Loan officer salary
BLS occupation: Loan Officers · Business and finance · data for May 2025
Median salary $76,690 a year, US
Median hourly pay $36.87 an hour
Middle half earn $52,730–$104,080 25th to 75th percentile
Loan officers employed 274,330 +1.1% projected by 2035
How much does a loan officer make?
- The median loan officer salary in the US is $76,690 a year ($36.87 an hour): half of the 274,330 loan officers BLS counts earn more and half earn less. The average (mean) is $87,790.
- The middle half earn between $52,730 and $104,080. The lowest-paid 10% earn less than $39,430 and the top 10% more than $153,180.
- That is 50% more than the median for all US workers ($50,980).
- Massachusetts pays loan officers the most (median $101,600), followed by Connecticut ($95,730) and New York ($95,710). West Virginia pays the least ($57,580).
- After adjusting for prices, the pay goes furthest in Kansas, where the median is worth $96,560 in typical US prices, then Minnesota and Massachusetts. Massachusetts's higher pay is offset by its prices (105.8 vs a US average of 100).
- In 261 of the 374 metro areas with data, the median loan officer salary is enough to rent a typical home without spending more than 30% of income on rent.
- BLS projects the number of loan officers to grow 1.1% from 2025 to 2035 (all jobs: 3.5%), with about 17,100 openings a year. The typical entry education is a bachelor's degree.
official From BLS's survey of employers: what loan officers are actually paid, not job ads or self-reports. Adjusted figures are derived. How we calculate.
How does your pay compare?
Loan officer salary range
Half of loan officers earn between $52,730 and $104,080 a year
Yearly pay at each point of the range, US, May 2025. For comparison, the median for all US jobs is $50,980.
Lowest 10% earn under Yearly pay: $39,430
Lowest 25% earn under Yearly pay: $52,730
Median Yearly pay: $76,690
Top 25% earn over Yearly pay: $104,080
Top 10% earn over Yearly pay: $153,180
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025.
Show the numbers
| Yearly pay | |
|---|---|
| Lowest 10% earn under | $39,430 |
| Lowest 25% earn under | $52,730 |
| Median | $76,690 |
| Top 25% earn over | $104,080 |
| Top 10% earn over | $153,180 |
Loan officer salary by state
Massachusetts pays loan officers the most; West Virginia the least
Median yearly pay by state compared with the US median ($76,690), May 2025. Blue = higher pay.
- 20%+ below US
- 10–20% below
- 3–10% below
- Within 3%
- 3–10% above
- 10–20% above
- 20%+ above US
Source: U.S. Bureau of Labor Statistics, OEWS May 2025.
Show the numbers
| State | Median pay |
|---|---|
| Massachusetts | $101,600 median |
| Connecticut | $95,730 median |
| New York | $95,710 median |
| Minnesota | $95,170 median |
| Colorado | $94,520 median |
| Oregon | $94,440 median |
| New Jersey | $92,920 median |
| District of Columbia | $92,890 median |
| Vermont | $88,710 median |
| Kansas | $86,970 median |
| North Dakota | $84,650 median |
| Iowa | $83,670 median |
| Delaware | $83,130 median |
| Maine | $81,900 median |
| California | $81,770 median |
| New Hampshire | $80,660 median |
| Washington | $80,120 median |
| South Dakota | $79,920 median |
| Nebraska | $79,840 median |
| Wyoming | $79,620 median |
| Illinois | $79,150 median |
| Virginia | $78,320 median |
| Wisconsin | $78,290 median |
| Rhode Island | $77,250 median |
| Ohio | $76,370 median |
| North Carolina | $75,920 median |
| Michigan | $74,470 median |
| Missouri | $73,660 median |
| Maryland | $73,580 median |
| Oklahoma | $72,990 median |
| Indiana | $72,960 median |
| Alaska | $72,800 median |
| Montana | $71,570 median |
| Florida | $71,090 median |
| Idaho | $71,070 median |
| Arkansas | $70,260 median |
| Pennsylvania | $69,300 median |
| Georgia | $68,490 median |
| Alabama | $66,710 median |
| Texas | $66,370 median |
| Nevada | $64,500 median |
| Hawaii | $63,740 median |
| South Carolina | $63,220 median |
| Tennessee | $62,800 median |
| New Mexico | $62,610 median |
| Arizona | $62,160 median |
| Kentucky | $62,090 median |
| Louisiana | $61,110 median |
| Mississippi | $60,260 median |
| Utah | $59,440 median |
| West Virginia | $57,580 median |
Where loan officer pay goes furthest
A salary buys more where prices are low. We divide each state's median by its price level from the Bureau of Economic Analysis, so every figure is in typical US prices. derived
Loan officers' pay goes furthest in Kansas once prices are counted
Median pay ÷ the state's price level (BEA, 2024; US = 100), shown in typical US prices. Top 10 states.
US median
Source: BLS OEWS May 2025; BEA Regional Price Parities 2024. Our calculation.
