Loan Officers in Alabama
Is Alabama a good place for you to work as a Loan Officer?
You’re in luck! Jobs for Loan Officers in Alabama are projected to grow and these jobs tend to pay higher than average.
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Projected employment for Loan Officers in Alabama is growing faster than average.
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Loan Officers in Alabama earn higher salaries than the typical U.S. wage earner.
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How Many Loan Officers Work in Alabama?
In 2018, there were 3,910 Loan Officers working in the state.
There were 3,850 Loan Officers employed in this state in 2017.
That’s growth of 60 jobs between 2017 and 2018.
The typical state has 4,250 Loan Officers working in it, which means Alabama has fewer Loan Officers than average.
Job Projections for Alabama
Jobs for Loan Officers in this state are growing at a rate of 10.3% which is slower than the nationwide estimated projection of 11.4%.
Alabama Annual Job Openings
The BLS estimates there will be 360 annual job openings, and 4,170 total jobs in 2026 for Loan Officers in this state.
Nationwide, the prediction is 30,400 annual jobs and 354,900 total jobs in 2026.
What do Loan Officers Make in Alabama?
In 2018 wages for Loan Officers ranged from $33,210 to $116,470 with $57,660 being the median annual salary.
Broken down to an hourly rate, workers in this field made anywhere from $15.97 to $55.99. The median hourly rate was $27.72.
Workers in this field were paid a median of $28.41 an hour in 2017.
The hourly rate declined by $0.69.
The median salary in Alabama is higher than the nationwide median salary.
Top Alabama Metros for Loan Officers
The table below shows some of the metros in this state with the most Loan Officers.
| Metro | Number Employed | Annual Median Salary |
|---|---|---|
| Birmingham-Hoover, AL | 1,180 | $60,940 |
| Huntsville, AL | 380 | $66,890 |
| Montgomery, AL | 340 | $48,410 |
| Tuscaloosa, AL | 250 | $63,490 |
| Mobile, AL | 240 | $58,690 |
| Columbus, GA-AL | 220 | $53,760 |
| Florence-Muscle Shoals, AL | 200 | $52,540 |
| Daphne-Fairhope-Foley, AL | 190 | $70,500 |
| Auburn-Opelika, AL | 90 | $64,260 |
| Decatur, AL | 70 | $43,020 |
| Dothan, AL | 60 | $63,480 |
| Gadsden, AL | 50 | $38,480 |
| Anniston-Oxford-Jacksonville, AL | 50 | $51,790 |
Top States for Loan Officers Employment
The table below shows the states where most Loan Officers work.
| State | Number Employed | Annual Median Salary |
|---|---|---|
| California | 37,030 | $61,310 |
| Texas | 19,950 | $68,710 |
| Florida | 18,000 | $67,760 |
| North Carolina | 13,910 | $62,360 |
| New York | 12,890 | $78,520 |
| Illinois | 12,330 | $66,570 |
| Ohio | 11,520 | $64,770 |
| Virginia | 10,140 | $63,860 |
| Pennsylvania | 10,010 | $59,340 |
| Arizona | 8,970 | $54,400 |
| Georgia | 7,790 | $54,690 |
| Minnesota | 7,740 | $72,030 |
| Missouri | 7,130 | $68,010 |
| Wisconsin | 7,090 | $62,850 |
| Washington | 6,940 | $60,540 |
| New Jersey | 6,670 | $73,180 |
| Massachusetts | 5,780 | $70,090 |
| Tennessee | 5,440 | $54,490 |
| Kentucky | 5,300 | $60,400 |
| Utah | 5,220 | $45,470 |
Below are the states where Loan Officers get paid the most:
| State | Annual Median Salary |
|---|---|
| New York | $78,520 |
| New Hampshire | $76,430 |
| Nebraska | $75,800 |
| Connecticut | $74,990 |
| District of Columbia | $74,840 |
| New Jersey | $73,180 |
| Minnesota | $72,030 |
| Kansas | $71,550 |
| Massachusetts | $70,090 |
| Texas | $68,710 |
Related Careers in AL
Discover similar careers:
| Occupation | AL Employment Total |
|---|
References
- Bureau of Labor Statistics (BLS)
- College Factual
- National Center for Education Statistics
- O*NET Online
- Image Credit: By Dave Dugdale under License
More about our data sources and methodologies.
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