Loan Officers Salary in San Francisco-Oakland-Fremont, CA
Loan Officers in San Francisco-Oakland-Fremont, CA make a median of $94,110 a year, or about $45.25 an hour. The range runs from $44K at the entry level to $200K for experienced workers. Prices run high here (RPP 115.61), so that salary is closer to $81,403 in real purchasing power. A 2-bedroom apartment runs $3,604/month — about 61% of take-home, which is tight.
AffordMap analysis of BLS Occupational Employment and Wage Statistics (latest release, May 2024)
So what does $94K get you in San Francisco-Oakland-Fremont?
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Compensation breakdown
Annual earnings by percentile, San Francisco-Oakland-Fremont, CA
Entry-level loan officers (10th percentile) start around $44K. Mid-career wages sit at $94K.Top earners bring in $200K or more - a $156K spread from bottom to top.
Loan Officers pay across states
Median income ranked highest to lowest, compared to the national figure
| State | Median salary | vs. national | Employment |
|---|---|---|---|
| District of Columbia | $102K | +38% | 420 |
| New York | $99K | +33% | 11,850 |
| New Jersey | $95K | +28% | 5,690 |
| Massachusetts | $93K | +26% | 4,310 |
| Vermont | $86K | +17% | 440 |
| Minnesota | $84K | +14% | 6,950 |
| North Dakota | $83K | +12% | 1,370 |
| Kansas | $83K | +11% | 3,950 |
| Delaware | $81K | +9% | 1,480 |
| Iowa | $80K | +8% | 3,350 |
| Virginia | $80K | +7% | 9,170 |
| California | $80K | +7% | 27,420 |
| Wisconsin | $79K | +7% | 5,020 |
| New Hampshire | $79K | +6% | 1,190 |
| South Dakota | $79K | +6% | 1,930 |
Track loan officers salary changes
BLS updates this data quarterly. We'll email you when San Francisco-Oakland-Fremont numbers change.
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Frequently asked questions
How much do loan officers make in San Francisco-Oakland-Fremont, CA?
The median is $94,110 a year - that works out to about $45.25 an hour. The range is wide: entry-level workers start around $43,870, and experienced loan officers can clear $199,680. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $94K enough to live in San Francisco-Oakland-Fremont?
On that salary, you'd take home roughly $5,809/month after taxes. A 2-bedroom here rents for about $3,604/month (HUD Fair Market Rent), which eats 62% 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 San Francisco-Oakland-Fremont?
San Francisco-Oakland-Fremont has a Regional Price Parity of 115.61 (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 $81,403 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.