Show the numbers
| Worth, in US prices | |
|---|---|
| Kansas | $96,560 |
| Minnesota | $96,501 |
| Massachusetts | $96,069 |
| Iowa | $95,337 |
| North Dakota | $95,156 |
| Connecticut | $92,395 |
| Colorado | $91,721 |
| Oregon | $91,369 |
| Vermont | $90,559 |
| South Dakota | $90,217 |
Loan officer pay in every state
| State | Median a year | Hourly | Lowest 10% | Top 10% | Employed | After cost of living |
|---|---|---|---|---|---|---|
| Massachusetts | $101,600 | $48.85 | $64,680 | $198,220 | 4,470 | $96,069 |
| Connecticut | $95,730 | $46.02 | $50,300 | $171,280 | 2,220 | $92,395 |
| New York | $95,710 | $46.01 | $49,410 | $211,350 | 10,840 | $88,685 |
| Minnesota | $95,170 | $45.75 | $57,670 | $163,350 | 6,430 | $96,501 |
| Colorado | $94,520 | $45.44 | $39,430 | $165,370 | 3,230 | $91,721 |
| Oregon | $94,440 | $45.40 | $48,240 | $161,250 | 4,220 | $91,369 |
| New Jersey | $92,920 | $44.67 | $50,490 | $169,280 | 6,200 | $85,400 |
| District of Columbia | $92,890 | $44.66 | $45,860 | $157,630 | 370 | $84,522 |
| Vermont | $88,710 | $42.65 | $56,820 | $168,070 | 350 | $90,559 |
| Kansas | $86,970 | $41.81 | $48,560 | $160,560 | 3,540 | $96,560 |
| North Dakota | $84,650 | $40.70 | $58,010 | $146,640 | 1,370 | $95,156 |
| Iowa | $83,670 | $40.23 | $51,690 | $138,150 | 2,840 | $95,337 |
| Delaware | $83,130 | $39.97 | $45,670 | $148,210 | 1,420 | $83,290 |
| Maine | $81,900 | $39.38 | $46,710 | $140,680 | 1,060 | $84,389 |
| California | $81,770 | $39.31 | $37,460 | $169,040 | 25,790 | $73,853 |
| New Hampshire | $80,660 | $38.78 | $47,970 | $160,580 | 1,120 | $77,435 |
| Washington | $80,120 | $38.52 | $39,000 | $162,240 | 6,040 | $74,869 |
| South Dakota | $79,920 | $38.42 | $58,480 | $125,080 | 1,820 | $90,217 |
| Nebraska | $79,840 | $38.38 | $49,360 | $136,640 | 2,710 | $88,610 |
| Wyoming | $79,620 | $38.28 | $47,410 | $132,810 | 740 | $85,898 |
| Illinois | $79,150 | $38.05 | $43,020 | $137,080 | 10,890 | $79,183 |
| Virginia | $78,320 | $37.65 | $40,190 | $157,070 | 8,790 | $77,465 |
| Wisconsin | $78,290 | $37.64 | $50,010 | $140,140 | 4,940 | $83,203 |
| Rhode Island | $77,250 | $37.14 | $50,420 | $134,950 | 1,290 | $75,528 |
| Ohio | $76,370 | $36.72 | $38,200 | $131,980 | 9,880 | $82,318 |
| North Carolina | $75,920 | $36.50 | $43,270 | $130,480 | 10,700 | $80,487 |
| Michigan | $74,470 | $35.80 | $36,830 | $135,700 | 11,340 | $77,398 |
| Missouri | $73,660 | $35.41 | $38,910 | $136,130 | 7,050 | $81,108 |
| Maryland | $73,580 | $35.38 | $37,470 | $159,860 | 3,850 | $70,104 |
| Oklahoma | $72,990 | $35.09 | $36,510 | $158,710 | 4,100 | $83,091 |
| Indiana | $72,960 | $35.08 | $43,870 | $129,740 | 4,790 | $78,175 |
| Alaska | $72,800 | $35.00 | $26,730 | $123,570 | 490 | $71,122 |
| Montana | $71,570 | $34.41 | $48,130 | $123,130 | 1,180 | $75,619 |
| Florida | $71,090 | $34.18 | $33,180 | $133,070 | 18,830 | $68,743 |
| Idaho | $71,070 | $34.17 | $43,160 | $156,410 | 2,030 | $74,424 |
| Arkansas | $70,260 | $33.78 | $39,210 | $136,500 | 2,610 | $80,817 |
| Pennsylvania | $69,300 | $33.32 | $39,990 | $132,900 | 8,140 | $71,024 |
| Georgia | $68,490 | $32.93 | $39,490 | $138,800 | 9,540 | $71,127 |
| Alabama | $66,710 | $32.07 | $42,090 | $155,660 | 5,050 | $75,104 |
| Texas | $66,370 | $31.91 | $34,150 | $135,280 | 21,200 | $68,382 |
| Nevada | $64,500 | $31.01 | $29,640 | $163,930 | 2,580 | $64,514 |
| Hawaii | $63,740 | $30.64 | $34,150 | $131,020 | 980 | $57,971 |
| South Carolina | $63,220 | $30.39 | $37,080 | $142,260 | 4,140 | $67,435 |
| Tennessee | $62,800 | $30.19 | $38,240 | $113,290 | 6,510 | $68,357 |
| New Mexico | $62,610 | $30.10 | $27,700 | $122,960 | 1,140 | $67,898 |
| Arizona | $62,160 | $29.88 | $35,960 | $133,890 | 10,020 | $61,742 |
| Kentucky | $62,090 | $29.85 | $41,620 | $124,520 | 3,940 | $68,867 |
| Louisiana | $61,110 | $29.38 | $38,100 | $124,420 | 2,810 | $69,280 |
| Mississippi | $60,260 | $28.97 | $37,030 | $131,510 | 3,450 | $69,302 |
| Utah | $59,440 | $28.58 | $37,790 | $128,200 | 3,990 | $60,123 |
| West Virginia | $57,580 | $27.68 | $37,830 | $114,800 | 1,290 | $64,337 |
After cost of living = median ÷ (BEA price level ÷ 100).
