Loan Officers Salary
Loan Officers in West Virginia make a median of $57,580 a year, or about $27.68 an hour. The range runs from $38K at the entry level to $115K for experienced workers. Cost of living is below average (RPP 89.03), which stretches that salary to about $64,675 in buying power. Rent on a 2-bedroom averages $1,008/month, or 26.6% of estimated take-home pay.
Statewide average. Salary and cost of living vary significantly across West Virginia. Jump to a metro for precise data:
So what does $58K get you in West Virginia?
About loan officers
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What this looks like in West Virginia
Pay for loan officers in West Virginia runs about 25% below the U.S. median of $77K. Rent runs $1,008/month for a 2-bedroom (HUD FMR), taking 26.2% of the median take-home. That's within the 30% rule, though not by much. Regional Price Parity sits at 89.03 (national = 100), meaning everyday costs run about 11% cheaper here. Your dollar stretches further than the headline salary suggests. Use the affordability calculator above to model your specific situation.
Compensation breakdown
Annual earnings by percentile, West Virginia
Entry-level loan officers (10th percentile) start around $38K. Mid-career wages sit at $58K. Top earners bring in $115K or more, a $77K spread from bottom to top.
Loan Officers salary by metro in West Virginia
7 metro areas with BLS data, ranked by median pay
| Metro area | Median salary | vs. state | Employment |
|---|---|---|---|
| Morgantown | $67K | +17% | 90 |
| Parkersburg-Vienna | $59K | +3% | 80 |
| Wheeling | $59K | +3% | 110 |
| Charleston | $58K | +1% | 180 |
| Huntington-Ashland | $57K | -1% | 210 |
| Weirton-Steubenville | $52K | -9% | 50 |
| Beckley | $50K | -14% | 60 |
Compare to other states
Track loan officers salary changes
BLS updates this data quarterly. We'll email you when West Virginia numbers change.
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Frequently asked questions
Can a loan officer afford a 2BR apartment alone in West Virginia?
Yes — at the median salary of $58K, rent takes 26.2% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,008/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for loan officers in West Virginia?
The 10th-percentile wage — what new loan officers typically earn — is $38K/year. Take-home on that works out to about $2,270/month. At HUD’s $1,008/month FMR, rent would take 44% 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 West Virginia?
Local pay runs 25% below the national median — $58K here vs. $77K nationally. Cost of living is 11% below the national average, which narrows that gap in real purchasing power.
How does West Virginia compare to the national average for loan officers?
West Virginia pays $58K median vs. the U.S. average of $77K — that’s -25%. After adjusting for local cost of living (RPP 89.03), the purchasing-power equivalent is $65K — below the national median.
How much do loan officers make in West Virginia?
The median is $57,580 a year, that works out to about $28 an hour. But the range is wide: entry-level workers start around $37,830, and experienced loan officers can clear $114,800. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $58K enough to live in West Virginia?
On that salary, you'd take home roughly $3,853/month after taxes. A 2-bedroom here rents for about $1,008/month, which eats 26.2% 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 West Virginia?
West Virginia has a Regional Price Parity of 89.03 (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 $64,675 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.