional Price Parity of 97.3 (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 $76,280 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.