Loan officer salary by city
Metro areas where BLS publishes loan officer pay: 378 of 387. Rent share = typical rent (September 2026, Zillow) × 12 ÷ the median salary; under 30% is affordable by the usual rule.
Highest-paying metro areas
- Enid, OK $104,990
- Bridgeport, CT $103,850
- Boston, MA $103,400
- San Francisco, CA $103,000
- Minneapolis, MN $102,200
- New York, NY $101,570
- Des Moines, IA $101,190
- Lawrence, KS $100,480
- Denver, CO $100,130
- Wichita, KS $99,170
Where the pay goes furthest
- Enid, OK $124,589
- Wichita, KS $111,495
- Lawrence, KS $111,344
- Jonesboro, AR $110,578
- Des Moines, IA $110,348
- Rochester, MN $108,026
- Iowa City, IA $107,782
- Topeka, KS $107,329
- Grand Forks, ND $107,105
- Lincoln, NE $106,758
All 378 metro areas
| Metro area | Median a year | Employed | After cost of living | Rent share |
|---|---|---|---|---|
| Enid, OK | $104,990 | 40 | $124,589 | 13% |
| Bridgeport, CT | $103,850 | 560 | $97,180 | 33% |
| Boston, MA | $103,400 | 3,420 | $95,506 | 35% |
| San Francisco, CA | $103,000 | 3,330 | $89,090 | 40% |
| Minneapolis, MN | $102,200 | 3,910 | $97,499 | 20% |
| New York, NY | $101,570 | 10,350 | $90,234 | 42% |
| Des Moines, IA | $101,190 | 650 | $110,348 | 15% |
| Lawrence, KS | $100,480 | 80 | $111,344 | 19% |
| Denver, CO | $100,130 | 1,970 | $94,657 | 23% |
| Wichita, KS | $99,170 | 700 | $111,495 | 15% |
| New Haven, CT | $98,930 | 230 | $94,616 | 25% |
| Iowa City, IA | $98,630 | 120 | $107,782 | 21% |
| Fort Collins, CO | $98,450 | 160 | $97,352 | 24% |
| Rochester, MN | $98,110 | 170 | $108,026 | 19% |
| Washington, DC | $97,800 | 5,000 | $89,820 | 30% |
| Lincoln, NE | $97,770 | 420 | $106,758 | 16% |
| Corvallis, OR | $97,340 | 70 | $93,581 | 22% |
| Lewiston, ME | $96,990 | 100 | $102,379 | 20% |
| Amherst-Northampton, MA | $96,540 | 90 | $96,306 | – |
| Norwich, CT | $96,500 | 70 | $96,072 | 26% |
| Portland, OR | $96,100 | 2,840 | $91,158 | 23% |
| Barnstable, MA | $96,080 | 110 | $97,691 | 32% |
| Salinas, CA | $95,640 | 140 | $87,709 | 35% |
| Waterbury, CT | $95,530 | 130 | $95,743 | – |
| Topeka, KS | $95,330 | 200 | $107,329 | 16% |
| San Jose, CA | $95,090 | 1,140 | $86,114 | 48% |
| Elmira, NY | $95,050 | 40 | $100,691 | 14% |
| Jonesboro, AR | $94,960 | 80 | $110,578 | 16% |
| Pittsfield, MA | $94,920 | 80 | $99,804 | 22% |
| Mankato, MN | $94,850 | 130 | $104,282 | 16% |
| Grants Pass, OR | $94,220 | 50 | $96,379 | 20% |
| Worcester, MA | $94,220 | 320 | $91,901 | 27% |
| Fargo, ND | $93,640 | 390 | $103,047 | 14% |
| Salem, OR | $93,410 | 320 | $90,121 | 21% |
| Grand Forks, ND | $92,820 | 100 | $107,105 | 15% |
| St. Cloud, MN | $92,570 | 300 | $105,635 | 16% |
| Medford, OR | $90,850 | 130 | $89,567 | 24% |
| Trenton, NJ | $90,430 | 330 | $87,643 | 33% |
| Albany, OR | $90,030 | 60 | $88,178 | 22% |
| Springfield, MA | $89,480 | 150 | $93,149 | 26% |
| Manhattan, KS | $87,730 | 130 | $97,303 | 17% |
| Pueblo, CO | $87,110 | 40 | $94,930 | 18% |
| Santa Maria, CA | $86,200 | 180 | $79,229 | 46% |
| Cedar Rapids, IA | $85,990 | 190 | $96,658 | 17% |
| Blacksburg, VA | $85,610 | 90 | $92,342 | 23% |
| Portland, ME | $84,620 | 430 | $83,076 | 33% |
| Ames, IA | $84,470 | 70 | $95,092 | 17% |
| Atlantic City, NJ | $84,260 | 90 | $85,234 | 29% |
| Fayetteville, AR | $84,200 | 500 | $92,170 | 22% |
| Mount Vernon, WA | $84,060 | 80 | $82,055 | 31% |
| Hot Springs, AR | $83,990 | 70 | $97,970 | 18% |
| Glens Falls, NY | $83,810 | 40 | $88,346 | 21% |
| Seattle, WA | $83,720 | 3,110 | $75,333 | 32% |
| Milwaukee, WI | $83,660 | 1,180 | $86,303 | 22% |
| Bismarck, ND | $83,380 | 220 | $91,602 | 19% |
| Hartford, CT | $83,160 | 920 | $80,937 | 29% |
| Vallejo, CA | $83,110 | 170 | $76,614 | 36% |
| Walla Walla, WA | $82,730 | 60 | $83,974 | 21% |
| San Luis Obispo, CA | $82,470 | 100 | $75,942 | 41% |
