Loan Officers Salary by State and Metro Area
Loan Officers in the United States earn a median salary of $76,690/year ($36.87/hr). Salaries range from $39,430 to $153,180 depending on experience. Below, compare salaries across all 50 states and DC and 30 metro areas where BLS publishes data.
$39K
10th percentile
$53K
25th percentile
$77K
Median
$104K
75th percentile
$153K
90th percentile
Where Loan Officers have the most money left over after rent
Median pay minus estimated federal + state + FICA taxes, minus 12 months of rent at HUD's 2-bedroom Fair Market Rent. Darker green means more money left over each year. Hover any state for the breakdown.
View map data as a table
| State | Median (nominal) | Rent/mo (2BR) | Left after rent |
|---|---|---|---|
| Minnesota | $95K | $1,384 | $54K |
| North Dakota | $85K | $1,034 | $54K |
| Kansas | $87K | $1,066 | $52K |
| South Dakota | $80K | $1,017 | $52K |
| Wyoming | $80K | $1,008 | $52K |
| Connecticut | $96K | $1,679 | $51K |
| Iowa | $84K | $1,064 | $50K |
| Vermont | $89K | $1,498 | $49K |
| Colorado | $95K | $1,832 | $49K |
| Nebraska | $80K | $1,113 | $48K |
| New York | $96K | $1,917 | $48K |
| Oregon | $94K | $1,555 | $48K |
| Massachusetts | $102K | $2,347 | $47K |
| New Hampshire | $81K | $1,528 | $47K |
| Maine | $82K | $1,281 | $46K |
| Ohio | $76K | $1,188 | $46K |
| Wisconsin | $78K | $1,202 | $46K |
| Delaware | $83K | $1,448 | $45K |
| New Jersey | $93K | $2,067 | $45K |
| Indiana | $73K | $1,144 | $44K |
| Missouri | $74K | $1,097 | $44K |
| Oklahoma | $73K | $1,081 | $44K |
| District of Columbia | $93K | $2,146 | $43K |
| Illinois | $79K | $1,407 | $43K |
| North Carolina | $76K | $1,284 | $43K |
| Washington | $80K | $1,830 | $43K |
| Arkansas | $70K | $1,021 | $43K |
| Idaho | $71K | $1,136 | $42K |
| Michigan | $74K | $1,272 | $42K |
| Montana | $72K | $1,129 | $42K |
| Rhode Island | $77K | $1,544 | $42K |
| Virginia | $78K | $1,646 | $40K |
| Alaska | $73K | $1,643 | $40K |
| Florida | $71K | $1,658 | $39K |
| Pennsylvania | $69K | $1,351 | $39K |
| Alabama | $67K | $1,085 | $39K |
| Tennessee | $63K | $1,215 | $38K |
| Texas | $66K | $1,415 | $38K |
| New Mexico | $63K | $1,119 | $37K |
| Georgia | $68K | $1,434 | $36K |
| Kentucky | $62K | $1,110 | $36K |
| Nevada | $65K | $1,501 | $36K |
| Louisiana | $61K | $1,191 | $35K |
| Maryland | $74K | $1,795 | $35K |
| Mississippi | $60K | $1,077 | $35K |
| South Carolina | $63K | $1,263 | $35K |
| West Virginia | $58K | $1,008 | $34K |
| California | $82K | $2,471 | $33K |
| Arizona | $62K | $1,437 | $33K |
| Utah | $59K | $1,350 | $31K |
| Hawaii | $64K | $2,240 | $22K |
Loan Officers salary by state
| State | Median | Hourly | Employment |
|---|---|---|---|
| Massachusetts | $102K | $48.85/hr | 4,470 |
| Connecticut | $96K | $46.03/hr | 2,220 |
| New York | $96K | $46.01/hr | 10,840 |
| Minnesota | $95K | $45.76/hr | 6,430 |
| Colorado | $95K | $45.44/hr | 3,230 |
| Oregon | $94K | $45.4/hr | 4,220 |
| New Jersey | $93K | $44.67/hr | 6,200 |
| District of Columbia | $93K | $44.66/hr | 370 |
