Loan Officers Salary
Loan Officers in Tucson, AZ make a median of $58,440 a year, or about $28.1 an hour. The range runs from $32K at the entry level to $145K for experienced workers. Adjusted for local prices (RPP 96.9), that's roughly $60,310 in purchasing power. A 2-bedroom apartment runs $1,402/month, about 35.8% of take-home, which is tight.
So what does $58K get you in Tucson?
Groceries, utilities, transportation, and healthcare scaled from national averages by Tucson’s Regional Price Parity (96.9). 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 Tucson
Pay for loan officers in Tucson runs about 24% below the U.S. median of $77K. The catch: housing math doesn't keep up. A 2-bedroom at the HUD median rents for $1,402/month, which is 35.4% of the median worker's take-home, past the 30% guideline most planners use. Cost of living (RPP 96.9) is near the national average, so spending patterns here track the typical American budget fairly closely. That combination, below-market pay with high housing costs, makes this a financially demanding market for loan officerss.
Compared to nearby metros
Median pay for loan officers in metros near Tucson, adjusted for local cost of living.
| Metro | Median pay | COL-adjusted |
|---|---|---|
| Phoenix-Mesa-Chandler | $62K | $60K |
| Lake Havasu City-Kingman | $55K | $59K |
| Yuma | $61K | $66K |
| Prescott Valley-Prescott | $60K | $61K |
COL-adjusted = median salary ÷ (BEA Regional Price Parity ÷ 100). Expresses purchasing power in national-average dollars.
Compensation breakdown
Annual earnings by percentile, Tucson, AZ
Entry-level loan officers (10th percentile) start around $32K. Mid-career wages sit at $58K. Top earners bring in $145K or more, a $114K 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 Tucson?
It’s a stretch — at the median salary of $58K, rent takes 35.4% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,402/month. The 30% guideline puts the comfortable ceiling at roughly $1,200/month in rent — so roommates or a 1-bedroom would ease the math significantly.
What’s the entry-level salary for loan officers in Tucson?
The 10th-percentile wage — what new loan officers typically earn — is $32K/year. Take-home on that works out to about $1,900/month. At HUD’s $1,402/month FMR, rent would take 74% 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 Tucson?
Local pay runs 24% below the national median — $58K here vs. $77K nationally.
How does Tucson compare to the national average for loan officers?
Tucson pays $58K median vs. the U.S. average of $77K — that’s -24%. After adjusting for local cost of living (RPP 96.9), the purchasing-power equivalent is $60K — below the national median.
How much do loan officers make in Tucson, AZ?
The median is $58,440 a year, that works out to about $28 an hour. But the range is wide: entry-level workers start around $31,660, and experienced loan officers can clear $145,450. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $58K enough to live in Tucson?
On that salary, you'd take home roughly $3,961/month after taxes. A 2-bedroom here rents for about $1,402/month, which eats 35.4% 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 Tucson?
Tucson has a Regional Price Parity of 96.9 (100 is the national average). That's below average, your money stretches further here than the raw salary number suggests. After cost-of-living adjustment, the median loan officers salary is worth about $60,310 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.