Loan Officer Salary in Phoenix, AZ
2024 BLS OEWS Data · Finance · COL Index: 100.7
$53,700
Median Salary
$65,830
Mean Salary
$53,327
COL-Adjusted
9,840
Employment
Salary Distribution
Percentile Breakdown
| Percentile | Salary | COL-Adjusted |
|---|---|---|
| 10th Percentile (Entry Level) | $29,990 | $29,782 |
| 25th Percentile | $46,450 | $46,127 |
| 50th Percentile (Median) | $53,700 | $53,327 |
| 75th Percentile | $79,620 | $79,067 |
| 90th Percentile (Top Earners) | $108,630 | $107,875 |
What Drives the Range
The $78,640 spread between the 10th and 90th percentiles for Loan Officer positions in Phoenix, AZ 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.
Phoenix, AZ's cost-of-living index of 100.7 means that a $53,700 median salary here has the same purchasing power as $53,327 in an average-cost U.S. city. The relatively moderate cost of living makes this a competitive market for purchasing power.