Average Loan Officers Salary in Tulsa, OK
Loan Officers in Tulsa, Oklahoma, command an impressive average annual salary of $86,980, marginally exceeding the national average of $86,220. This slight premium is often influenced by the specific economic drivers and demand within the Tulsa metropolitan area, reflecting a localized value for these financial professionals.
Executive Summary
- Average Salary: $86,980 per year.
- Growth Trend: Salaries have shifted 7.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $170,890.
- Outlook: With a total local workforce of 990 Loan Officers, Tulsa presents a stable employment landscape for this profession. The Location Quotient of 1.16 indicates a slightly higher concentration of Loan Officers in Tulsa compared to the national average, suggesting a consistent and potentially growing demand for their services within the region.
Salary Overview
The average Loan Officers in Tulsa, OK earns+0.9%above the national average.
$41.8
$1,673
$7,248
Loan Officers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Loan Officer salaries in Tulsa have experienced steady growth over the past four years, mirroring national trends. Factors such as evolving mortgage regulations, interest rate fluctuations, and regional economic development likely contribute to this upward salary trajectory.
Loan Officers Salary Distribution in Tulsa, OK
The career path for Loan Officers typically involves significant salary progression based on experience. Entry-level positions may start at a lower percentile, but as professionals gain expertise, manage larger portfolios, and develop specialized skills, their earning potential increases substantially, with senior Loan Officers often reaching the highest salary percentiles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,090 | $17.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $65,235 | $31.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $65,860 | $31.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $108,725 | $52.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $170,890 | $82.2 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$86,980
Gross Pay
Real Wage (Purchasing Power)
$86,980
Adjusted for COL (100)
A nominal salary of $86,980 in Tulsa, OK, offers excellent purchasing power. With a Cost of Living Index of 100, which is precisely the national average, this salary allows residents to maintain a lifestyle equivalent to the typical American standard without facing additional financial pressures related to higher living expenses.
Job Market Context
990
Total Jobs
2.178
Per 1K Jobs
1.16
Location Quotient
With a location quotient of 1.16, Tulsa, OK has a slightly higher-than-average concentration of Loan Officers roles compared to the national norm.
The Location Quotient of 1.16 for Loan Officers in Tulsa signifies a market where this profession is slightly more prevalent than the national average. This suggests a healthy, competitive environment with ample opportunities for skilled individuals, indicating that employers are actively seeking and valuing the expertise of Loan Officers in the area.
Nearby Job Markets
Nearby Cities for Loan Officers
| City | Salary | Dist. |
|---|---|---|
| Southeast Oklahoma nonmetropolitan area Loan Officers Salary | $79,700↓ 8% | 69 mi |
| Northeast Oklahoma nonmetropolitan area Loan Officers Salary | $78,870↓ 9% | 69 mi |
| Southwest Oklahoma nonmetropolitan area Loan Officers Salary | $91,400↑ 5% | 69 mi |
| Northwest Oklahoma nonmetropolitan area Loan Officers Salary | $79,040↓ 9% | 69 mi |
| Fayetteville-Springdale-Rogers, AR Loan Officers Salary | $95,240↑ 9% | 97 mi |
Comparing salaries near Tulsa, OK
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Tulsa, OK?
The median annual salary for a Loan Officers in Tulsa, OK is $86,980. This typically ranges from $37,090 for entry-level positions to $170,890 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Tulsa, OK is 0.9% higher than the national median of $86,220.
Is Tulsa, OK a lucrative place for Loan Officers?
Yes, Tulsa, OK is a lucrative place for Loan Officers.Loan Officers in Tulsa earn slightly above the national average salary, and with a cost of living at the national average, their earnings provide strong purchasing power.
Is Tulsa, OK a good place to live for Loan Officers?
The Cost of Living Index in Tulsa, OK is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Tulsa, OK?
Some top paying nearby cities include Southeast Oklahoma nonmetropolitan area ($79,700) and Northeast Oklahoma nonmetropolitan area.
How does Tulsa's Loan Officer salary compare to the national average?
The average annual salary for Loan Officers in Tulsa, OK is $86,980, which is slightly higher than the national average of $86,220.
What is the Cost of Living in Tulsa, OK for Loan Officers?
Tulsa, OK has a Cost of Living Index of 100, which is exactly the national average, meaning the cost of goods and services is comparable to the rest of the country.
Is there high demand for Loan Officers in Tulsa?
With a Location Quotient of 1.16, there is a slightly higher concentration of Loan Officers in Tulsa than the national average, indicating a robust and potentially growing demand for these professionals.
How many Loan Officers are there in Tulsa, OK?
There are approximately 990 Loan Officers working in Tulsa, OK, contributing to a stable job market for this role.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 990 employees in the Tulsa, OK area with a job density of 2.178 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Loan Officers • Data source: BLS OEWS 2024 •Jobs in Tulsa, OK