| Racine, WI | $82,400 | 130 | $85,868 | 21% |
| Wilmington, NC | $82,340 | 520 | $85,395 | 25% |
| Kansas City, MO | $82,330 | 2,180 | $88,964 | 22% |
| Rochester, NY | $82,280 | 470 | $84,794 | 22% |
| Modesto, CA | $82,250 | 190 | $79,004 | 30% |
| Wenatchee, WA | $82,170 | 90 | $79,120 | 26% |
| Columbus, OH | $82,160 | 2,410 | $86,059 | 22% |
| Columbia, MO | $81,850 | 450 | $91,516 | 21% |
| Watertown, NY | $81,850 | 60 | $93,340 | 22% |
| Sioux City, IA | $81,780 | 140 | $94,594 | 19% |
| San Diego, CA | $81,770 | 2,360 | $73,083 | 44% |
| Bend, OR | $81,720 | 220 | $78,875 | 33% |
| Sioux Falls, SD | $81,380 | 690 | $89,793 | 19% |
| Burlington, VT | $80,770 | 160 | $80,011 | 39% |
| Eugene, OR | $80,720 | 360 | $79,474 | 26% |
| Santa Rosa, CA | $80,370 | 290 | $74,566 | 40% |
| Los Angeles, CA | $80,360 | 9,690 | $70,761 | 44% |
| Omaha, NE | $80,300 | 910 | $87,367 | 21% |
| Manchester, NH | $80,260 | 250 | $75,963 | 32% |
| Pocatello, ID | $80,210 | 250 | $90,219 | 16% |
| Wausau, WI | $80,080 | 130 | $86,432 | 14% |
| Napa, CA | $80,070 | 60 | $71,139 | 44% |
| Chicago, IL | $80,040 | 7,380 | $77,262 | 32% |
| Stockton, CA | $79,810 | 210 | $75,945 | 37% |
| Colorado Springs, CO | $79,770 | 380 | $79,210 | 27% |
| Minot, ND | $79,720 | 100 | $91,603 | 19% |
| Albany, NY | $79,710 | 560 | $80,057 | 25% |
| Poughkeepsie-Newburgh, NY | $79,670 | 260 | $72,810 | 34% |
| Greeley, CO | $79,660 | 80 | $79,520 | 25% |
| Appleton, WI | $79,650 | 180 | $86,184 | 18% |
| Coeur d'Alene, ID | $79,260 | 190 | $80,636 | 28% |
| Sacramento, CA | $79,190 | 1,580 | $74,238 | 34% |
| Fond du Lac, WI | $79,180 | 90 | $86,400 | 17% |
| Tulsa, OK | $79,080 | 960 | $88,641 | 21% |
| Champaign, IL | $78,950 | 210 | $85,164 | 21% |
| Longview, WA | $78,940 | 90 | $80,927 | 22% |
| Merced, CA | $78,940 | 90 | $80,326 | 31% |
| Santa Cruz, CA | $78,940 | 70 | $71,832 | 53% |
| Green Bay, WI | $78,920 | 240 | $84,782 | 17% |
| Yakima, WA | $78,850 | 100 | $82,527 | 21% |
| Madison, WI | $78,840 | 650 | $81,039 | 27% |
| Sheboygan, WI | $78,820 | 50 | $83,839 | 20% |
| Flagstaff, AZ | $78,810 | 60 | $78,555 | 32% |
| Riverside, CA | $78,710 | 1,500 | $73,946 | 39% |
| Springfield, IL | $78,600 | 190 | $84,749 | 18% |
| Syracuse, NY | $78,580 | 300 | $82,075 | 25% |
| Vineland, NJ | $78,540 | 50 | $81,840 | 25% |
| Providence, RI | $78,500 | 1,460 | $77,132 | 33% |
| Rapid City, SD | $78,470 | 220 | $88,010 | 22% |
| Homosassa Springs, FL | $78,410 | 30 | $83,891 | 27% |
| El Centro, CA | $78,350 | 60 | $82,323 | 28% |
| Bozeman, MT | $78,270 | 110 | $76,354 | 34% |
| Boulder, CO | $78,250 | 90 | $74,381 | 34% |
| Charlotte, NC | $78,200 | 4,080 | $80,330 | 27% |
| Fresno, CA | $78,060 | 470 | $76,411 | 32% |
| Kenosha, WI | $77,860 | 60 | $76,999 | – |
| Ann Arbor, MI | $77,820 | 320 | $77,141 | 30% |
| Yuba City, CA | $77,770 | 80 | $74,612 | 31% |
| Cleveland, OH | $77,730 | 1,920 | $82,759 | 22% |
| Bellingham, WA | $77,670 | 210 | $75,164 | 30% |
| Philadelphia, PA | $77,590 | 4,660 | $75,658 | 29% |
| Raleigh, NC | $77,330 | 1,560 | $78,782 | 26% |
| Spokane, WA | $77,220 | 680 | $76,954 | 23% |
| Huntsville, AL | $76,970 | 320 | $82,699 | 22% |
| Janesville, WI | $76,910 | 100 | $82,078 | 20% |
| Redding, CA | $76,790 | 80 | $76,268 | 26% |
| Bakersfield, CA | $76,500 | 290 | $75,828 | 29% |
| Brunswick, GA | $76,460 | 80 | $87,176 | 26% |
| Cape Girardeau, MO | $76,400 | 70 | $88,757 | 16% |
| Casper, WY | $76,400 | 100 | $81,425 | 22% |
| Deltona, FL | $76,400 | 280 | $76,887 | 28% |
| La Crosse, WI | $76,370 | 170 | $83,220 | 21% |
| Atlanta, GA | $76,340 | 5,550 | $76,296 | 29% |
| Naples, FL | $76,300 | 210 | $73,934 | 41% |
| Detroit, MI | $76,260 | 7,200 | $76,033 | 24% |
| Buffalo, NY | $76,170 | 900 | $79,473 | 23% |
