LocalSalaryHub Salary Report
Loan Officers in Florence, AL · Generated June 2, 2026
Loan Officers Salary in Florence, AL — Take-Home Pay Calculator
$63,870
Mean: $81,550
~$49,819 est. take-home
$30.71
Based on 2,080 hrs/yr
100
100 = national avg
Take-Home Pay Calculator
Estimate your real monthly budget in Florence, AL
Tax Breakdown
Monthly Take-Home
$4,399
Annual Take-Home
$52,789
Monthly Budget in Florence
Salary Distribution
Where the median falls between the 25th and 75th percentile.
25th %
$47,240
Median
$63,870
75th %
$98,080
Median is in the 33th percentile of the typical range
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Loan Officers in other AL cities
Compare the same occupation across cities in AL.
About Loan Officers salaries in Florence, AL
According to the U.S. Bureau of Labor Statistics, the median annual salary for loan officers in Florence, AL is $63,870. This is based on the most recent Occupational Employment and Wage Statistics (OEWS) survey data.
Salaries typically range from $47,240 (25th percentile) to $98,080 (75th percentile), reflecting differences in experience, employer size, and specialization.
The estimated hourly rate is $30.71 per hour, based on a standard 2,080-hour work year.
Career Outlook
Loan officer employment is projected to grow 4% through 2034. Interest rate fluctuations, commercial lending demand, and the expansion of fintech lending platforms create variable but steady opportunities in this field.
💡 Key insight: Commercial loan officers typically earn significantly more than consumer loan officers through commission-based compensation structures.
Frequently Asked Questions
What is the average salary for a loan officers in Florence?▾
The median salary is $63,870 per year. The mean (average) salary is $81,550.
How much does a loan officers make per hour in Florence?▾
The estimated hourly rate is $30.71 per hour.
What is the salary range for loan officers in Florence?▾
Salaries typically range from $47,240 (25th percentile) to $98,080 (75th percentile).
Salary Conversion Table
How does $63,870 per year break down across different time periods?
| Period | Gross | Est. Take-Home |
|---|---|---|
| Yearly | $63,870 | $49,819 |
| Monthly | $5,323 | $4,152 |
| Biweekly | $2,457 | $1,916 |
| Weekly | $1,228 | $958 |
| Hourly (40h/wk) | $30.71 | $23.95 |
| Hourly (35h/wk) | $35.09 | $27.37 |
| Hourly (30h/wk) | $40.94 | $31.94 |
| Daily (8h) | $246 | $192 |
Take-home estimates use an effective tax rate of 22%. Actual amounts vary by filing status, deductions, and state tax.
Loan Officers: Highest-Paying Cities in the U.S.
Top 10 cities nationwide for loan officers, based on BLS median salary data.