Loan Officers Salary
Loan Officers in Idaho make a median of $71,070 a year, or about $34.17 an hour. The range runs from $43K at the entry level to $156K for experienced workers. Cost of living is below average (RPP 93.88), which stretches that salary to about $75,703 in buying power. Rent on a 2-bedroom averages $1,136/month, or 24.3% of estimated take-home pay.
Statewide average. Salary and cost of living vary significantly across Idaho. Jump to a metro for precise data:
So what does $71K get you in Idaho?
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What this looks like in Idaho
Loan officers pay in Idaho tracks closely to the national median, $71K locally vs. $77K nationwide, a 7% difference. Housing is manageable: a 2-bedroom at the HUD median costs $1,136/month, 24.6% of take-home, well inside the 30% guideline. Regional Price Parity sits at 93.88 (national = 100), meaning everyday costs run about 6% cheaper here. Your dollar stretches further than the headline salary suggests. Use the affordability calculator above to model your specific situation.
Compensation breakdown
Annual earnings by percentile, Idaho
Entry-level loan officers (10th percentile) start around $43K. Mid-career wages sit at $71K. Top earners bring in $156K or more, a $113K spread from bottom to top.
Loan Officers salary by metro in Idaho
6 metro areas with BLS data, ranked by median pay
| Metro area | Median salary | vs. state | Employment |
|---|---|---|---|
| Pocatello | $80K | +13% | 250 |
| Coeur d'Alene | $79K | +12% | 190 |
| Lewiston | $74K | +4% | 60 |
| Boise City | $66K | -7% | 810 |
| Twin Falls | $61K | -15% | 120 |
| Idaho Falls | $59K | -17% | 180 |
Compare to other states
Track loan officers salary changes
BLS updates this data quarterly. We'll email you when Idaho numbers change.
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Frequently asked questions
Can a loan officer afford a 2BR apartment alone in Idaho?
Yes — at the median salary of $71K, rent takes 24.6% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,136/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for loan officers in Idaho?
The 10th-percentile wage — what new loan officers typically earn — is $43K/year. Take-home on that works out to about $2,590/month. At HUD’s $1,136/month FMR, rent would take 44% 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 Idaho?
Pay here is roughly in line with the national average — $71K locally vs. $77K nationally, a 7% difference.
How does Idaho compare to the national average for loan officers?
Idaho pays $71K median vs. the U.S. average of $77K — that’s -7%. After adjusting for local cost of living (RPP 93.88), the purchasing-power equivalent is $76K — below the national median.
How much do loan officers make in Idaho?
The median is $71,070 a year, that works out to about $34 an hour. But the range is wide: entry-level workers start around $43,160, and experienced loan officers can clear $156,410. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $71K enough to live in Idaho?
On that salary, you'd take home roughly $4,610/month after taxes. A 2-bedroom here rents for about $1,136/month, which eats 24.6% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a loan officers salary go in Idaho?
Idaho has a Regional Price Parity of 93.88 (100 is the national average). That's below average, your money stretches further here than the raw salary number suggests. After cost-of-living adjustment, the median loan officers salary is worth about $75,703 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.