Loan Officers Salary
Loan Officers in Chico, CA make a median of $68,170 a year, or about $32.77 an hour. The range runs from $34K at the entry level to $177K for experienced workers. Adjusted for local prices (RPP 101.2), that's roughly $67,362 in purchasing power. A 2-bedroom apartment runs $1,625/month, about 36.5% of take-home, which is tight.
So what does $68K get you in Chico?
Groceries, utilities, transportation, and healthcare scaled from national averages by Chico’s Regional Price Parity (101.2). Rent from HUD Fair Market Rents. Taxes estimated for single filer, standard deduction. * Healthcare is the employee-paid share only (premiums + out-of-pocket). Actual costs vary by coverage type: employer-sponsored, ACA marketplace, or uninsured.
About loan officers
Sponsored links, AffordMap may earn a commission at no cost to you. Learn more
What this looks like in Chico
Pay for loan officers in Chico runs about 11% below the U.S. median of $77K. The catch: housing math doesn't keep up. A 2-bedroom at the HUD median rents for $1,625/month, which is 36.2% of the median worker's take-home, past the 30% guideline most planners use. Cost of living (RPP 101.2) is near the national average, so spending patterns here track the typical American budget fairly closely. That combination, below-market pay with high housing costs, makes this a financially demanding market for loan officerss.
Compared to nearby metros
Median pay for loan officers in metros near Chico, adjusted for local cost of living.
| Metro | Median pay | COL-adjusted |
|---|---|---|
| Los Angeles-Long Beach-Anaheim | $80K | $71K |
| San Francisco-Oakland-Fremont | $103K | $89K |
| San Diego-Chula Vista-Carlsbad | $82K | $73K |
| Sacramento-Roseville-Folsom | $79K | $74K |
COL-adjusted = median salary ÷ (BEA Regional Price Parity ÷ 100). Expresses purchasing power in national-average dollars.
Compensation breakdown
Annual earnings by percentile, Chico, CA
Entry-level loan officers (10th percentile) start around $34K. Mid-career wages sit at $68K. Top earners bring in $177K or more, a $142K spread from bottom to top.
Loan Officers pay across states
Median income ranked highest to lowest, compared to the national figure
View Loan Officers salary in all states
| State | Median salary | vs. national | Employment |
|---|---|---|---|
| Massachusetts | $102K | +32% | 4,470 |
| Connecticut | $96K | +25% | 2,220 |
| New York | $96K | +25% | 10,840 |
| Minnesota | $95K | +24% | 6,430 |
| Colorado | $95K | +23% | 3,230 |
| Oregon | $94K | +23% | 4,220 |
| New Jersey | $93K | +21% | 6,200 |
| District of Columbia | $93K | +21% | 370 |
| Vermont | $89K | +16% | 350 |
| Kansas | $87K | +13% | 3,540 |
| North Dakota | $85K | +10% | 1,370 |
| Iowa | $84K | +9% | 2,840 |
| Delaware | $83K | +8% | 1,420 |
| Maine | $82K | +7% | 1,060 |
| California | $82K | +7% | 25,790 |
| New Hampshire | $81K | +5% | 1,120 |
| Washington | $80K | +4% | 6,040 |
| South Dakota | $80K | +4% | 1,820 |
| Nebraska | $80K | +4% | 2,710 |
| Wyoming | $80K | +4% | 740 |
| Illinois | $79K | +3% | 10,890 |
| Virginia | $78K | +2% | 8,790 |
| Wisconsin | $78K | +2% | 4,940 |
| Rhode Island | $77K | +1% | 1,290 |
| Ohio | $76K | -0% | 9,880 |
| North Carolina | $76K | -1% | 10,700 |
| Michigan | $74K | -3% | 11,340 |
| Missouri | $74K | -4% | 7,050 |
| Maryland | $74K | -4% | 3,850 |
| Oklahoma | $73K | -5% | 4,100 |
| Indiana | $73K | -5% | 4,790 |
| Alaska | $73K | -5% | 490 |
| Montana | $72K | -7% | 1,180 |
| Florida | $71K | -7% | 18,830 |
| Idaho | $71K | -7% | 2,030 |
| Arkansas | $70K | -8% | 2,610 |
| Pennsylvania | $69K | -10% | 8,140 |
| Georgia | $68K | -11% | 9,540 |
| Alabama | $67K | -13% | 5,050 |
| Texas | $66K | -13% | 21,200 |
| Nevada | $65K | -16% | 2,580 |
| Hawaii | $64K | -17% | 980 |
| South Carolina | $63K | -18% | 4,140 |
| Tennessee | $63K | -18% | 6,510 |
| New Mexico | $63K | -18% | 1,140 |
| Arizona | $62K | -19% | 10,020 |
| Kentucky | $62K | -19% | 3,940 |
| Louisiana | $61K | -20% | 2,810 |
| Mississippi | $60K | -21% | 3,450 |
| Utah | $59K | -22% | 3,990 |
| West Virginia | $58K | -25% | 1,290 |
Showing 1–10 of 51 (all 50 states + DC)
Track loan officers salary changes
BLS updates this data quarterly. We'll email you when Chico numbers change.
Related careers in Business & Finance
Frequently asked questions
Can a loan officer afford a 2BR apartment alone in Chico?
It’s a stretch — at the median salary of $68K, rent takes 36.2% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,625/month. The 30% guideline puts the comfortable ceiling at roughly $1,300/month in rent — so roommates or a 1-bedroom would ease the math significantly.
What’s the entry-level salary for loan officers in Chico?
The 10th-percentile wage — what new loan officers typically earn — is $34K/year. Take-home on that works out to about $2,059/month. At HUD’s $1,625/month FMR, rent would take 79% of that take-home — above the 30% guideline, so a 1-bedroom or shared housing is likely necessary starting out.
Is loan officer a high-paying job in Chico?
Local pay runs 11% below the national median — $68K here vs. $77K nationally.
How does Chico compare to the national average for loan officers?
Chico pays $68K median vs. the U.S. average of $77K — that’s -11%. After adjusting for local cost of living (RPP 101.2), the purchasing-power equivalent is $67K — below the national median.
How much do loan officers make in Chico, CA?
The median is $68,170 a year, that works out to about $33 an hour. But the range is wide: entry-level workers start around $34,320, and experienced loan officers can clear $176,700. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $68K enough to live in Chico?
On that salary, you'd take home roughly $4,483/month after taxes. A 2-bedroom here rents for about $1,625/month, which eats 36.2% of your paycheck. That's above the 30% rule of thumb, housing will be a stretch at the median salary, though you can manage with roommates or a smaller place.
How far does a loan officers salary go in Chico?
Chico has a Regional Price Parity of 101.2 (100 is the national average). Prices are above average here, so your dollar buys less than the same salary would in a cheaper metro. After cost-of-living adjustment, the median loan officers salary is worth about $67,362 in national-average purchasing power.
Where do loan officers get paid the most?
The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.