Loan Officer Salary in Austin, TX
2024 BLS OEWS Data · Finance · COL Index: 103
$64,310
Median Salary
$73,830
Mean Salary
$62,437
COL-Adjusted
2,020
Employment
Salary Distribution
Percentile Breakdown
| Percentile | Salary | COL-Adjusted |
|---|---|---|
| 10th Percentile (Entry Level) | $23,190 | $22,515 |
| 25th Percentile | $45,930 | $44,592 |
| 50th Percentile (Median) | $64,310 | $62,437 |
| 75th Percentile | $88,730 | $86,146 |
| 90th Percentile (Top Earners) | $128,620 | $124,874 |
What Drives the Range
The $105,430 spread between the 10th and 90th percentiles for Loan Officer positions in Austin, TX reflects several factors. Entry-level professionals and those in smaller organizations typically fall in the lower quartiles, while senior specialists, those with in-demand certifications, and employees at large enterprises command salaries in the upper percentiles.
Austin, TX's cost-of-living index of 103 means that a $64,310 median salary here has the same purchasing power as $62,437 in an average-cost U.S. city. The relatively moderate cost of living makes this a competitive market for purchasing power.