Loan Officer salary in Slidell-Mandeville-Covington, LA
Loan Officers in the Slidell-Mandeville-Covington, LA metro area earn a median of $73,070 a year ($35.13 an hour), based on BLS data for 150 workers.
Pay ranges from $46,130 for the lowest-paid 10% to $144,960 for the top 10%. That is 5% lower than the national median of $76,690. Pay here is 20% higher than the Louisiana statewide median of $61,110. There are 1.5 loan officers per 1,000 jobs here — close to the national average. The average (mean) salary is $84,560, above the median because a few high earners pull it up.
Pay range for loan officers in Slidell-Mandeville-Covington, LA
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $46,130 | $22.18 |
| 25th percentile | $55,570 | $26.72 |
| Median | $73,070 | $35.13 |
| 75th percentile | $100,280 | $48.21 |
| 90th percentile (top earners) | $144,960 | $69.69 |
| Average (mean) | $84,560 | $40.66 |
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 | $6,089.17 |
| Semi-monthly (24 a year) | $3,044.58 |
| Biweekly (26 a year) | $2,810.38 |
| Weekly | $1,405.19 |
| Hourly | $35.13 |
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 |
|---|---|---|
| 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 |
| Monroe, LA | $59,150 | 190 |
| 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 Slidell-Mandeville-Covington, LA
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $72,490 | $34.85 |
| Financial Specialists, All Other | $65,170 | $31.33 |
| Personal Financial Advisor | $74,850 | $35.99 |
| Financial and Investment Analysts | $73,340 | $35.26 |
| Insurance Underwriter | $76,540 | $36.80 |
| Business Operations Specialists, All Other | $63,360 | $30.46 |
| Project Management Specialist | $97,030 | $46.65 |
| Human Resources Specialist | $64,990 | $31.25 |
| Management Analyst | $104,660 | $50.32 |
| Buyers and Purchasing Agents | $66,540 | $31.99 |
| Claims Adjusters, Examiners, and Investigators | $58,890 | $28.31 |
| Cost Estimator | $72,480 | $34.85 |
| Compliance Officer | $74,320 | $35.73 |
| Training and Development Specialists | $58,760 | $28.25 |
More: Business and Financial Operations Occupations · all salaries in Slidell-Mandeville-Covington, 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 Slidell-Mandeville-Covington, LA?
The median salary for loan officers in the Slidell-Mandeville-Covington, LA metro area is $73,070 a year, or $35.13 an hour. Pay ranges from $46,130 for the lowest-paid 10% to $144,960 for the top 10%.
How much do the highest-paid loan officers make in Slidell-Mandeville-Covington, LA?
The top 10% of loan officers in the Slidell-Mandeville-Covington, LA metro area earn at least $144,960 a year. The top 25% earn $100,280 or more.
What is the starting pay for loan officers in Slidell-Mandeville-Covington, LA?
Entry-level pay (the 10th percentile) is about $46,130 a year, and a quarter of loan officers earn $55,570 or less.
How many loan officers work in Slidell-Mandeville-Covington, LA?
About 150 loan officers are employed in the Slidell-Mandeville-Covington, LA metro area, not counting the self-employed.