| Vermont | $89K | $42.65/hr | 350 |
| Kansas | $87K | $41.81/hr | 3,540 |
| North Dakota | $85K | $40.7/hr | 1,370 |
| Iowa | $84K | $40.23/hr | 2,840 |
| Delaware | $83K | $39.97/hr | 1,420 |
| Maine | $82K | $39.38/hr | 1,060 |
| California | $82K | $39.31/hr | 25,790 |
| New Hampshire | $81K | $38.78/hr | 1,120 |
| Washington | $80K | $38.52/hr | 6,040 |
| South Dakota | $80K | $38.42/hr | 1,820 |
| Nebraska | $80K | $38.39/hr | 2,710 |
| Wyoming | $80K | $38.28/hr | 740 |
| Illinois | $79K | $38.05/hr | 10,890 |
| Virginia | $78K | $37.66/hr | 8,790 |
| Wisconsin | $78K | $37.64/hr | 4,940 |
| Rhode Island | $77K | $37.14/hr | 1,290 |
| Ohio | $76K | $36.71/hr | 9,880 |
| North Carolina | $76K | $36.5/hr | 10,700 |
| Michigan | $74K | $35.8/hr | 11,340 |
| Missouri | $74K | $35.41/hr | 7,050 |
| Maryland | $74K | $35.37/hr | 3,850 |
| Oklahoma | $73K | $35.09/hr | 4,100 |
| Indiana | $73K | $35.08/hr | 4,790 |
| Alaska | $73K | $35/hr | 490 |
| Montana | $72K | $34.41/hr | 1,180 |
| Florida | $71K | $34.18/hr | 18,830 |
| Idaho | $71K | $34.17/hr | 2,030 |
| Arkansas | $70K | $33.78/hr | 2,610 |
| Pennsylvania | $69K | $33.32/hr | 8,140 |
| Georgia | $68K | $32.93/hr | 9,540 |
| Alabama | $67K | $32.07/hr | 5,050 |
| Texas | $66K | $31.91/hr | 21,200 |
| Nevada | $65K | $31.01/hr | 2,580 |
| Hawaii | $64K | $30.65/hr | 980 |
| South Carolina | $63K | $30.39/hr | 4,140 |
| Tennessee | $63K | $30.19/hr | 6,510 |
| New Mexico | $63K | $30.1/hr | 1,140 |
| Arizona | $62K | $29.88/hr | 10,020 |
| Kentucky | $62K | $29.85/hr | 3,940 |
| Louisiana | $61K | $29.38/hr | 2,810 |
| Mississippi | $60K | $28.97/hr | 3,450 |
| Utah | $59K | $28.58/hr | 3,990 |
| West Virginia | $58K | $27.68/hr | 1,290 |
Showing 1–10 of 51 (all 50 states + DC)
Top paying metro areas
| Metro area | Median | Employment |
|---|---|---|
| Enid, OK | $105K | 40 |
| Bridgeport-Stamford-Danbury, CT | $104K | 560 |
| Boston-Cambridge-Newton, MA-NH | $103K | 3,420 |
| San Francisco-Oakland-Fremont, CA | $103K | 3,330 |
| Minneapolis-St. Paul-Bloomington, MN-WI | $102K | 3,910 |
| New York-Newark-Jersey City, NY-NJ | $102K | 10,350 |
| Des Moines-West Des Moines, IA | $101K | 650 |
| Lawrence, KS | $100K | 80 |
| Denver-Aurora-Centennial, CO | $100K | 1,970 |
| Wichita, KS | $99K | 700 |
| New Haven, CT | $99K | 230 |
| Iowa City, IA | $99K | 120 |
| Fort Collins-Loveland, CO | $98K | 160 |
| Rochester, MN | $98K | 170 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | $98K | 5,000 |
| Lincoln, NE | $98K | 420 |
| Corvallis, OR | $97K | 70 |
| Lewiston-Auburn, ME | $97K | 100 |
| Amherst Town-Northampton, MA | $97K | 90 |
| Norwich-New London-Willimantic, CT | $97K | 70 |
| Portland-Vancouver-Hillsboro, OR-WA | $96K | 2,840 |
| Barnstable Town, MA | $96K | 110 |
| Salinas, CA | $96K | 140 |
| Waterbury-Shelton, CT | $96K | 130 |
| Topeka, KS | $95K | 200 |
| San Jose-Sunnyvale-Santa Clara, CA | $95K | 1,140 |
| Elmira, NY | $95K | 40 |
| Jonesboro, AR | $95K | 80 |
| Pittsfield, MA | $95K | 80 |
| Mankato, MN | $95K | 130 |