Loan Officer Salary in Fresno, CA
How much does a loan officer make in Fresno? Explore median, entry-level, and senior salaries adjusted for Fresno's cost of living.
Salary Breakdown by Experience Level
See how loan officer salaries break down across different pay periods in Fresno.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $71,654 | $121,811 | $171,969 |
| Monthly | $5,971 | $10,151 | $14,331 |
| Biweekly | $2,756 | $4,685 | $6,614 |
| Weekly | $1,378 | $2,343 | $3,307 |
| Hourly | $34 | $59 | $83 |
Fresno vs National Average
How Fresno's loan officer salaries compare to national figures.
Cost of Living in Fresno
About Loan Officer
Overview
Evaluate loan applications and manage lending relationships with clients.
Education
Bachelor's degree in Finance or related field
Key Skills
Growth Rate
Expected job growth: +16% over the next decade
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Financial Tools to Explore
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Loan Officer Salary in Fresno, CA — Complete Guide
Median Salary Overview
The median salary for a loan officer in Fresno, CA is $121,811 per year, adjusted for the local cost of living index of 123. This figure reflects typical earnings for experienced professionals in this role, considering Fresno's unique economic conditions.
Salary Range and Experience Levels
Entry-level loan officer professionals in Fresno can expect to earn around $71,654 annually. As professionals gain experience, salaries typically increase, with senior-level loan officers earning approximately $171,969 per year. This represents a 140% increase from entry to senior level.
Cost of Living Adjustment
Fresno's cost of living index of 123 significantly impacts salary comparisons. As a higher cost-of-living city, salaries in Fresno are adjusted accordingly. This means that while the nominal salary may appear higher or lower than the national average of $77,370, the actual purchasing power must be considered in context.
Housing and Affordability
A significant portion of a loan officer's salary in Fresno typically goes toward housing. With a 1-bedroom apartment averaging $1,700 per month, housing represents about 16.7% of median salary. Financial experts generally recommend keeping housing expenses below 30% of gross income.
Career Growth and Opportunities
Loan Officers are in growing demand across the United States, with an expected job growth of 16% over the next decade. In Fresno, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.