Loan Officers Salary
Loan Officers in Wichita Falls, TX make a median of $58,240 a year, or about $28 an hour. The range runs from $41K at the entry level to $132K for experienced workers. Cost of living is below average (RPP 89.51), which stretches that salary to about $65,065 in buying power. Rent on a 2-bedroom averages $1,136/month, or 28.1% of estimated take-home pay.
So what does $58K get you in Wichita Falls?
Groceries, utilities, transportation, and healthcare scaled from national averages by Wichita Falls’s Regional Price Parity (89.51). 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 Wichita Falls
Pay for loan officers in Wichita Falls runs about 24% below the U.S. median of $77K. Rent runs $1,136/month for a 2-bedroom (HUD FMR), taking 27.9% of the median take-home. That's within the 30% rule, though not by much. Regional Price Parity sits at 89.51 (national = 100), meaning everyday costs run about 10% cheaper here. Your dollar stretches further than the headline salary suggests. Use the affordability calculator above to model your specific situation.
Compared to nearby metros
Median pay for loan officers in metros near Wichita Falls, adjusted for local cost of living.
| Metro | Median pay | COL-adjusted |
|---|---|---|
| Dallas-Fort Worth-Arlington | $74K | $72K |
| Houston-Pasadena-The Woodlands | $68K | $68K |
| Austin-Round Rock-San Marcos | $59K | $60K |
| San Antonio-New Braunfels | $67K | $71K |
COL-adjusted = median salary ÷ (BEA Regional Price Parity ÷ 100). Expresses purchasing power in national-average dollars.
Compensation breakdown
Annual earnings by percentile, Wichita Falls, TX
Entry-level loan officers (10th percentile) start around $41K. Mid-career wages sit at $58K. Top earners bring in $132K or more, a $91K 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 Wichita Falls?
Yes — at the median salary of $58K, rent takes 27.9% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,136/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for loan officers in Wichita Falls?
The 10th-percentile wage — what new loan officers typically earn — is $41K/year. Take-home on that works out to about $2,472/month. At HUD’s $1,136/month FMR, rent would take 46% 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 Wichita Falls?
Local pay runs 24% below the national median — $58K here vs. $77K nationally. Cost of living is 10% below the national average, which narrows that gap in real purchasing power.
How does Wichita Falls compare to the national average for loan officers?
Wichita Falls pays $58K median vs. the U.S. average of $77K — that’s -24%. After adjusting for local cost of living (RPP 89.51), the purchasing-power equivalent is $65K — below the national median.
How much do loan officers make in Wichita Falls, TX?
The median is $58,240 a year, that works out to about $28 an hour. But the range is wide: entry-level workers start around $41,200, and experienced loan officers can clear $132,220. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $58K enough to live in Wichita Falls?
On that salary, you'd take home roughly $4,070/month after taxes. A 2-bedroom here rents for about $1,136/month, which eats 27.9% 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 Wichita Falls?
Wichita Falls has a Regional Price Parity of 89.51 (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 $65,065 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.