SalaryByCity

Loan Officers Salary in Birmingham, AL

2024 wage data from the Bureau of Labor Statistics

Median Salary
$61,240
Average Salary
$79,250
vs National
$-12,940
Employed
1,810

Salary Overview

Loan Officers is a moderate occupation in Birmingham, AL, with a median annual salary of $61,240. Loan Officerss in Birmingham, AL earn $12,940 less (17%) than the national median of $74,180. There is significant earning potential — top earners make 3.

💡

Loan Officerss in Birmingham, AL earn $12,940 less (17%) than the national median of $74,180.

💡

The average salary ($79,250) is notably higher than the median — this means top earners pull the average up. A small number of highly paid Loan Officerss skew the data.

💡

About 1,810 Loan Officerss work in Birmingham, AL, indicating a healthy local job market.

Cost of Living Consideration

Although Birmingham, AL pays below the national average, the cost of living may also be lower. Your purchasing power could be comparable to higher-salary cities. Check local housing costs before deciding.

Salary Distribution

$40,700$147,120
10th %ileMedian: $61,24090th %ile
PercentileAnnual SalaryMonthly
10th Percentile$40,700$3,392
25th Percentile$49,420$4,118
Median$61,240$5,103
75th Percentile$92,690$7,724
90th Percentile$147,120$12,260
Mean (Average)$79,250$6,604

Loan Officers Salary in Other Cities

Metro AreaMedian Salary
New York-Newark-Jersey City, NY-NJ-PA$102,540
Boston-Cambridge-Nashua, MA-NH$94,850
Washington-Arlington-Alexandria, DC-VA-MD-WV$94,840
San Francisco-Oakland-Berkeley, CA$94,110
Minneapolis-St. Paul-Bloomington, MN-WI$91,900
San Jose-Sunnyvale-Santa Clara, CA$81,990
Denver-Aurora-Lakewood, CO$81,200
Charlotte-Concord-Gastonia, NC-SC$81,160
Los Angeles-Long Beach-Anaheim, CA$80,340
Kansas City, MO-KS$79,690

Highest Paying Jobs in Birmingham, AL

OccupationMedian Salary
Family Medicine Physicians$236,160
Architectural and Engineering Managers$157,790
Lawyers$152,240
Financial Managers$151,750
Database Administrators$132,700
Computer Network Architects$127,850
Engineers, All Other$120,950
General and Operations Managers$117,820
Electrical Engineers$109,360
Nurse Practitioners$107,550

Explore More About This Area

Cost of Living in Birmingham, ALCity Guide: Birmingham, AL

Frequently Asked Questions

What is the average Loan Officers salary in Birmingham, AL?
The median annual salary for a Loan Officers in Birmingham, AL is $61,240 as of 2024. The average (mean) salary is $79,250.
What is the salary range for Loan Officers in Birmingham, AL?
Loan Officers salaries in Birmingham, AL range from $40,700 (10th percentile) to $147,120 (90th percentile). The middle 50% earn between $49,420 and $92,690.
How many Loan Officers work in Birmingham, AL?
There are approximately 1,810 Loan Officers employed in the Birmingham, AL metropolitan area.
Is Loan Officers a good career in Birmingham, AL?
Loan Officers is a moderate occupation in Birmingham, AL, with a median annual salary of $61,240. Loan Officerss in Birmingham, AL earn $12,940 less (17%) than the national median of $74,180. There is significant earning potential — top earners make 3.
What is the earning potential for Loan Officerss?
There is significant earning potential — top earners make 3.6x more than entry-level. Experience, specialization, and certifications can dramatically increase your pay.
Is the Loan Officers salary enough to live in Birmingham, AL?
Although Birmingham, AL pays below the national average, the cost of living may also be lower. Your purchasing power could be comparable to higher-salary cities. Check local housing costs before deciding.