Loan Officer salary in Kentucky
Loan Officers in Kentucky earn a median of $62,090 a year ($29.85 an hour), based on BLS data for 3,940 workers.
Pay ranges from $41,620 for the lowest-paid 10% to $124,520 for the top 10%. That is 19% lower than the national median of $76,690. Kentucky ranks 47th of 51 states for loan officers pay. There are 2.0 loan officers per 1,000 jobs here — close to the national average. The average (mean) salary is $74,870, above the median because a few high earners pull it up.
Pay range for loan officers in Kentucky
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $41,620 | $20.01 |
| 25th percentile | $47,860 | $23.01 |
| Median | $62,090 | $29.85 |
| 75th percentile | $92,990 | $44.71 |
| 90th percentile (top earners) | $124,520 | $59.87 |
| Average (mean) | $74,870 | $36.00 |
Half of loan officers earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $5,174.17 |
| Semi-monthly (24 a year) | $2,587.08 |
| Biweekly (26 a year) | $2,388.08 |
| Weekly | $1,194.04 |
| Hourly | $29.85 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Loan Officer salary in cities in Kentucky
| Metro area | Median salary | Workers |
|---|---|---|
| Cincinnati, OH-KY-IN | $75,300 | 2,060 |
| Bowling Green, KY | $71,020 | 170 |
| Louisville/Jefferson County, KY-IN | $64,460 | 1,120 |
| Elizabethtown, KY | $64,090 | 130 |
| Lexington-Fayette, KY | $63,760 | 420 |
| Clarksville, TN-KY | $60,270 | 210 |
| Paducah, KY-IL | $60,080 | 90 |
| Owensboro, KY | $58,730 | 200 |
| Huntington-Ashland, WV-KY-OH | $57,000 | 210 |
Highest-paying states for loan officers
| State | Median salary |
|---|---|
| Massachusetts | $101,600 |
| Connecticut | $95,730 |
| New York | $95,710 |
| Minnesota | $95,170 |
| Colorado | $94,520 |
| Oregon | $94,440 |
| New Jersey | $92,920 |
| District of Columbia | $92,890 |
| Vermont | $88,710 |
| Kansas | $86,970 |
Related jobs in Kentucky
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $75,270 | $36.19 |
| Financial and Investment Analysts | $81,660 | $39.26 |
| Personal Financial Advisor | $67,150 | $32.29 |
| Tax Examiners and Collectors, and Revenue Agents | $57,240 | $27.52 |
| Tax Preparer | $36,620 | $17.60 |
| Insurance Underwriter | $79,830 | $38.38 |
| Financial Specialists, All Other | $65,690 | $31.58 |
| Financial Examiner | $76,260 | $36.66 |
| Budget Analyst | $76,860 | $36.95 |
| Financial Risk Specialist | $74,640 | $35.89 |
| Credit Analyst | $79,290 | $38.12 |
| Credit Counselor | $48,150 | $23.15 |
| Property Appraisers and Assessors | $58,850 | $28.29 |
| Human Resources Specialist | $69,010 | $33.18 |
More: Business and Financial Operations Occupations · all salaries in Kentucky
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 13-2072. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a loan officer make in Kentucky?
The median salary for loan officers in Kentucky is $62,090 a year, or $29.85 an hour. Pay ranges from $41,620 for the lowest-paid 10% to $124,520 for the top 10%.
How much do the highest-paid loan officers make in Kentucky?
The top 10% of loan officers in Kentucky earn at least $124,520 a year. The top 25% earn $92,990 or more.
What is the starting pay for loan officers in Kentucky?
Entry-level pay (the 10th percentile) is about $41,620 a year, and a quarter of loan officers earn $47,860 or less.
How many loan officers work in Kentucky?
About 3,940 loan officers are employed in Kentucky, not counting the self-employed.