Loan Officers pay range in Florence
New workers and the lowest-paid 10% earn about $44,720 a year or less, while the top 10% make $159,650 or more. The middle half of loan officers in Florence earn between $47,240 and $98,080.
- $45K10th
- $47K25th
- $64KMedian
- $98K75th
- $160K90th
median average · bar = middle 50% of workers
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $81,550 | $6,796 | $39.21 |
| Median | $63,870 | $5,322 | $30.71 |
| Entry level (25th percentile) | $47,240 | $3,937 | $22.71 |
| Experienced (75th percentile) | $98,080 | $8,173 | $47.15 |
*Hourly figures assume 2,080 paid hours a year.
Loan Officers salary after taxes in Florence
On the average salary of $81,550, a single filer in Florence takes home about $62,818 a year, or $5,235 a month and $2,416 every two weeks. Taxes take 23% of gross pay.
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2026 rules). City occupational taxes (for example in Birmingham and Gadsden) are not included.
Is Florence a good place for loan officers? Pay vs. cost of living
Prices in the Florence area are 15% below the U.S. average (BEA price parity 84.8), so the average $81,550 buys what about $96,148 would buy in a typical U.S. metro. This job pays 1.6 times the median wage of all jobs in Florence ($39,740). A typical home costs $216,659, or 2.7 years of this average salary before tax.
Loan Officers salary in other Alabama cities
Florence ranks 9th of 12 Alabama metro areas for this job; Auburn pays the most ($88,910).
- Auburn$88,910
- Decatur$88,700
- Huntsville$87,610
- Tuscaloosa$86,920
- Birmingham$85,420
- Montgomery$84,760
- Dothan$83,070
- Mobile$82,050
- Florence$81,550
- Daphne$80,320
Highest-paying cities for loan officers
Elmira, NY pays this job the most of the metro areas we cover ($129,370).
- Elmira, NY$129,370
- New York, NY$121,180
- Boston, MA$120,300
- San Francisco, CA$116,480
- Norwich, CT$116,460
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Loan Officers salary in Florence: questions
How much do loan officers make an hour in Florence?
$39.21 an hour on average, and $30.71 at the median (BLS, May 2025).
What is the entry-level loan officers salary in Florence?
The lowest-paid 10% earn about $44,720 a year and the 25th percentile is $47,240, a fair guide to starting pay.
What is the loan officers take-home pay in Florence?
About $62,818 a year ($5,235 a month) for a single filer on the average salary of $81,550. City occupational taxes (for example in Birmingham and Gadsden) are not included.
Do loan officers earn more in Florence than elsewhere?
The average here is 8% less than the U.S. metro average for this job ($88,726).
Sources and how to read this page
- Wages: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates for metropolitan areas. SOC code 13-2072; area Florence-Muscle Shoals, AL (22520). Relative standard error of the mean wage: 6.1%.
- Cost of living: Bureau of Economic Analysis regional price parities (RPP), 2024; 100 = U.S. average.
- Home value: Zillow Home Value Index. Typical-wage figure: OEWS all occupations, same metro.
- Take-home pay: Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2026 rules). City occupational taxes (for example in Birmingham and Gadsden) are not included.
- Job concentration: location quotient 1.48, this job is 1.5 times as concentrated as in the U.S. overall.
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