Loan Officers Salary
Loan Officers in Medford, OR make a median of $90,850 a year, or about $43.68 an hour. The range runs from $51K at the entry level to $167K for experienced workers. Adjusted for local prices (RPP 101.43), that's roughly $89,569 in purchasing power. Rent on a 2-bedroom averages $1,530/month, or 26.8% of estimated take-home pay.
So what does $91K get you in Medford?
Groceries, utilities, transportation, and healthcare scaled from national averages by Medford’s Regional Price Parity (101.43). 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 Medford
Medford sits well above the national pay line for loan officers, local pay runs about 18% higher than the U.S. median of $77K. Rent runs $1,530/month for a 2-bedroom (HUD FMR), taking 28.3% of the median take-home. That's within the 30% rule, though not by much. Cost of living (RPP 101.43) is near the national average, so spending patterns here track the typical American budget fairly closely. Use the affordability calculator above to model your specific situation.
Compared to nearby metros
Median pay for loan officers in metros near Medford, adjusted for local cost of living.
| Metro | Median pay | COL-adjusted |
|---|---|---|
| Portland-Vancouver-Hillsboro | $96K | $91K |
| Eugene-Springfield | $81K | $79K |
| Salem | $93K | $90K |
| Bend | $82K | $79K |
COL-adjusted = median salary ÷ (BEA Regional Price Parity ÷ 100). Expresses purchasing power in national-average dollars.
Compensation breakdown
Annual earnings by percentile, Medford, OR
Entry-level loan officers (10th percentile) start around $51K. Mid-career wages sit at $91K. Top earners bring in $167K or more, a $116K 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 Medford?
Yes — at the median salary of $91K, rent takes 28.3% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,530/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for loan officers in Medford?
The 10th-percentile wage — what new loan officers typically earn — is $51K/year. Take-home on that works out to about $3,077/month. At HUD’s $1,530/month FMR, rent would take 50% 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 Medford?
Local pay is 18% above the national median — $91K here vs. $77K nationally.
How does Medford compare to the national average for loan officers?
Medford pays $91K median vs. the U.S. average of $77K — that’s +18%. After adjusting for local cost of living (RPP 101.43), the purchasing-power equivalent is $90K — still ahead of the national median.
How much do loan officers make in Medford, OR?
The median is $90,850 a year, that works out to about $44 an hour. But the range is wide: entry-level workers start around $51,290, and experienced loan officers can clear $167,260. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $91K enough to live in Medford?
On that salary, you'd take home roughly $5,406/month after taxes. A 2-bedroom here rents for about $1,530/month, which eats 28.3% 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 Medford?
Medford has a Regional Price Parity of 101.43 (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 $89,569 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.