Loan Officer Salary in Mississippi
Based on 3K+ workers in Mississippi
Median Annual Salary (MS)
$60,260
$28.97/hr
vs National Average
$76,354
-21.1% vs national median
Salary Range (10th–90th)
$37K – $132K
3K employed in Mississippi
Understanding the **Loan Officer salary in Mississippi** reveals a median income of $60,260 annually. This figure falls significantly below the national average, by approximately 21%, with the actual earnings for these professionals ranging from $37,030 to $131,510 per year. There are currently around 3,450 Loan Officers employed across the state, contributing to the financial sector's operations.
Several factors influence the **Loan Officer salary in Mississippi**. Experience level, the specific type of lending institution (e.g., bank, credit union, mortgage company), and geographic location within Mississippi can all play a role. Larger institutions or those in more economically vibrant areas may offer higher compensation, while specialized loan types might also command different salary ranges.
Salary Distribution — Loan Officer in Mississippi
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $37,030 |
| 25th percentile | $44,930 |
| Median (50th percentile) | $60,260 |
| 75th percentile | $83,330 |
| 90th percentile | $131,510 |
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 Mississippi 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 Mississippi vs National
| Year | Median Salary (Mississippi) |
|---|---|
| 2022 | $47,650 |
| 2023 | $49,180 |
| 2024 | $59,950 |
| 2025 | $60,260 |
| 2026 (projected) | $60,572 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | Mississippi Median | National Median |
|---|---|---|
| 2022 | $47,650 | $68,453 |
| 2023 | $49,180 | $70,692 |
| 2024 | $59,950 | $73,485 |
| 2025 | $60,260 | $76,354 |
| 2026 (projected) | $60,572 | $76,749 |
Loan Officer Salary by Experience Level in Mississippi
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $44,930 |
| Mid-level | 3-5 yrs | $60,260 |
| Senior | 6-9 yrs | $83,330 |
| Staff / Lead | 10+ yrs | $131,510 |
Loan Officer Salary in Other States
Related Loan Officer Salaries in Mississippi
How other high-demand occupations in Mississippi compare to Loan Officer ($60,260 median).
| Occupation | Median Salary | vs Loan Officer | Hourly |
|---|---|---|---|
| Financial Manager in MS | $111,390 | +84.8% | $53.55/hr |
| Actuary in MS | $106,210 | +76.3% | $51.06/hr |
| Financial Examiner in MS | $85,430 | +41.8% | $41.07/hr |
| Financial Analyst in MS | $79,580 | +32.1% | $38.26/hr |
| Budget Analyst in MS | $78,850 | +30.8% | $37.91/hr |
| Credit Analyst in MS | $74,880 | +24.3% | $36.00/hr |
| Tax Examiner in MS | $73,920 | +22.7% | $35.54/hr |
| Accountant in MS | $68,100 | +13.0% | $32.74/hr |
| Compliance Officer in MS | $67,450 | +11.9% | $32.43/hr |
| Personal Financial Advisor in MS | $63,300 | +5.0% | $30.43/hr |
| Insurance Sales Agent in MS | $47,930 | -20.5% | $23.04/hr |
| Securities Sales Agent in MS | $46,680 | -22.5% | $22.44/hr |
Frequently Asked Questions
What is the average salary for a Loan Officer in Mississippi?
- The median salary for a Loan Officer in Mississippi is $60,260 per year, which breaks down to approximately $29 per hour. This is 21.1% lower than the national average for this role.
What is the typical salary range for Loan Officers in Mississippi?
- In Mississippi, Loan Officers can expect to earn a salary ranging from $37,030 to $131,510 annually. The median salary falls within this range at $60,260 per year.
How many Loan Officers are employed in Mississippi?
- There are approximately 3,450 Loan Officers employed in Mississippi. This figure represents the total number of individuals working in this profession within the state.
Is the salary for Loan Officers in Mississippi lower than the national average?
- Yes, the salary for Loan Officers in Mississippi is lower than the national average. The median salary of $60,260 per year in Mississippi is 21.1% less than the national median.