Loan Officers Salary
Loan Officers in Lewiston-Auburn, ME make a median of $96,990 a year, or about $46.63 an hour. The range runs from $57K at the entry level to $144K for experienced workers. Cost of living is below average (RPP 94.74), which stretches that salary to about $102,375 in buying power. Rent on a 2-bedroom averages $1,586/month, or 26% of estimated take-home pay.
So what does $97K get you in Lewiston-Auburn?
Groceries, utilities, transportation, and healthcare scaled from national averages by Lewiston-Auburn’s Regional Price Parity (94.74). 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 Lewiston-Auburn
Lewiston-Auburn sits well above the national pay line for loan officers, local pay runs about 26% higher than the U.S. median of $77K. Rent runs $1,586/month for a 2-bedroom (HUD FMR), taking 26.7% of the median take-home. That's within the 30% rule, though not by much. Regional Price Parity sits at 94.74 (national = 100), meaning everyday costs run about 5% 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 Lewiston-Auburn, adjusted for local cost of living.
| Metro | Median pay | COL-adjusted |
|---|---|---|
| Portland-South Portland | $85K | $83K |
| Bangor | $76K | $79K |
| Manchester-Nashua | $80K | $76K |
COL-adjusted = median salary ÷ (BEA Regional Price Parity ÷ 100). Expresses purchasing power in national-average dollars.
Compensation breakdown
Annual earnings by percentile, Lewiston-Auburn, ME
Entry-level loan officers (10th percentile) start around $57K. Mid-career wages sit at $97K. Top earners bring in $144K or more, a $87K 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
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Frequently asked questions
Can a loan officer afford a 2BR apartment alone in Lewiston-Auburn?
Yes — at the median salary of $97K, rent takes 26.7% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,586/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for loan officers in Lewiston-Auburn?
The 10th-percentile wage — what new loan officers typically earn — is $57K/year. Take-home on that works out to about $3,423/month. At HUD’s $1,586/month FMR, rent would take 46% 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 Lewiston-Auburn?
Local pay is 26% above the national median — $97K here vs. $77K nationally.
How does Lewiston-Auburn compare to the national average for loan officers?
Lewiston-Auburn pays $97K median vs. the U.S. average of $77K — that’s +26%. After adjusting for local cost of living (RPP 94.74), the purchasing-power equivalent is $102K — still ahead of the national median.
How much do loan officers make in Lewiston-Auburn, ME?
The median is $96,990 a year, that works out to about $47 an hour. But the range is wide: entry-level workers start around $57,050, and experienced loan officers can clear $144,380. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $97K enough to live in Lewiston-Auburn?
On that salary, you'd take home roughly $5,933/month after taxes. A 2-bedroom here rents for about $1,586/month, which eats 26.7% 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 Lewiston-Auburn?
Lewiston-Auburn has a Regional Price Parity of 94.74 (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 $102,375 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.