Loan Officer salary in Lexington-Fayette, KY
Loan Officers in the Lexington-Fayette, KY metro area earn a median of $63,760 a year ($30.66 an hour), based on BLS data for 420 workers.
Pay ranges from $43,570 for the lowest-paid 10% to $134,220 for the top 10%. That is 17% lower than the national median of $76,690. Pay here is 3% higher than the Kentucky statewide median of $62,090. There are 1.5 loan officers per 1,000 jobs here — close to the national average. The average (mean) salary is $81,070, above the median because a few high earners pull it up.
Pay range for loan officers in Lexington-Fayette, KY
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $43,570 | $20.95 |
| 25th percentile | $50,200 | $24.13 |
| Median | $63,760 | $30.66 |
| 75th percentile | $100,840 | $48.48 |
| 90th percentile (top earners) | $134,220 | $64.53 |
| Average (mean) | $81,070 | $38.98 |
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 | $5,313.33 |
| Semi-monthly (24 a year) | $2,656.67 |
| Biweekly (26 a year) | $2,452.31 |
| Weekly | $1,226.15 |
| Hourly | $30.66 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $63,760 salary, see how much house you can afford in Kentucky 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 |
|---|---|---|
| Cincinnati, OH-KY-IN | $75,300 | 2,060 |
| Bowling Green, KY | $71,020 | 170 |
| Louisville/Jefferson County, KY-IN | $64,460 | 1,120 |
| Elizabethtown, KY | $64,090 | 130 |
| Clarksville, TN-KY | $60,270 | 210 |
| Paducah, KY-IL | $60,080 | 90 |
| Owensboro, KY | $58,730 | 200 |
| Huntington-Ashland, WV-KY-OH | $57,000 | 210 |
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 Kentucky statewide figures.
Related jobs in Lexington-Fayette, KY
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $77,780 | $37.40 |
| Financial and Investment Analysts | $81,410 | $39.14 |
| Insurance Underwriter | $100,990 | $48.55 |
| Tax Preparer | $38,510 | $18.52 |
| Personal Financial Advisor | $74,260 | $35.70 |
| Financial Examiner | $89,730 | $43.14 |
| Budget Analyst | $82,930 | $39.87 |
| Credit Counselor | $50,430 | $24.25 |
| Financial Risk Specialist | $78,820 | $37.90 |
| Credit Analyst | $84,140 | $40.45 |
| Financial Specialists, All Other | $77,400 | $37.21 |
| Project Management Specialist | $84,520 | $40.63 |
| Human Resources Specialist | $69,990 | $33.65 |
| Market Research Analysts and Marketing Specialists | $65,280 | $31.38 |
More: Business and Financial Operations Occupations · all salaries in Lexington-Fayette, KY
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 Lexington-Fayette, KY?
The median salary for loan officers in the Lexington-Fayette, KY metro area is $63,760 a year, or $30.66 an hour. Pay ranges from $43,570 for the lowest-paid 10% to $134,220 for the top 10%.
How much do the highest-paid loan officers make in Lexington-Fayette, KY?
The top 10% of loan officers in the Lexington-Fayette, KY metro area earn at least $134,220 a year. The top 25% earn $100,840 or more.
What is the starting pay for loan officers in Lexington-Fayette, KY?
Entry-level pay (the 10th percentile) is about $43,570 a year, and a quarter of loan officers earn $50,200 or less.
How many loan officers work in Lexington-Fayette, KY?
About 420 loan officers are employed in the Lexington-Fayette, KY metro area, not counting the self-employed.