Loan Officer salary in St. Louis, MO-IL
Loan Officers in the St. Louis, MO-IL metro area earn a median of $74,510 a year ($35.82 an hour), based on BLS data for 2,690 workers.
Pay ranges from $38,370 for the lowest-paid 10% to $149,000 for the top 10%. That is 3% lower than the national median of $76,690. Pay here is 1% higher than the Missouri statewide median of $73,660. There are 2.0 loan officers per 1,000 jobs here — close to the national average. The average (mean) salary is $86,970, above the median because a few high earners pull it up.
Pay range for loan officers in St. Louis, MO-IL
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $38,370 | $18.45 |
| 25th percentile | $51,640 | $24.83 |
| Median | $74,510 | $35.82 |
| 75th percentile | $101,430 | $48.77 |
| 90th percentile (top earners) | $149,000 | $71.64 |
| Average (mean) | $86,970 | $41.81 |
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 | $6,209.17 |
| Semi-monthly (24 a year) | $3,104.58 |
| Biweekly (26 a year) | $2,865.77 |
| Weekly | $1,432.88 |
| Hourly | $35.82 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $74,510 salary, see how much house you can afford in Missouri 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 |
|---|---|---|
| Kansas City, MO-KS | $82,330 | 2,180 |
| Columbia, MO | $81,850 | 450 |
| 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 |
| Springfield, MO | $76,040 | 480 |
| Rockford, IL | $75,880 | 90 |
| Davenport-Moline-Rock Island, IA-IL | $75,380 | 350 |
| Decatur, IL | $75,190 | 90 |
| Peoria, IL | $74,530 | 270 |
| Joplin, MO-KS | $70,170 | 140 |
| Bloomington, IL | $67,140 | 160 |
| Jefferson City, MO | $64,430 | 270 |
| St. Joseph, MO-KS | $63,080 | 80 |
| Kankakee, IL | $62,570 | 80 |
| Paducah, KY-IL | $60,080 | 90 |
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 Missouri statewide figures.
Related jobs in St. Louis, MO-IL
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $78,880 | $37.92 |
| Financial and Investment Analysts | $99,950 | $48.05 |
| Personal Financial Advisor | $103,690 | $49.85 |
| Financial Specialists, All Other | $85,240 | $40.98 |
| Insurance Underwriter | $82,270 | $39.55 |
| Financial Examiner | $80,430 | $38.67 |
| Property Appraisers and Assessors | $59,610 | $28.66 |
| Credit Analyst | $73,850 | $35.51 |
| Financial Risk Specialist | $97,920 | $47.08 |
| Tax Preparer | $69,210 | $33.27 |
| Budget Analyst | $96,930 | $46.60 |
| Credit Counselor | $49,550 | $23.82 |
| Tax Examiners and Collectors, and Revenue Agents | $83,390 | $40.09 |
| Project Management Specialist | $100,510 | $48.32 |
More: Business and Financial Operations Occupations · all salaries in St. Louis, MO-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 St. Louis, MO-IL?
The median salary for loan officers in the St. Louis, MO-IL metro area is $74,510 a year, or $35.82 an hour. Pay ranges from $38,370 for the lowest-paid 10% to $149,000 for the top 10%.
How much do the highest-paid loan officers make in St. Louis, MO-IL?
The top 10% of loan officers in the St. Louis, MO-IL metro area earn at least $149,000 a year. The top 25% earn $101,430 or more.
What is the starting pay for loan officers in St. Louis, MO-IL?
Entry-level pay (the 10th percentile) is about $38,370 a year, and a quarter of loan officers earn $51,640 or less.
How many loan officers work in St. Louis, MO-IL?
About 2,690 loan officers are employed in the St. Louis, MO-IL metro area, not counting the self-employed.