Loan Officer salary in Paducah, KY-IL
Loan Officers in the Paducah, KY-IL metro area earn a median of $60,080 a year ($28.88 an hour), based on BLS data for 90 workers.
Pay ranges from $43,170 for the lowest-paid 10% to $133,630 for the top 10%. That is 22% lower than the national median of $76,690. Pay here is 3% lower than the Kentucky statewide median of $62,090. There are 1.8 loan officers per 1,000 jobs here — close to the national average. The average (mean) salary is $75,490, above the median because a few high earners pull it up.
Pay range for loan officers in Paducah, KY-IL
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $43,170 | $20.75 |
| 25th percentile | $47,710 | $22.94 |
| Median | $60,080 | $28.88 |
| 75th percentile | $95,240 | $45.79 |
| 90th percentile (top earners) | $133,630 | $64.25 |
| Average (mean) | $75,490 | $36.29 |
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 | $5,006.67 |
| Semi-monthly (24 a year) | $2,503.33 |
| Biweekly (26 a year) | $2,310.77 |
| Weekly | $1,155.38 |
| Hourly | $28.88 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $60,080 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 |
|---|---|---|
| Chicago-Naperville-Elgin, IL-IN | $80,040 | 7,380 |
| Champaign-Urbana, IL | $78,950 | 210 |
| Springfield, IL | $78,600 | 190 |
| Cape Girardeau, MO-IL | $76,400 | 70 |
| Rockford, IL | $75,880 | 90 |
| Davenport-Moline-Rock Island, IA-IL | $75,380 | 350 |
| Cincinnati, OH-KY-IN | $75,300 | 2,060 |
| Decatur, IL | $75,190 | 90 |
| Peoria, IL | $74,530 | 270 |
| St. Louis, MO-IL | $74,510 | 2,690 |
| Bowling Green, KY | $71,020 | 170 |
| Bloomington, IL | $67,140 | 160 |
| Louisville/Jefferson County, KY-IN | $64,460 | 1,120 |
| Elizabethtown, KY | $64,090 | 130 |
| Lexington-Fayette, KY | $63,760 | 420 |
| Kankakee, IL | $62,570 | 80 |
| Clarksville, TN-KY | $60,270 | 210 |
| 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 Paducah, KY-IL
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $73,650 | $35.41 |
| Personal Financial Advisor | $72,480 | $34.85 |
| Project Management Specialist | $78,090 | $37.54 |
| Human Resources Specialist | $64,500 | $31.01 |
| Market Research Analysts and Marketing Specialists | $60,720 | $29.19 |
| Training and Development Specialists | $65,260 | $31.37 |
| Buyers and Purchasing Agents | $59,990 | $28.84 |
| Compliance Officer | $69,780 | $33.55 |
| Cost Estimator | $82,610 | $39.72 |
| Management Analyst | $96,080 | $46.19 |
| Business Operations Specialists, All Other | $74,570 | $35.85 |
| Labor Relations Specialist | $73,780 | $35.47 |
More: Business and Financial Operations Occupations · all salaries in Paducah, KY-IL
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 Paducah, KY-IL?
The median salary for loan officers in the Paducah, KY-IL metro area is $60,080 a year, or $28.88 an hour. Pay ranges from $43,170 for the lowest-paid 10% to $133,630 for the top 10%.
How much do the highest-paid loan officers make in Paducah, KY-IL?
The top 10% of loan officers in the Paducah, KY-IL metro area earn at least $133,630 a year. The top 25% earn $95,240 or more.
What is the starting pay for loan officers in Paducah, KY-IL?
Entry-level pay (the 10th percentile) is about $43,170 a year, and a quarter of loan officers earn $47,710 or less.
How many loan officers work in Paducah, KY-IL?
About 90 loan officers are employed in the Paducah, KY-IL metro area, not counting the self-employed.