Loan Officers in Missouri
Is Missouri a good place for you to work as a Loan Officer?
You’re in luck! Jobs for Loan Officers in Missouri are projected to grow and these jobs tend to pay higher than average.
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Projected employment for Loan Officers in Missouri is growing faster than average.
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Loan Officers in Missouri earn higher salaries than the typical U.S. wage earner.
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How Many Loan Officers Work in Missouri?
There were approximately 7,130 workers employed as Loan Officers in this state in 2018.
There were 7,590 Loan Officers employed in this state in 2017.
That’s a decline of 460 jobs between 2017 and 2018.
The typical state has 4,250 Loan Officers working in it, which means Missouri has more Loan Officers than average.
Job Projections for Missouri
Jobs for Loan Officers in this state are growing at a rate of 9.2% which is slower than the nationwide estimated projection of 11.4%.
Missouri Annual Job Openings
The BLS estimates there will be 700 annual job openings, and 8,290 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 Missouri?
In 2018 wages for Loan Officers ranged from $41,200 to $123,540 with $68,010 being the median annual salary.
Broken down to an hourly rate, workers in this field made anywhere from $19.81 to $59.4. The median hourly rate was $32.7.
Workers in this field were paid a median of $31.44 an hour in 2017.
The hourly rate grew by $1.26.
The median salary in Missouri is higher than the nationwide median salary.
Top Missouri 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 |
|---|---|---|
| St. Louis, MO-IL | 3,710 | $70,760 |
| Kansas City, MO-KS | 2,610 | $70,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 520 | $63,620 |
| Springfield, MO | 400 | $79,450 |
| Columbia, MO | 350 | $71,990 |
| Jefferson City, MO | 250 | $63,620 |
| St. Joseph, MO-KS | 120 | $49,080 |
| Cape Girardeau, MO-IL | 70 | $64,770 |
| Joplin, MO | 70 | $60,250 |
Top States for Loan Officers Employment
View the list below to see 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 MO
You may also be interested in the following careers:
| Occupation | MO 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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