Loan Officers Salary
Loan Officers in Idaho Falls, ID make a median of $59,040 a year, or about $28.38 an hour. The range runs from $43K at the entry level to $128K for experienced workers. Cost of living is below average (RPP 94.41), which stretches that salary to about $62,536 in buying power. A 2-bedroom apartment runs $1,305/month, about 33.6% of take-home, which is tight.
So what does $59K get you in Idaho Falls?
Groceries, utilities, transportation, and healthcare scaled from national averages by Idaho Falls’s Regional Price Parity (94.41). 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
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What this looks like in Idaho Falls
Pay for loan officers in Idaho Falls runs about 23% below the U.S. median of $77K. Rent runs $1,305/month for a 2-bedroom (HUD FMR), taking 33.2% of the median take-home. That's within the 30% rule, though not by much. Regional Price Parity sits at 94.41 (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.
Compared to nearby metros
Median pay for loan officers in metros near Idaho Falls, adjusted for local cost of living.
| Metro | Median pay | COL-adjusted |
|---|---|---|
| Boise City | $66K | $68K |
| Pocatello | $80K | $90K |
| Coeur d'Alene | $79K | $81K |
| Twin Falls | $61K | $66K |
COL-adjusted = median salary ÷ (BEA Regional Price Parity ÷ 100). Expresses purchasing power in national-average dollars.
Compensation breakdown
Annual earnings by percentile, Idaho Falls, ID
Entry-level loan officers (10th percentile) start around $43K. Mid-career wages sit at $59K. Top earners bring in $128K or more, a $85K 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 Idaho Falls numbers change.
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Frequently asked questions
Can a loan officer afford a 2BR apartment alone in Idaho Falls?
It’s a stretch — at the median salary of $59K, rent takes 33.2% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,305/month. The 30% guideline puts the comfortable ceiling at roughly $1,200/month in rent — so roommates or a 1-bedroom would ease the math significantly.
What’s the entry-level salary for loan officers in Idaho Falls?
The 10th-percentile wage — what new loan officers typically earn — is $43K/year. Take-home on that works out to about $2,562/month. At HUD’s $1,305/month FMR, rent would take 51% 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 Falls?
Local pay runs 23% below the national median — $59K here vs. $77K nationally. Cost of living is 6% below the national average, which narrows that gap in real purchasing power.
How does Idaho Falls compare to the national average for loan officers?
Idaho Falls pays $59K median vs. the U.S. average of $77K — that’s -23%. After adjusting for local cost of living (RPP 94.41), the purchasing-power equivalent is $63K — below the national median.
How much do loan officers make in Idaho Falls, ID?
The median is $59,040 a year, that works out to about $28 an hour. But the range is wide: entry-level workers start around $42,700, and experienced loan officers can clear $127,580. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $59K enough to live in Idaho Falls?
On that salary, you'd take home roughly $3,926/month after taxes. A 2-bedroom here rents for about $1,305/month, which eats 33.2% 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 Idaho Falls?
Idaho Falls has a Regional Price Parity of 94.41 (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 $62,536 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.