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Loan Officers Salary in Montgomery, AL

BLS Official DataUpdated 2025-05-31
Median Annual

$63,510

Mean: $84,760

~$49,538 est. take-home

Hourly Rate

$30.53

Based on 2,080 hrs/yr

Cost of Living

100

100 = national avg

Take-Home Pay Calculator

Estimate your real monthly budget in Montgomery, AL

$

Tax Breakdown

Federal Income Tax-$4,197
State Income Tax-$1,940
Social Security-$3,938
Medicare-$921
Effective Tax Rate17.3%

Monthly Take-Home

$4,376

Annual Take-Home

$52,514

Monthly Budget in Montgomery

Housing / Rent$1,35031%
Food & Groceries$4009%
Transportation$3508%
Utilities$1804%
Healthcare$2506%
Remaining / Savings$1,84642%
Financial Stress Level
ComfortableGood savings potential
To maintain this lifestyle nationally:$63,510(+0% vs. local median)

Salary Distribution

Where the median falls between the 25th and 75th percentile.

25th %

$47,380

Median

$63,510

75th %

$104,130

Median is in the 28th 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 Montgomery, AL

According to the U.S. Bureau of Labor Statistics, the median annual salary for loan officers in Montgomery, AL is $63,510. This is based on the most recent Occupational Employment and Wage Statistics (OEWS) survey data.

Salaries typically range from $47,380 (25th percentile) to $104,130 (75th percentile), reflecting differences in experience, employer size, and specialization.

The estimated hourly rate is $30.53 per hour, based on a standard 2,080-hour work year.

Frequently Asked Questions

What is the average salary for a loan officers in Montgomery?

The median salary is $63,510 per year. The mean (average) salary is $84,760.

How much does a loan officers make per hour in Montgomery?

The estimated hourly rate is $30.53 per hour.

What is the salary range for loan officers in Montgomery?

Salaries typically range from $47,380 (25th percentile) to $104,130 (75th percentile).