| Dubuque, IA | $76,170 | 110 | $87,223 | 17% |
| Asheville, NC | $76,070 | 190 | $78,824 | 27% |
| Springfield, MO | $76,040 | 480 | $85,838 | 20% |
| Lafayette, IN | $75,980 | 110 | $81,323 | 23% |
| Rockford, IL | $75,880 | 90 | $82,340 | 21% |
| Bangor, ME | $75,860 | 120 | $78,605 | 24% |
| Visalia, CA | $75,770 | 140 | $75,903 | 27% |
| Lakeland, FL | $75,400 | 490 | $77,619 | 29% |
| Davenport, IA | $75,380 | 350 | $84,622 | 16% |
| Cincinnati, OH | $75,300 | 2,060 | $78,956 | 24% |
| Decatur, IL | $75,190 | 90 | $85,035 | 17% |
| Ithaca, NY | $75,060 | 60 | $72,650 | 32% |
| Bremerton, WA | $75,010 | 140 | $71,027 | 33% |
| Sandusky, OH | $74,960 | 60 | $83,960 | 29% |
| Terre Haute, IN | $74,890 | 70 | $85,299 | 16% |
| Indianapolis, IN | $74,790 | 1,690 | $78,154 | 25% |
| Eau Claire, WI | $74,670 | 130 | $80,467 | 18% |
| Peoria, IL | $74,530 | 270 | $81,694 | 19% |
| St. Louis, MO | $74,510 | 2,690 | $78,359 | 23% |
| Lancaster, PA | $74,450 | 280 | $75,771 | 25% |
| Scranton, PA | $74,430 | 300 | $79,557 | 22% |
| Toledo, OH | $74,400 | 320 | $81,351 | 20% |
| Lebanon, PA | $74,380 | 50 | $79,795 | 23% |
| Panama City, FL | $74,220 | 130 | $76,283 | 28% |
| Lewiston, ID | $74,190 | 60 | $81,384 | 24% |
| Olympia, WA | $74,130 | 200 | $71,506 | 33% |
| Grand Junction, CO | $74,080 | 60 | $77,590 | 28% |
| Elkhart, IN | $74,060 | 110 | $81,993 | 19% |
| Dallas, TX | $73,930 | 8,370 | $71,714 | 27% |
| Port St. Lucie, FL | $73,920 | 180 | $73,752 | 38% |
| Pittsburgh, PA | $73,360 | 1,440 | $77,489 | 24% |
| Duluth, MN | $73,240 | 200 | $82,507 | 22% |
| Slidell, LA | $73,070 | 150 | $78,802 | – |
| Winston-Salem, NC | $73,070 | 300 | $79,387 | 25% |
| Waterloo, IA | $72,990 | 190 | $83,842 | 17% |
| Lansing, MI | $72,890 | 420 | $76,734 | 21% |
| Mobile, AL | $72,860 | 260 | $82,703 | 21% |
| Anchorage, AK | $72,800 | 370 | $69,057 | 31% |
| Cape Coral, FL | $72,770 | 400 | $71,100 | 30% |
| Kennewick, WA | $72,690 | 230 | $72,633 | 28% |
| Missoula, MT | $72,550 | 190 | $75,224 | 27% |
| Kalamazoo, MI | $72,330 | 140 | $76,265 | 21% |
| Grand Island, NE | $72,310 | 130 | $83,444 | 22% |
| Tampa, FL | $72,220 | 3,850 | $71,583 | 33% |
| Akron, OH | $72,080 | 270 | $77,198 | 22% |
| Midland, TX | $72,030 | 80 | $75,201 | 26% |
| Punta Gorda, FL | $71,920 | 60 | $71,544 | 31% |
| Auburn, AL | $71,860 | 130 | $81,721 | 27% |
| Grand Rapids, MI | $71,760 | 790 | $75,105 | 27% |
| Miami, FL | $71,510 | 4,190 | $62,643 | 45% |
| Palm Bay, FL | $71,450 | 220 | $71,446 | 32% |
| Bowling Green, KY | $71,020 | 170 | $78,754 | 21% |
| Victoria, TX | $70,790 | 60 | $78,797 | 20% |
| Joplin, MO | $70,170 | 140 | $81,861 | 21% |
| Sherman, TX | $69,900 | 50 | $74,543 | 23% |
| Decatur, AL | $69,800 | 120 | $80,035 | 19% |
| Richmond, VA | $69,610 | 1,480 | $71,134 | 29% |
| Fayetteville, NC | $69,410 | 150 | $75,464 | 25% |
| Honolulu, HI | $69,150 | 740 | $62,319 | 52% |
| Johnstown, PA | $68,820 | 70 | $80,089 | 15% |
| Gainesville, FL | $68,810 | 140 | $71,134 | 29% |
| Binghamton, NY | $68,680 | 80 | $73,958 | 28% |
| Baltimore, MD | $68,470 | 1,810 | $65,530 | 34% |
| Waco, TX | $68,210 | 120 | $73,701 | 25% |
| Chico, CA | $68,170 | 80 | $67,364 | 27% |
| Houston, TX | $67,560 | 3,410 | $68,499 | 29% |
| Orlando, FL | $67,460 | 2,260 | $66,517 | 34% |
| Morgantown, WV | $67,440 | 90 | $72,265 | 24% |
| Goldsboro, NC | $67,370 | 60 | $76,157 | 27% |
| Bloomington, IL | $67,140 | 160 | $71,779 | 23% |
| College Station, TX | $67,060 | 120 | $73,732 | 27% |
| Midland, MI | $66,880 | 60 | $72,758 | 25% |
| San Antonio, TX | $66,810 | 1,510 | $70,537 | 25% |
| Birmingham, AL | $66,740 | 1,730 | $72,825 | 25% |
| Longview, TX | $66,620 | 180 | $74,448 | 21% |
| Harrisburg, PA | $66,500 | 450 | $67,410 | 27% |
| Allentown, PA | $66,480 | 290 | $66,501 | 33% |
