SOC 13-2072 · Waco, TX metro

Loan Officers Salary in Waco, TX

The average salary for loan officers in Waco, Texas is $83,600 a year ($40.19 an hour), according to BLS estimates for May 2025. The median is $68,210: half of the 120 people in this job in the Waco, TX metro area earn more than that, half earn less. That average is 6% less than the U.S. metro average for this job ($88,726).

$83,600average per year

$40.19 / hourMedian $68,210Take-home ≈ $67,643

  • $43K10th
  • $53K25th
  • $68KMedian
  • $99K75th
  • $140K90th

median average · bar = middle 50% of workers

120people in this job
-6%vs U.S. metro average
#6 of 24Texas metros
93cost of living (U.S. = 100)
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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 levelPer yearPer monthPer 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.

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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.

See what $83,600 is worth in another city

Loan Officers salary in other Texas cities

Waco ranks 6th of 24 Texas metro areas for this job; Victoria pays the most ($92,270).

All Loan Officers salaries in Texas

Highest-paying cities for loan officers

Elmira, NY pays this job the most of the metro areas we cover ($129,370).

Loan Officers salary by city

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Reviewed before it counts. Loan Officers in Waco, TX.

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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