Loan Officer Salary in Alabama
Loan Officers in Alabama earn an average of $62,650 per year across 1 metro area. This is +10.5% lower than the national average.
Average Salary
$62,650
per year
Hourly Rate
$30.12
per hour
vs National
-10.5%
$69,990 national
Salary Range
$40,494
to $89,787
Cost of Living Adjusted Salary
Nominal Salary
$62,650
Cost of Living Index
89
100 = national average
Adjusted Salary
$70,393
purchasing power equivalent
After adjusting for Alabama's cost of living (below average), a Loan Officer's salary of $62,650 has the purchasing power of $70,393 in an average-cost area.
Loan Officer Salary by City in Alabama
| City | Median Salary | Hourly Rate | Entry Level (P10) | Senior (P90) | Employment |
|---|---|---|---|---|---|
| Birmingham, AL | $62,650 | $30.12/hr | $40,494 | $89,787 | 260 |
Source: Bureau of Labor Statistics OEWS Survey, 2026. Sorted by median salary (highest first).
Alabama vs National Average
Loan Officer Salary Comparison
Employment in Alabama
There are approximately 260 Loan Officers employed across 1 metro area in Alabama.
Key Industries: Aerospace & Defense, Automotive Manufacturing, Healthcare
State Income Tax: 2% - 5%
Loan Officer Salary Range in Alabama
Entry Level (10th Percentile)
$40,494
Starting salary for new Loan Officers
Median (50th Percentile)
$62,650
Mid-career Loan Officer salary
Senior (90th Percentile)
$89,787
Top earners in the field
Related Occupations in Alabama
Loan Officer Salary in Neighboring States
Compare Loan Officer salaries in Alabama with nearby states to find the best opportunities.
More Alabama Data
Frequently Asked Questions
What is the average Loan Officer salary in Alabama?
The average Loan Officer salary in Alabama is $62,650 per year ($30.12/hour) based on 2026 data across 1 metro areas. This is 10.5% below the national average of $69,990.
What is the highest paying city for Loan Officers in Alabama?
Birmingham, AL is the highest paying city for Loan Officers in Alabama, with a median salary of $62,650 per year.
What is the salary range for Loan Officers in Alabama?
Loan Officer salaries in Alabama range from $40,494 (entry-level, 10th percentile) to $89,787 (experienced, 90th percentile). The median salary is $62,650 per year.
About This Data
Salary data is sourced from the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey. State-level averages are calculated from metro area data within Alabama. Figures represent 2026 estimates and may not reflect all employers or self-employed workers. Cost of living adjustments use regional indices to provide purchasing power context.