Loan Officers pay range in Sherman
New workers and the lowest-paid 10% earn about $37,010 a year or less, while the top 10% make $166,820 or more. The middle half of loan officers in Sherman earn between $50,320 and $104,990.
- $37K10th
- $50K25th
- $70KMedian
- $105K75th
- $167K90th
median average · bar = middle 50% of workers
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $89,410 | $7,451 | $42.99 |
| Median | $69,900 | $5,825 | $33.61 |
| Entry level (25th percentile) | $50,320 | $4,193 | $24.19 |
| Experienced (75th percentile) | $104,990 | $8,749 | $50.48 |
*Hourly figures assume 2,080 paid hours a year.
Loan Officers salary after taxes in Sherman
On the average salary of $89,410, a single filer in Sherman takes home about $71,730 a year, or $5,977 a month and $2,759 every two weeks. Taxes take 20% of gross pay.
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and no state income tax.
Is Sherman a good place for loan officers? Pay vs. cost of living
Prices in the Sherman area are 6% below the U.S. average (BEA price parity 93.8), so the average $89,410 buys what about $95,349 would buy in a typical U.S. metro. This job pays 1.6 times the median wage of all jobs in Sherman ($44,610). A typical home costs $291,269, or 3.3 years of this average salary before tax.
Loan Officers salary in other Texas cities
Sherman ranks 3rd of 24 Texas metro areas for this job; Victoria pays the most ($92,270).
- Victoria$92,270
- College Station$92,150
- Sherman$89,410
- Midland$87,100
- Houston$84,830
- Waco$83,600
- Brownsville$82,070
- Lubbock$81,930
- Dallas$80,100
- Tyler$79,560
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 Sherman: questions
How much do loan officers make an hour in Sherman?
$42.98 an hour on average, and $33.61 at the median (BLS, May 2025).
What is the entry-level loan officers salary in Sherman?
The lowest-paid 10% earn about $37,010 a year and the 25th percentile is $50,320, a fair guide to starting pay.
What is the loan officers take-home pay in Sherman?
About $71,730 a year ($5,977 a month) for a single filer on the average salary of $89,410. Texas has no state income tax.
Do loan officers earn more in Sherman than elsewhere?
The average here is about the same as 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 Sherman-Denison, TX (43300). Relative standard error of the mean wage: 8.1%.
- 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 no state income tax.
- Job concentration: location quotient 0.53, this job is less common than in the U.S. overall (location quotient 0.53).
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