| Oklahoma City, OK | $66,480 | 1,460 | $73,533 | 25% |
| Boise, ID | $66,450 | 810 | $67,537 | 35% |
| Ocala, FL | $66,310 | 120 | $69,628 | 29% |
| Sebastian, FL | $66,300 | 110 | $67,441 | 39% |
| Daphne, AL | $66,250 | 180 | $69,965 | 31% |
| Dothan, AL | $66,230 | 150 | $79,002 | 22% |
| Dayton, OH | $66,070 | 440 | $71,278 | 24% |
| Pinehurst, NC | $66,060 | 50 | $74,783 | 34% |
| Kingston, NY | $65,870 | 80 | $65,406 | 37% |
| Charleston, SC | $65,580 | 700 | $64,955 | 37% |
| Las Vegas, NV | $65,550 | 1,920 | $65,409 | 32% |
| Myrtle Beach, SC | $65,170 | 240 | $69,595 | 32% |
| Flint, MI | $65,050 | 230 | $69,921 | 19% |
| Pensacola, FL | $65,030 | 790 | $66,549 | 32% |
| Harrisonburg, VA | $65,010 | 100 | $68,509 | 31% |
| Fairbanks, AK | $64,990 | 50 | $62,970 | 34% |
| Jacksonville, FL | $64,960 | 2,140 | $65,297 | 31% |
| Athens, GA | $64,780 | 140 | $69,400 | 33% |
| Helena, MT | $64,740 | 140 | $67,667 | 31% |
| Roanoke, VA | $64,720 | 320 | $69,132 | 26% |
| Columbia, SC | $64,660 | 570 | $69,035 | 29% |
| Oxnard, CA | $64,470 | 1,010 | $58,326 | 55% |
| Louisville, KY | $64,460 | 1,120 | $69,257 | 25% |
| Jefferson City, MO | $64,430 | 270 | $73,237 | 19% |
| Lexington Park, MD | $64,390 | 70 | $63,904 | 38% |
| Niles, MI | $64,250 | 130 | $69,557 | 26% |
| Laredo, TX | $64,170 | 50 | $73,796 | 21% |
| Durham, NC | $64,130 | 360 | $65,726 | 31% |
| Elizabethtown, KY | $64,090 | 130 | $70,761 | 24% |
| Tuscaloosa, AL | $64,080 | 250 | $73,049 | 31% |
| Virginia Beach, VA | $64,080 | 1,260 | $65,427 | 35% |
| Cheyenne, WY | $64,050 | 170 | $66,379 | 29% |
| Rocky Mount, NC | $64,040 | 90 | $72,763 | 24% |
| Brownsville, TX | $64,000 | 100 | $74,440 | 28% |
| Florence, AL | $63,870 | 150 | $75,303 | 20% |
| Knoxville, TN | $63,830 | 930 | $68,954 | 32% |
| Traverse City, MI | $63,820 | 130 | $68,350 | 35% |
| Lexington, KY | $63,760 | 420 | $68,641 | 30% |
| Oshkosh, WI | $63,600 | 280 | $68,439 | 24% |
| Johnson City, TN | $63,590 | 190 | $72,321 | 28% |
| Evansville, IN | $63,560 | 240 | $69,443 | 21% |
| Lubbock, TX | $63,520 | 280 | $69,560 | 25% |
| Montgomery, AL | $63,510 | 380 | $70,817 | 26% |
| Great Falls, MT | $63,460 | 70 | $65,527 | 27% |
| Muncie, IN | $63,460 | 150 | $71,993 | 20% |
| Hickory, NC | $63,420 | 130 | $71,672 | 30% |
| Staunton, VA | $63,390 | 70 | $69,561 | 27% |
| Greenville, NC | $63,340 | 80 | $71,650 | 28% |
| Fort Wayne, IN | $63,320 | 410 | $68,401 | 24% |
| Winchester, VA | $63,320 | 280 | $65,651 | 35% |
| Warner Robins, GA | $63,270 | 130 | $67,460 | 29% |
| Memphis, TN | $63,250 | 930 | $68,616 | 26% |
| South Bend, IN | $63,130 | 160 | $67,986 | 24% |
| St. Joseph, MO | $63,080 | 80 | $73,024 | 19% |
| Crestview, FL | $62,890 | 270 | $64,814 | 38% |
| Springfield, OH | $62,860 | 30 | $69,472 | 23% |
| Valdosta, GA | $62,850 | 110 | $71,201 | 25% |
| Nashville, TN | $62,800 | 1,770 | $65,187 | 34% |
| Chambersburg, PA | $62,770 | 80 | $66,324 | 26% |
| Saginaw, MI | $62,740 | 140 | $69,028 | 20% |
| Bloomington, IN | $62,720 | 90 | $65,963 | 33% |
| Little Rock, AR | $62,720 | 660 | $70,185 | 24% |
| Rome, GA | $62,660 | 80 | $69,498 | 24% |
| Reading, PA | $62,630 | 180 | $64,527 | 30% |
| Kankakee, IL | $62,570 | 80 | $64,911 | 25% |
| Houma, LA | $62,530 | 110 | $73,476 | 25% |
| Chattanooga, TN | $62,460 | 480 | $68,289 | 29% |
| Lima, OH | $62,430 | 70 | $69,623 | 23% |
| Albuquerque, NM | $62,250 | 630 | $65,152 | 29% |
| New Orleans, LA | $62,240 | 470 | $67,216 | 30% |
| North Port, FL | $62,210 | 430 | $60,742 | 41% |
| Muskegon, MI | $62,190 | 60 | $67,219 | 25% |
| Reno, NV | $62,180 | 380 | $61,556 | 40% |
| Altoona, PA | $62,150 | 90 | $69,436 | 19% |
| Hagerstown, MD | $62,060 | 120 | $65,901 | 31% |
| York, PA | $62,030 | 130 | $64,615 | 27% |
