Loan Officer salary in Monroe, LA
Loan Officers in the Monroe, LA metro area earn a median of $59,150 a year ($28.44 an hour), based on BLS data for 190 workers.
Pay ranges from $28,280 for the lowest-paid 10% to $96,940 for the top 10%. That is 23% lower than the national median of $76,690. Pay here is 3% lower than the Louisiana statewide median of $61,110. There are 2.2 loan officers per 1,000 jobs here — the job is 1.3× more common than nationally. The average (mean) salary is $64,870, above the median because a few high earners pull it up.
Pay range for loan officers in Monroe, LA
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $28,280 | $13.60 |
| 25th percentile | $45,810 | $22.03 |
| Median | $59,150 | $28.44 |
| 75th percentile | $76,080 | $36.58 |
| 90th percentile (top earners) | $96,940 | $46.61 |
| Average (mean) | $64,870 | $31.19 |
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 | $4,929.17 |
| Semi-monthly (24 a year) | $2,464.58 |
| Biweekly (26 a year) | $2,275 |
| Weekly | $1,137.50 |
| Hourly | $28.44 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Loan Officer salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| Slidell-Mandeville-Covington, LA | $73,070 | 150 |
| Houma-Bayou Cane-Thibodaux, LA | $62,530 | 110 |
| New Orleans-Metairie, LA | $62,240 | 470 |
| Hammond, LA | $61,180 | 80 |
| Alexandria, LA | $60,150 | 110 |
| Baton Rouge, LA | $59,080 | 570 |
| Lafayette, LA | $58,960 | 340 |
| Lake Charles, LA | $56,550 | 130 |
| Shreveport-Bossier City, LA | $52,730 | 220 |
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 |
See Loan Officer pay in every state or the Louisiana statewide figures.
Related jobs in Monroe, LA
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $73,840 | $35.50 |
| Financial Specialists, All Other | $53,930 | $25.93 |
| Financial and Investment Analysts | $75,760 | $36.42 |
| Financial Risk Specialist | $62,850 | $30.22 |
| Business Operations Specialists, All Other | $58,780 | $28.26 |
| Project Management Specialist | $78,990 | $37.97 |
| Human Resources Specialist | $54,610 | $26.25 |
| Market Research Analysts and Marketing Specialists | $51,740 | $24.88 |
| Management Analyst | $73,620 | $35.39 |
| Compliance Officer | $59,530 | $28.62 |
| Cost Estimator | $68,030 | $32.71 |
| Training and Development Specialists | $51,100 | $24.57 |
| Buyers and Purchasing Agents | $57,770 | $27.77 |
| Claims Adjusters, Examiners, and Investigators | $61,110 | $29.38 |
More: Business and Financial Operations Occupations · all salaries in Monroe, LA
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 Monroe, LA?
The median salary for loan officers in the Monroe, LA metro area is $59,150 a year, or $28.44 an hour. Pay ranges from $28,280 for the lowest-paid 10% to $96,940 for the top 10%.
How much do the highest-paid loan officers make in Monroe, LA?
The top 10% of loan officers in the Monroe, LA metro area earn at least $96,940 a year. The top 25% earn $76,080 or more.
What is the starting pay for loan officers in Monroe, LA?
Entry-level pay (the 10th percentile) is about $28,280 a year, and a quarter of loan officers earn $45,810 or less.
How many loan officers work in Monroe, LA?
About 190 loan officers are employed in the Monroe, LA metro area, not counting the self-employed.