Loan Officer Salary in Miami, FL
2024 BLS OEWS Data · Finance · COL Index: 123.1
$71,980
Median Salary
$84,110
Mean Salary
$58,473
COL-Adjusted
4,660
Employment
Salary Distribution
Percentile Breakdown
| Percentile | Salary | COL-Adjusted |
|---|---|---|
| 10th Percentile (Entry Level) | $27,740 | $22,535 |
| 25th Percentile | $47,900 | $38,911 |
| 50th Percentile (Median) | $71,980 | $58,473 |
| 75th Percentile | $101,120 | $82,145 |
| 90th Percentile (Top Earners) | $148,250 | $120,431 |
What Drives the Range
The $120,510 spread between the 10th and 90th percentiles for Loan Officer positions in Miami, FL 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.
Miami, FL's cost-of-living index of 123.1 means that a $71,980 median salary here has the same purchasing power as $58,473 in an average-cost U.S. city. Despite the higher cost of living, this metro area offers a deep talent pool and typically higher total compensation when including equity and bonuses.