Loan Officer salary in Mississippi
Loan Officers in Mississippi earn a median of $60,260 a year ($28.97 an hour), based on BLS data for 3,450 workers.
Pay ranges from $37,030 for the lowest-paid 10% to $131,510 for the top 10%. That is 21% lower than the national median of $76,690. Mississippi ranks 49th of 51 states for loan officers pay. There are 3.0 loan officers per 1,000 jobs here — the job is 1.7× more common than nationally. The average (mean) salary is $73,480, above the median because a few high earners pull it up.
Pay range for loan officers in Mississippi
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $37,030 | $17.80 |
| 25th percentile | $44,930 | $21.60 |
| Median | $60,260 | $28.97 |
| 75th percentile | $83,330 | $40.06 |
| 90th percentile (top earners) | $131,510 | $63.22 |
| Average (mean) | $73,480 | $35.33 |
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 | $5,021.67 |
| Semi-monthly (24 a year) | $2,510.83 |
| Biweekly (26 a year) | $2,317.69 |
| Weekly | $1,158.85 |
| Hourly | $28.97 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $60,260 salary, see how much house you can afford in Mississippi at today's mortgage rates, or work out a payment with the mortgage calculator.
Loan Officer salary in cities in Mississippi
| Metro area | Median salary | Workers |
|---|---|---|
| Memphis, TN-MS-AR | $63,250 | 930 |
| Jackson, MS | $61,110 | 810 |
| Hattiesburg, MS | $58,560 | 300 |
| Gulfport-Biloxi, MS | $56,640 | 400 |
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 |
Related jobs in Mississippi
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $68,100 | $32.74 |
| Personal Financial Advisor | $63,300 | $30.43 |
| Financial and Investment Analysts | $79,580 | $38.26 |
| Tax Examiners and Collectors, and Revenue Agents | $41,860 | $20.12 |
| Insurance Underwriter | $59,250 | $28.49 |
| Tax Preparer | $50,670 | $24.36 |
| Property Appraisers and Assessors | $54,530 | $26.22 |
| Financial Examiner | $85,430 | $41.07 |
| Financial Specialists, All Other | $73,920 | $35.54 |
| Budget Analyst | $78,850 | $37.91 |
| Credit Analyst | $74,880 | $36.00 |
| Financial Risk Specialist | $96,100 | $46.20 |
| Credit Counselor | $45,990 | $22.11 |
| Human Resources Specialist | $60,300 | $28.99 |
More: Business and Financial Operations Occupations · all salaries in Mississippi
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 Mississippi?
The median salary for loan officers in Mississippi is $60,260 a year, or $28.97 an hour. Pay ranges from $37,030 for the lowest-paid 10% to $131,510 for the top 10%.
How much do the highest-paid loan officers make in Mississippi?
The top 10% of loan officers in Mississippi earn at least $131,510 a year. The top 25% earn $83,330 or more.
What is the starting pay for loan officers in Mississippi?
Entry-level pay (the 10th percentile) is about $37,030 a year, and a quarter of loan officers earn $44,930 or less.
How many loan officers work in Mississippi?
About 3,450 loan officers are employed in Mississippi, not counting the self-employed.