Loan Officers pay range in Waco
New workers and the lowest-paid 10% earn about $42,750 a year or less, while the top 10% make $139,550 or more. The middle half of loan officers in Waco earn between $53,050 and $98,540.
- $43K10th
- $53K25th
- $68KMedian
- $99K75th
- $140K90th
median average · bar = middle 50% of workers
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $83,600 | $6,967 | $40.19 |
| Median | $68,210 | $5,684 | $32.79 |
| Entry level (25th percentile) | $53,050 | $4,421 | $25.50 |
| Experienced (75th percentile) | $98,540 | $8,212 | $47.38 |
*Hourly figures assume 2,080 paid hours a year.
Loan Officers salary after taxes in Waco
On the average salary of $83,600, a single filer in Waco takes home about $67,643 a year, or $5,637 a month and $2,602 every two weeks. Taxes take 19% of gross pay.
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and no state income tax.
Is Waco a good place for loan officers? Pay vs. cost of living
Prices in the Waco area are 7% below the U.S. average (BEA price parity 92.5), so the average $83,600 buys what about $90,330 would buy in a typical U.S. metro. This job pays 1.5 times the median wage of all jobs in Waco ($46,020). A typical home costs $256,772, or 3.1 years of this average salary before tax.
Loan Officers salary in other Texas cities
Waco ranks 6th 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 Waco: questions
How much do loan officers make an hour in Waco?
$40.19 an hour on average, and $32.79 at the median (BLS, May 2025).
What is the entry-level loan officers salary in Waco?
The lowest-paid 10% earn about $42,750 a year and the 25th percentile is $53,050, a fair guide to starting pay.
What is the loan officers take-home pay in Waco?
About $67,643 a year ($5,637 a month) for a single filer on the average salary of $83,600. Texas has no state income tax.
Do loan officers earn more in Waco than elsewhere?
The average here is 6% 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 Waco, TX (47380). Relative standard error of the mean wage: 5.6%.
- 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 0.51, this job is less common than in the U.S. overall (location quotient 0.51).
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