Loan Officers Salary
Loan Officers in San Jose-Sunnyvale-Santa Clara, CA make a median of $95,090 a year, or about $45.71 an hour. The range runs from $41K at the entry level to $206K for experienced workers. Prices run high here (RPP 110.42), so that salary is closer to $86,117 in real purchasing power. A 2-bedroom apartment runs $3,483/month, about 58.3% of take-home, which is tight.
So what does $95K get you in San Jose-Sunnyvale-Santa Clara?
Groceries, utilities, transportation, and healthcare scaled from national averages by San Jose-Sunnyvale-Santa Clara’s Regional Price Parity (110.42). 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 San Jose-Sunnyvale-Santa Clara
San Jose-Sunnyvale-Santa Clara sits well above the national pay line for loan officers, local pay runs about 24% higher than the U.S. median of $77K. The catch: housing math doesn't keep up. A 2-bedroom at the HUD median rents for $3,483/month, which is 59.5% of the median worker's take-home, past the 30% guideline most planners use. Cost-of-living overall is 10% above the national average (BEA RPP 110.42), so groceries and services cost more too. The pay premium is real, but so are the offsets.
Compared to nearby metros
Median pay for loan officers in metros near San Jose-Sunnyvale-Santa Clara, adjusted for local cost of living.
| Metro | Median pay | COL-adjusted |
|---|---|---|
| Los Angeles-Long Beach-Anaheim | $80K | $71K |
| San Francisco-Oakland-Fremont | $103K | $89K |
| San Diego-Chula Vista-Carlsbad | $82K | $73K |
| Sacramento-Roseville-Folsom | $79K | $74K |
COL-adjusted = median salary ÷ (BEA Regional Price Parity ÷ 100). Expresses purchasing power in national-average dollars.
Compensation breakdown
Annual earnings by percentile, San Jose-Sunnyvale-Santa Clara, CA
Entry-level loan officers (10th percentile) start around $41K. Mid-career wages sit at $95K. Top earners bring in $206K or more, a $165K 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 San Jose-Sunnyvale-Santa Clara numbers change.
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Frequently asked questions
Can a loan officer afford a 2BR apartment alone in San Jose-Sunnyvale-Santa Clara?
It’s a stretch — at the median salary of $95K, rent takes 59.5% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $3,483/month. The 30% guideline puts the comfortable ceiling at roughly $1,800/month in rent — so roommates or a 1-bedroom would ease the math significantly.
What’s the entry-level salary for loan officers in San Jose-Sunnyvale-Santa Clara?
The 10th-percentile wage — what new loan officers typically earn — is $41K/year. Take-home on that works out to about $2,434/month. At HUD’s $3,483/month FMR, rent would take 143% 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 San Jose-Sunnyvale-Santa Clara?
Local pay is 24% above the national median — $95K here vs. $77K nationally. Keep in mind cost of living here is 10% above the national average, which offsets some of that premium.
How does San Jose-Sunnyvale-Santa Clara compare to the national average for loan officers?
San Jose-Sunnyvale-Santa Clara pays $95K median vs. the U.S. average of $77K — that’s +24%. After adjusting for local cost of living (RPP 110.42), the purchasing-power equivalent is $86K — still ahead of the national median.
How much do loan officers make in San Jose-Sunnyvale-Santa Clara, CA?
The median is $95,090 a year, that works out to about $46 an hour. But the range is wide: entry-level workers start around $40,570, and experienced loan officers can clear $205,560. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $95K enough to live in San Jose-Sunnyvale-Santa Clara?
On that salary, you'd take home roughly $5,858/month after taxes. A 2-bedroom here rents for about $3,483/month, which eats 59.5% 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 Jose-Sunnyvale-Santa Clara?
San Jose-Sunnyvale-Santa Clara has a Regional Price Parity of 110.42 (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 $86,117 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.