Loan Officers Salary
Loan Officers in Washington make a median of $80,120 a year, or about $38.52 an hour. The range runs from $39K at the entry level to $162K for experienced workers. Adjusted for local prices (RPP 102.01), that's roughly $78,541 in purchasing power. A 2-bedroom apartment runs $1,830/month, about 34.1% of take-home, which is tight.
Statewide average. Salary and cost of living vary significantly across Washington. Jump to a metro for precise data:
So what does $80K get you in Washington?
About loan officers
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What this looks like in Washington
Loan officers pay in Washington tracks closely to the national median, $80K locally vs. $77K nationwide, a 4% difference. Rent runs $1,830/month for a 2-bedroom (HUD FMR), taking 33.9% of the median take-home. That's within the 30% rule, though not by much. Cost of living (RPP 102.01) is near the national average, so spending patterns here track the typical American budget fairly closely. Pay and costs are both near average, leaving limited margin for savings at the median wage.
Compensation breakdown
Annual earnings by percentile, Washington
Entry-level loan officers (10th percentile) start around $39K. Mid-career wages sit at $80K. Top earners bring in $162K or more, a $123K spread from bottom to top.
Loan Officers salary by metro in Washington
11 metro areas with BLS data, ranked by median pay
| Metro area | Median salary | vs. state | Employment |
|---|---|---|---|
| Mount Vernon-Anacortes | $84K | +5% | 80 |
| Seattle-Tacoma-Bellevue | $84K | +4% | 3,110 |
| Walla Walla | $83K | +3% | 60 |
| Wenatchee-East Wenatchee | $82K | +3% | 90 |
| Longview-Kelso | $79K | -1% | 90 |
| Yakima | $79K | -2% | 100 |
| Bellingham | $78K | -3% | 210 |
| Spokane-Spokane Valley | $77K | -4% | 680 |
| Bremerton-Silverdale-Port Orchard | $75K | -6% | 140 |
| Olympia-Lacey-Tumwater | $74K | -7% | 200 |
| Kennewick-Richland | $73K | -9% | 230 |
Showing 1–10 of 11 metros
Compare to other states
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BLS updates this data quarterly. We'll email you when Washington numbers change.
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Frequently asked questions
Can a loan officer afford a 2BR apartment alone in Washington?
It’s a stretch — at the median salary of $80K, rent takes 33.9% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,830/month. The 30% guideline puts the comfortable ceiling at roughly $1,600/month in rent — so roommates or a 1-bedroom would ease the math significantly.
What’s the entry-level salary for loan officers in Washington?
The 10th-percentile wage — what new loan officers typically earn — is $39K/year. Take-home on that works out to about $2,340/month. At HUD’s $1,830/month FMR, rent would take 78% 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 Washington?
Pay here is roughly in line with the national average — $80K locally vs. $77K nationally, a 4% difference.
How does Washington compare to the national average for loan officers?
Washington pays $80K median vs. the U.S. average of $77K — that’s +4%. After adjusting for local cost of living (RPP 102.01), the purchasing-power equivalent is $79K — still ahead of the national median.
How much do loan officers make in Washington?
The median is $80,120 a year, that works out to about $39 an hour. But the range is wide: entry-level workers start around $39,000, and experienced loan officers can clear $162,240. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $80K enough to live in Washington?
On that salary, you'd take home roughly $5,396/month after taxes. A 2-bedroom here rents for about $1,830/month, which eats 33.9% 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 Washington?
Washington has a Regional Price Parity of 102.01 (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 $78,541 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.