Loan Officers in Kentucky
Is Kentucky a good place for you to work as a Loan Officer?
You’re in luck! Jobs for Loan Officers in Kentucky are projected to grow and these jobs tend to pay higher than average.
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Projected employment for Loan Officers in Kentucky is growing faster than average.
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Loan Officers in Kentucky earn higher salaries than the typical U.S. wage earner.
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How Many Loan Officers Work in Kentucky?
There were approximately 5,300 workers employed as Loan Officers in this state in 2018.
There were 5,070 Loan Officers employed in this state in 2017.
That’s growth of 230 jobs between 2017 and 2018.
The typical state has 4,250 Loan Officers working in it, which means Kentucky has more Loan Officers than average.
Job Projections for Kentucky
Jobs for Loan Officers in this state are growing at a rate of 16.2% which is faster than the nationwide estimated projection of 11.4%.
Kentucky Annual Job Openings
The BLS estimates 440 annual job openings, and a total of 4,950 jobs for Kentucky Loan Officers in 2026.
Nationwide, the prediction is 30,400 annual jobs and 354,900 total jobs in 2026.
What do Loan Officers Make in Kentucky?
In 2018 wages for Loan Officers ranged from $33,650 to $108,140 with $60,400 being the median annual salary.
Broken down to an hourly rate, workers in this field made anywhere from $16.18 to $51.99. The median hourly rate was $29.04.
Workers in this field were paid a median of $30.34 an hour in 2017.
The hourly rate declined by $1.30.
The median salary in Kentucky is higher than the nationwide median salary.
Top Kentucky Metros for Loan Officers
The table below shows some of the metros in this state with the most Loan Officers.
| Metro | Number Employed | Annual Median Salary |
|---|---|---|
| Cincinnati, OH-KY-IN | 3,310 | $66,200 |
| Louisville/Jefferson County, KY-IN | 1,580 | $61,040 |
| Lexington-Fayette, KY | 670 | $65,000 |
| Owensboro, KY | 340 | $48,640 |
| Evansville, IN-KY | 320 | $44,290 |
| Huntington-Ashland, WV-KY-OH | 240 | $47,640 |
| Clarksville, TN-KY | 220 | $54,520 |
| Elizabethtown-Fort Knox, KY | 180 | $61,590 |
| Bowling Green, KY | 160 | $50,600 |
Top States for Loan Officers Employment
View the list below to see where most Loan Officers work.
| State | Number Employed | Annual Median Salary |
|---|---|---|
| California | 37,030 | $61,310 |
| Texas | 19,950 | $68,710 |
| Florida | 18,000 | $67,760 |
| North Carolina | 13,910 | $62,360 |
| New York | 12,890 | $78,520 |
| Illinois | 12,330 | $66,570 |
| Ohio | 11,520 | $64,770 |
| Virginia | 10,140 | $63,860 |
| Pennsylvania | 10,010 | $59,340 |
| Arizona | 8,970 | $54,400 |
| Georgia | 7,790 | $54,690 |
| Minnesota | 7,740 | $72,030 |
| Missouri | 7,130 | $68,010 |
| Wisconsin | 7,090 | $62,850 |
| Washington | 6,940 | $60,540 |
| New Jersey | 6,670 | $73,180 |
| Massachusetts | 5,780 | $70,090 |
| Tennessee | 5,440 | $54,490 |
| Kentucky | 5,300 | $60,400 |
| Utah | 5,220 | $45,470 |
Below are the states where Loan Officers get paid the most:
| State | Annual Median Salary |
|---|---|
| New York | $78,520 |
| New Hampshire | $76,430 |
| Nebraska | $75,800 |
| Connecticut | $74,990 |
| District of Columbia | $74,840 |
| New Jersey | $73,180 |
| Minnesota | $72,030 |
| Kansas | $71,550 |
| Massachusetts | $70,090 |
| Texas | $68,710 |
Related Careers in KY
You may also be interested in the following careers:
References
- Bureau of Labor Statistics (BLS)
- College Factual
- National Center for Education Statistics
- O*NET Online
- Image Credit: By Dave Dugdale under License
More about our data sources and methodologies.
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