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Loan Officers in Kentucky

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Loan Officers in Kentucky

Is Kentucky a good place for you to work as a Loan Officer?

16.2% Jobs Projection
$60,400 Median Salary
440 Job Openings

You’re in luck! Jobs for Loan Officers in Kentucky are projected to grow and these jobs tend to pay higher than average.

  • Projected employment for Loan Officers in Kentucky is growing faster than average.

  • Loan Officers in Kentucky earn higher salaries than the typical U.S. wage earner.

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.

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The typical state has 4,250 Loan Officers working in it, which means Kentucky has more Loan Officers than average.

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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%.

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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.

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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

You may also be interested in the following careers:

References

More about our data sources and methodologies.

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