Loan Officer Salary in Kentucky
Based on 4K+ workers in Kentucky
Median Annual Salary (KY)
$62,090
$29.85/hr
vs National Average
$76,354
-18.7% vs national median
Salary Range (10th–90th)
$42K – $125K
4K employed in Kentucky
Loan Officer salary in Kentucky averages $62,090 per year, according to current labor data. With approximately 3,940 loan officers employed across the state, this represents a significant portion of the financial services workforce. However, Kentucky's median salary falls about 19% below the national average, reflecting regional economic differences and cost of living variations.
Several factors influence Loan Officer salary in Kentucky, including experience level, employer size, and specific lending specialization. Salaries in the field range from $41,620 for entry-level positions to $124,520 for highly experienced professionals. Geographic location within the state, educational credentials, and the type of lending institution—whether bank, credit union, or mortgage company—also play important roles in determining individual compensation packages.
Salary Distribution — Loan Officer in Kentucky
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $41,620 |
| 25th percentile | $47,860 |
| Median (50th percentile) | $62,090 |
| 75th percentile | $92,990 |
| 90th percentile | $124,520 |
Top-Paying Industries for Loan Officer (U.S.)
Which industries pay Loan Officers the most — nationwide figures (industry-level data is not available by state). Loan Officers in Kentucky tend to follow these industry patterns.
| Industry (U.S.) | Median Salary | Employed (U.S.) |
|---|---|---|
| Retail Trade | $103,260 | 12K |
| Real Estate and Rental and Leasing | $84,090 | 3K |
| Government (excl. schools, hospitals & USPS) | $81,330 | 6K |
| Management of Companies and Enterprises | $79,570 | 12K |
| Other Services (except Public Administration) | $77,140 | 560 |
Source: U.S. BLS OEWS National Industry-Specific estimates, May 2025. National figures (not state-specific).
Historical Salary Trend — Loan Officer in Kentucky vs National
| Year | Median Salary (Kentucky) |
|---|---|
| 2022 | $63,330 |
| 2023 | $64,100 |
| 2024 | $68,600 |
| 2025 | $62,090 |
| 2026 (projected) | $62,090 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | Kentucky Median | National Median |
|---|---|---|
| 2022 | $63,330 | $68,453 |
| 2023 | $64,100 | $70,692 |
| 2024 | $68,600 | $73,485 |
| 2025 | $62,090 | $76,354 |
| 2026 (projected) | $62,090 | $76,354 |
Loan Officer Salary by Experience Level in Kentucky
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $47,860 |
| Mid-level | 3-5 yrs | $62,090 |
| Senior | 6-9 yrs | $92,990 |
| Staff / Lead | 10+ yrs | $124,520 |
Loan Officer Salary in Other States
Related Loan Officer Salaries in Kentucky
How other high-demand occupations in Kentucky compare to Loan Officer ($62,090 median).
| Occupation | Median Salary | vs Loan Officer | Hourly |
|---|---|---|---|
| Financial Manager in KY | $130,650 | +110.4% | $62.81/hr |
| Actuary in KY | $120,400 | +93.9% | $57.88/hr |
| Financial Analyst in KY | $81,660 | +31.5% | $39.26/hr |
| Credit Analyst in KY | $79,290 | +27.7% | $38.12/hr |
| Budget Analyst in KY | $76,860 | +23.8% | $36.95/hr |
| Financial Examiner in KY | $76,260 | +22.8% | $36.66/hr |
| Accountant in KY | $75,270 | +21.2% | $36.19/hr |
| Economist in KY | $71,400 | +15.0% | $34.33/hr |
| Compliance Officer in KY | $69,240 | +11.5% | $33.29/hr |
| Personal Financial Advisor in KY | $67,150 | +8.1% | $32.28/hr |
| Tax Examiner in KY | $65,690 | +5.8% | $31.58/hr |
| Insurance Sales Agent in KY | $60,880 | -1.9% | $29.27/hr |
Frequently Asked Questions
How much do loan officers make in Kentucky?
- The median salary for loan officers in Kentucky is $62,090 per year, or $30 per hour. This is 18.7% below the national average, making it a relatively affordable state for this profession compared to the rest of the country.
What is the salary range for loan officers in Kentucky?
- Loan officers in Kentucky earn between $41,620 and $124,520 annually, depending on experience, employer, and performance. This wide range shows significant earning potential for those who advance in the field.
Is the loan officer salary in Kentucky competitive?
- Kentucky's median loan officer salary of $62,090 is 18.7% lower than the national average, making it less competitive than many states. However, with 3,940 loan officers currently employed in the state, there is a stable job market for this position.
Which loan officers earn the most in Kentucky?
- The highest-earning loan officers in Kentucky can make up to $124,520 annually, which is more than three times the entry-level salary of $41,620. These top earners likely have extensive experience and work for larger financial institutions or in specialized lending sectors.