Loan Officers Salary
Loan Officers in Spokane-Spokane Valley, WA make a median of $77,220 a year, or about $37.12 an hour. The range runs from $42K at the entry level to $150K for experienced workers. Adjusted for local prices (RPP 100.35), that's roughly $76,951 in purchasing power. Rent on a 2-bedroom averages $1,131/month, or 21.1% of estimated take-home pay.
So what does $77K get you in Spokane-Spokane Valley?
Groceries, utilities, transportation, and healthcare scaled from national averages by Spokane-Spokane Valley’s Regional Price Parity (100.35). 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 Spokane-Spokane Valley
Loan officers pay in Spokane-Spokane Valley tracks closely to the national median, $77K locally vs. $77K nationwide, a 1% difference. Housing is manageable: a 2-bedroom at the HUD median costs $1,131/month, 21.6% of take-home, well inside the 30% guideline. Cost of living (RPP 100.35) 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 Spokane-Spokane Valley, adjusted for local cost of living.
| Metro | Median pay | COL-adjusted |
|---|---|---|
| Seattle-Tacoma-Bellevue | $84K | $75K |
| Kennewick-Richland | $73K | $73K |
| Bellingham | $78K | $75K |
| Olympia-Lacey-Tumwater | $74K | $72K |
COL-adjusted = median salary ÷ (BEA Regional Price Parity ÷ 100). Expresses purchasing power in national-average dollars.
Compensation breakdown
Annual earnings by percentile, Spokane-Spokane Valley, WA
Entry-level loan officers (10th percentile) start around $42K. Mid-career wages sit at $77K. Top earners bring in $150K or more, a $108K 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 Spokane-Spokane Valley numbers change.
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Frequently asked questions
Can a loan officer afford a 2BR apartment alone in Spokane-Spokane Valley?
Yes — at the median salary of $77K, rent takes 21.6% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,131/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for loan officers in Spokane-Spokane Valley?
The 10th-percentile wage — what new loan officers typically earn — is $42K/year. Take-home on that works out to about $2,520/month. At HUD’s $1,131/month FMR, rent would take 45% 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 Spokane-Spokane Valley?
Pay here is roughly in line with the national average — $77K locally vs. $77K nationally, a 1% difference.
How does Spokane-Spokane Valley compare to the national average for loan officers?
Spokane-Spokane Valley pays $77K median vs. the U.S. average of $77K — that’s +1%. After adjusting for local cost of living (RPP 100.35), the purchasing-power equivalent is $77K — still ahead of the national median.
How much do loan officers make in Spokane-Spokane Valley, WA?
The median is $77,220 a year, that works out to about $37 an hour. But the range is wide: entry-level workers start around $42,000, and experienced loan officers can clear $149,760. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $77K enough to live in Spokane-Spokane Valley?
On that salary, you'd take home roughly $5,226/month after taxes. A 2-bedroom here rents for about $1,131/month, which eats 21.6% 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 Spokane-Spokane Valley?
Spokane-Spokane Valley has a Regional Price Parity of 100.35 (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 $76,951 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.