Loan Officer Salary in Kentucky
Based on 4K+ workers in Kentucky
Median Annual Salary (KY)
$62,090
$29.851/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 |
Historical Salary Trend — Loan Officer in Kentucky vs National
| Year | Median Salary (United States) |
|---|---|
| 2022 | $63,330 |
| 2023 | $64,100 |
| 2024 | $68,600 |
| 2025 | $62,090 |
| 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 |
Loan Officer Salary by Experience Level in Kentucky
Loan Officer Salary in Other States
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.