| Greenville, SC | $61,990 | 790 | $66,470 | 30% |
| Hilton Head Island, SC | $61,920 | 130 | $63,173 | 38% |
| Utica, NY | $61,910 | 170 | $66,801 | 28% |
| Phoenix, AZ | $61,850 | 8,350 | $59,865 | 33% |
| Anniston, AL | $61,740 | 100 | $71,833 | 19% |
| Jackson, TN | $61,500 | 150 | $71,911 | 27% |
| McAllen, TX | $61,500 | 250 | $71,599 | 22% |
| Spartanburg, SC | $61,430 | 140 | $67,468 | 29% |
| Billings, MT | $61,350 | 210 | $65,597 | 27% |
| Dalton, GA | $61,310 | 50 | $68,241 | 27% |
| Tallahassee, FL | $61,270 | 290 | $65,237 | 29% |
| Hammond, LA | $61,180 | 80 | $72,437 | 26% |
| Amarillo, TX | $61,160 | 160 | $66,609 | 26% |
| Salt Lake City, UT | $61,150 | – | $60,624 | 32% |
| Jackson, MS | $61,110 | 810 | $68,626 | 29% |
| Las Cruces, NM | $61,110 | 80 | $67,740 | 29% |
| Yuma, AZ | $61,110 | 80 | $65,918 | 28% |
| Fort Smith, AR | $61,050 | 180 | $71,081 | 21% |
| San Angelo, TX | $60,860 | 50 | $65,828 | 26% |
| Kokomo, IN | $60,780 | 60 | $67,799 | 22% |
| Killeen, TX | $60,750 | 170 | $66,662 | 26% |
| Mansfield, OH | $60,750 | 50 | $68,357 | 18% |
| Salisbury, MD | $60,700 | 50 | $63,482 | 38% |
| Florence, SC | $60,670 | 130 | $69,917 | 30% |
| Twin Falls, ID | $60,640 | 120 | $65,836 | 31% |
| Charlottesville, VA | $60,610 | 480 | $61,132 | 40% |
| Williamsport, PA | $60,600 | 70 | $65,620 | 22% |
| Jackson, MI | $60,540 | 110 | $65,963 | 23% |
| Youngstown, OH | $60,530 | 100 | $69,261 | 21% |
| Beaumont, TX | $60,440 | 200 | $67,121 | 26% |
| Clarksville, TN | $60,270 | 210 | $66,269 | 27% |
| Kingsport, TN | $60,250 | 260 | $69,696 | 26% |
| Alexandria, LA | $60,150 | 110 | $70,198 | 21% |
| Paducah, KY | $60,080 | 90 | $69,792 | 23% |
| Savannah, GA | $59,980 | 230 | $63,000 | 35% |
| Macon, GA | $59,940 | 130 | $67,707 | 24% |
| Prescott Valley, AZ | $59,860 | 70 | $60,923 | 38% |
| Michigan City, IN | $59,700 | 60 | $65,116 | 24% |
| Augusta, GA | $59,660 | 270 | $64,916 | 29% |
| Battle Creek, MI | $59,640 | 70 | $65,871 | 23% |
| Lawton, OK | $59,640 | 110 | $69,396 | 23% |
| State College, PA | $59,540 | 50 | $61,532 | 39% |
| Logan, UT | $59,490 | 90 | $62,016 | 29% |
| Austin, TX | $59,210 | 1,890 | $60,378 | 32% |
| Parkersburg, WV | $59,180 | 80 | $67,971 | 22% |
| Monroe, LA | $59,150 | 190 | $70,756 | 24% |
| Baton Rouge, LA | $59,080 | 570 | $65,080 | 28% |
| Wheeling, WV | $59,060 | 110 | $66,868 | 18% |
| The Villages, FL | $59,050 | 50 | $69,126 | 35% |
| Columbus, IN | $59,040 | 50 | $63,482 | 28% |
| Idaho Falls, ID | $59,040 | 180 | $62,534 | 29% |
| Lafayette, LA | $58,960 | 340 | $67,608 | 28% |
| El Paso, TX | $58,910 | 370 | $65,520 | 31% |
| Farmington, NM | $58,740 | 40 | $66,973 | 29% |
| Owensboro, KY | $58,730 | 200 | $66,279 | 25% |
| Hattiesburg, MS | $58,560 | 300 | $66,824 | 27% |
| Lynchburg, VA | $58,550 | 140 | $65,519 | 26% |
| Dover, DE | $58,540 | 160 | $60,037 | 36% |
| Tucson, AZ | $58,440 | 500 | $60,312 | 31% |
| Greensboro, NC | $58,400 | 970 | $62,887 | 29% |
| Charleston, WV | $58,390 | 180 | $65,816 | 25% |
| Texarkana, TX | $58,350 | 90 | $69,454 | 26% |
| Wichita Falls, TX | $58,240 | 70 | $65,063 | 27% |
| Kahului, HI | $58,140 | 60 | $53,148 | 66% |
| Jacksonville, NC | $57,920 | 80 | $62,898 | 33% |
| Canton, OH | $57,720 | 240 | $64,559 | 24% |
| Cleveland, TN | $57,010 | 90 | $64,725 | 30% |
| Huntington, WV | $57,000 | 210 | $64,464 | 23% |
| Gulfport, MS | $56,640 | 400 | $62,929 | 30% |
| Provo, UT | $56,570 | 700 | $57,588 | 38% |
| Lake Charles, LA | $56,550 | 130 | $65,869 | 29% |
| Monroe, MI | $56,450 | 30 | $60,379 | 27% |
| Albany, GA | $55,550 | 110 | $63,363 | 23% |
| Corpus Christi, TX | $55,530 | 250 | $59,922 | 31% |
| Abilene, TX | $55,230 | 150 | $61,119 | 43% |
| Lake Havasu City, AZ | $55,180 | 90 | $58,641 | 33% |
| Erie, PA | $54,530 | 130 | $59,956 | 25% |
