Evaluate and approve loan applications for individuals and businesses. Median salary in Birmingham: $69K/year. Data from BLS, O*NET, and H-1B disclosures.
Figures represent annual base salary in Birmingham, Alabama. Reviewed by SalaryOptics Editorial · How we calculate this →
Analysis derived from the salary, COL, tax, and labor-market figures above — specific to this role and city.
Loan Officers in Birmingham earn approximately 8% lower than the US national median for this role — a $6,000 discount on annual base salary. Birmingham's lower wage level partially reflects the area's cost-of-living index of 82 (US avg = 100).
Adjusted for Birmingham's cost-of-living index (82), the median Loan Officer salary buys the equivalent of $84,146 in a US-average-cost city. That's $9,146 more purchasing power than the national median — a meaningful real-wage advantage.
Average 1-bedroom rent in Birmingham ($1,050/mo) consumes approximately 28% of an after-tax median Loan Officer salary. Financial planners typically recommend keeping housing under 30% of take-home — a salary at the 75th percentile ($99K) brings that ratio into a more comfortable range here.
Based on BLS 2022–2032 Employment Projections and WEF Future of Jobs Report 2026. At current growth rates, median salary reaches $69K by 2030.
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The median Loan Officer salary in Birmingham, AL is $69,000 per year as of Q1 2026. This figure represents the midpoint of all reported compensation for this role in the Birmingham–AL metropolitan area, based on data from the Bureau of Labor Statistics Occupational Employment Statistics, H-1B visa disclosures from the Department of Labor, and O*NET occupational data.
Entry-level Loan Officers in Birmingham with 0–2 years of experience typically earn between $48,000 and $69,000 annually. Mid-career professionals with 3–7 years command $69,000 to $99,000, while senior-level practitioners with 8+ years of experience regularly earn $99,000 to $143,000 or more.
Birmingham has a cost of living index of 82 compared to the US national average of 100. This means your salary goes approximately 18% further in Birmingham than the national average. Alabama has a 5% state income tax rate.
Bachelor's in Finance; NMLS license for mortgage. 35% of these roles offer some remote flexibility.