Loan Officer salary in Florence-Muscle Shoals, AL
Loan Officers in the Florence-Muscle Shoals, AL metro area earn a median of $63,870 a year ($30.71 an hour), based on BLS data for 150 workers.
Pay ranges from $44,720 for the lowest-paid 10% to $159,650 for the top 10%. That is 17% lower than the national median of $76,690. Pay here is 4% lower than the Alabama statewide median of $66,710. There are 2.6 loan officers per 1,000 jobs here — the job is 1.5× more common than nationally. The average (mean) salary is $81,550, above the median because a few high earners pull it up.
Pay range for loan officers in Florence-Muscle Shoals, AL
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $44,720 | $21.50 |
| 25th percentile | $47,240 | $22.71 |
| Median | $63,870 | $30.71 |
| 75th percentile | $98,080 | $47.16 |
| 90th percentile (top earners) | $159,650 | $76.75 |
| Average (mean) | $81,550 | $39.21 |
Half of loan officers earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $5,322.50 |
| Semi-monthly (24 a year) | $2,661.25 |
| Biweekly (26 a year) | $2,456.54 |
| Weekly | $1,228.27 |
| Hourly | $30.71 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $63,870 salary, see how much house you can afford in Alabama at today's mortgage rates, or work out a payment with the mortgage calculator.
Loan Officer salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| Huntsville, AL | $76,970 | 320 |
| Mobile, AL | $72,860 | 260 |
| Auburn-Opelika, AL | $71,860 | 130 |
| Decatur, AL | $69,800 | 120 |
| Birmingham, AL | $66,740 | 1,730 |
| Daphne-Fairhope-Foley, AL | $66,250 | 180 |
| Dothan, AL | $66,230 | 150 |
| Tuscaloosa, AL | $64,080 | 250 |
| Montgomery, AL | $63,510 | 380 |
| Anniston-Oxford, AL | $61,740 | 100 |
| Gadsden, AL | $54,360 | 100 |
| Columbus, GA-AL | $50,010 | 170 |
Highest-paying states for loan officers
| State | Median salary |
|---|---|
| Massachusetts | $101,600 |
| Connecticut | $95,730 |
| New York | $95,710 |
| Minnesota | $95,170 |
| Colorado | $94,520 |
| Oregon | $94,440 |
| New Jersey | $92,920 |
| District of Columbia | $92,890 |
| Vermont | $88,710 |
| Kansas | $86,970 |
See Loan Officer pay in every state or the Alabama statewide figures.
Related jobs in Florence-Muscle Shoals, AL
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $67,600 | $32.50 |
| Personal Financial Advisor | $71,990 | $34.61 |
| Human Resources Specialist | $60,560 | $29.12 |
| Buyers and Purchasing Agents | $62,410 | $30.01 |
| Market Research Analysts and Marketing Specialists | $51,940 | $24.97 |
| Cost Estimator | $69,200 | $33.27 |
| Business Operations Specialists, All Other | $82,120 | $39.48 |
| Logistician | $76,640 | $36.85 |
| Project Management Specialist | $93,950 | $45.17 |
| Compliance Officer | $66,620 | $32.03 |
| Claims Adjusters, Examiners, and Investigators | $81,700 | $39.28 |
| Labor Relations Specialist | $76,500 | $36.78 |
| Training and Development Specialists | $63,600 | $30.58 |
| Management Analyst | $98,270 | $47.24 |
More: Business and Financial Operations Occupations · all salaries in Florence-Muscle Shoals, AL
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 13-2072. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a loan officer make in Florence-Muscle Shoals, AL?
The median salary for loan officers in the Florence-Muscle Shoals, AL metro area is $63,870 a year, or $30.71 an hour. Pay ranges from $44,720 for the lowest-paid 10% to $159,650 for the top 10%.
How much do the highest-paid loan officers make in Florence-Muscle Shoals, AL?
The top 10% of loan officers in the Florence-Muscle Shoals, AL metro area earn at least $159,650 a year. The top 25% earn $98,080 or more.
What is the starting pay for loan officers in Florence-Muscle Shoals, AL?
Entry-level pay (the 10th percentile) is about $44,720 a year, and a quarter of loan officers earn $47,240 or less.
How many loan officers work in Florence-Muscle Shoals, AL?
About 150 loan officers are employed in the Florence-Muscle Shoals, AL metro area, not counting the self-employed.