| Gadsden, AL | $54,360 | 100 | $63,465 | 24% |
| Santa Fe, NM | $52,960 | 120 | $53,621 | 44% |
| Shreveport, LA | $52,730 | 220 | $62,207 | 29% |
| Burlington, NC | $52,590 | 160 | $56,429 | 31% |
| Weirton, WV | $52,380 | 50 | $58,838 | 19% |
| Tyler, TX | $51,870 | 130 | $56,285 | 30% |
| St. George, UT | $51,760 | 130 | $53,185 | 43% |
| Carson City, NV | $50,690 | 60 | $51,656 | 49% |
| Ogden, UT | $50,410 | 480 | $50,235 | 39% |
| Columbus, GA | $50,010 | 170 | $56,005 | 32% |
| Beckley, WV | $49,680 | 60 | $56,219 | 25% |
| Gainesville, GA | $47,610 | 170 | $49,201 | 43% |
| Morristown, TN | $47,130 | 50 | $54,571 | 40% |
What the median loan officer salary pays per paycheck
| Period | Before taxes |
|---|---|
| Year | $76,690 |
| Month | $6,391 |
| Every two weeks | $2,950 |
| Week | $1,475 |
| Hour | $36.87 |
Gross pay, 52 weeks a year, 2,080 hours. Hourly to salary calculator.
Becoming a loan officer: education and job outlook
| Typical entry education | Bachelor's degree |
|---|---|
| Work experience needed | Less than 5 years |
| On-the-job training | Moderate-term on-the-job training |
| Projected change in jobs, 2025–35 | +1.1% (all jobs: +3.5%) |
| Openings a year (average) | 17,100 |
| Self-employed | 1.4% |
official BLS Employment Projections, 2025–35. Openings include workers who retire or change jobs. What the work involves: BLS Occupational Outlook Handbook.
Similar jobs
| Job | Median a year | Typical education |
|---|---|---|
| Accountant | $83,680 | Bachelor's degree |
| Financial advisor | $105,070 | Bachelor's degree |
| Project manager | $102,320 | Bachelor's degree |
| Financial analyst | $102,740 | Bachelor's degree |
| HR specialist | $75,940 | Bachelor's degree |
| Management consultant | $101,860 | Bachelor's degree |
| Claims adjuster | $78,000 | High school diploma |
| Market research analyst | $78,760 | Bachelor's degree |
Questions about loan officer pay
How much does a loan officer make an hour?
The median is $36.87 an hour. The lowest-paid 10% earn under $18.96 and the top 10% over $73.65.
How much does a loan officer make a month?
About $6,391 a month before taxes at the median salary of $76,690, or $2,950 every two weeks.
What state pays loan officers the most?
Massachusetts, with a median of $101,600. Connecticut ($95,730), New York ($95,710), Minnesota ($95,170) and Colorado ($94,520) follow.
Where do loan officers make the most after cost of living?
Kansas: its median of $86,970 is worth $96,560 at typical US prices. Minnesota, Massachusetts and Iowa come next.
How much do entry-level loan officers make?
BLS does not report pay by experience. The lowest-paid 10% of loan officers earn under $39,430 a year, and the lowest-paid quarter under $52,730, which is a reasonable guide to starting pay.
What education do you need to become a loan officer?
BLS lists the typical entry-level education as a bachelor's degree. Work experience in a related job: less than 5 years. On-the-job training: moderate-term on-the-job training.
Sources and limits
- Pay and employment: BLS Occupational Employment and Wage Statistics, May 2025 estimates, occupation 13-2072 (Loan Officers). Downloaded 2026-10-24.
- OEWS counts wage and salary workers at employers, including tips and commissions but not overtime pay, bonuses that are not tied to production, or benefits. It leaves out the self-employed. BLS does not publish figures above $239,200 a year or for states and metro areas with too few workers.
- Cost of living: BEA Regional Price Parities, 2024 (US = 100). Rents: Zillow Observed Rent Index, September 2026; Data Provided by Zillow Group.
- Outlook and education: BLS Employment Projections, 2025–35.
- Pay is not broken down by experience, employer or specialty (for example, ER or pediatric nursing); BLS does not publish those splits.