SOC 13-2072 · Business and Financial Operations

Loan Officers Salary by City

Loan officers earn the most in Elmira, NY (average $129,370 a year), followed by New York, NY ($121,180) and Boston, MA ($120,300), among the 383 metro areas we cover. Nationwide the average is $87,790 and the median $76,690, for 274,330 workers (May 2025).

$87,790U.S. average
$129Khighest: Elmira, NY
$36Klowest: Aguadilla, PR
383metro areas
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Top 15 cities for loan officers by average salary

Elmira, NY$129,370
New York, NY$121,180
Boston, MA$120,300
San Francisco, CA$116,480
Norwich, CT$116,460
Bridgeport, CT$115,770
Lawrence, KS$114,920
Amherst, MA$114,280
Santa Maria, CA$112,610
Pittsfield, MA$112,060
Rochester, NY$111,610
Minneapolis, MN$110,870
Barnstable, MA$110,380
San Jose, CA$110,240
Enid, OK$110,150
Average annual wage, BLS OEWS May 2025.

Map: Loan Officers salary by metro area

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Map data © OpenStreetMap contributors.

Loan Officers salary by state

Massachusetts pays loan officers the most statewide, $118,390 a year on average. Statewide columns cover every employer in the state; city columns cover the metro areas we publish.

StateStatewide averageStatewide medianJobsMetrosHighest city averageLowest city average
Massachusetts$118,390$101,6004,4706$120,300$104,070
New York$114,670$95,71010,84013$129,370$80,160
Minnesota$104,700$95,1706,4305$110,870$83,980
New Jersey$102,890$92,9206,2003$100,880$91,160
Connecticut$101,710$95,7302,2205$116,460$92,350
Vermont$101,600$88,7103501$101,690$101,690
Oregon$101,000$94,4404,2208$104,370$93,400
Washington, D.C.$100,150$92,8903701$105,520$105,520
Kansas$98,160$86,9703,5404$114,920$98,310
Colorado$97,840$94,5203,2307$103,790$83,430
California$97,120$81,77025,79024$116,480$76,040
New Hampshire$97,080$80,6601,1201$100,880$100,880
Washington$94,320$80,1206,04011$99,260$85,090
Iowa$93,090$83,6702,8408$101,800$78,240
Delaware$92,000$83,1301,4201$72,200$72,200
North Dakota$91,760$84,6501,3704$96,200$88,950
Idaho$90,160$71,0702,0306$102,400$78,190
Virginia$90,090$78,3208,7909$84,360$65,710
Nebraska$89,530$79,8402,7103$96,470$77,100
Illinois$89,350$79,15010,8908$91,650$76,310
Wisconsin$89,090$78,2904,94013$97,710$78,990
Maine$88,830$81,9001,0603$95,560$81,640
Wyoming$87,930$79,6207402$85,300$77,260
Nevada$87,850$64,5002,5803$91,110$67,200
Oklahoma$86,020$72,9904,1004$110,150$71,810
South Dakota$85,970$79,9201,8202$90,800$82,890
Arkansas$85,120$70,2602,6105$105,820$78,960
Georgia$84,980$68,4909,54013$94,940$66,220
Maryland$84,190$73,5803,8504$84,780$73,730
North Carolina$84,160$75,92010,70015$103,370$55,280
Michigan$83,990$74,47011,34014$89,060$62,190
Ohio$83,960$76,3709,88012$97,570$65,770
Alabama$83,410$66,7105,05012$88,910$68,480
Rhode Island$82,690$77,2501,2901$86,280$86,280
Missouri$82,180$73,6607,0508$92,870$72,170
Hawaii$81,330$63,7409802$84,270$72,120
Florida$81,320$71,09018,83021$100,650$65,410
Pennsylvania$80,450$69,3008,14015$86,920$68,180
Texas$79,410$66,37021,20024$92,270$64,070
Indiana$78,980$72,9604,79012$86,640$68,920
South Carolina$77,890$63,2204,1407$86,880$71,390
Montana$77,390$71,5701,1805$87,490$69,430
Arizona$77,060$62,16010,0206$86,690$66,160
New Mexico$75,410$62,6101,1404$73,830$65,530
Kentucky$74,870$62,0903,9406$81,070$65,470
Mississippi$73,480$60,2603,4503$74,670$67,660
Utah$73,370$59,4403,9905$75,960$67,180
Alaska$73,300$72,8004902$72,500$66,700
Louisiana$73,240$61,1102,81010$84,560$64,870
Tennessee$71,590$62,8006,51010$75,860$55,740
West Virginia$66,780$57,5801,2907$75,670$61,780
Puerto Rico$41,490$35,7302,3605$42,220$36,050
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Loan Officers salary in every city we cover

Sort by any column. Each city links to its pay range, take-home pay and cost of living.

Metro areaAverageMedianHourlyJobs
Elmira, NY$129,370$95,050$62.2040
New York, NY$121,180$101,570$58.2610,350
Boston, MA$120,300$103,400$57.843,420
San Francisco, CA$116,480$103,000$56.003,330
Norwich, CT$116,460$96,500$55.9970
Bridgeport, CT$115,770$103,850$55.66560
Lawrence, KS$114,920$100,480$55.2580
Amherst, MA$114,280$96,540$54.9490
Santa Maria, CA$112,610$86,200$54.14180
Pittsfield, MA$112,060$94,920$53.8880
Rochester, NY$111,610$82,280$53.66470
Minneapolis, MN$110,870$102,200$53.303,910
Barnstable, MA$110,380$96,080$53.07110
San Jose, CA$110,240$95,090$53.001,140
Enid, OK$110,150$104,990$52.9640
Napa, CA$108,320$80,070$52.0860
Worcester, MA$108,220$94,220$52.03320
New Haven, CT$107,780$98,930$51.82230
Modesto, CA$106,380$82,250$51.14190
Topeka, KS$106,150$95,330$51.03200
Jonesboro, AR$105,820$94,960$50.8880
Glens Falls, NY$105,660$83,810$50.8040
Washington, DC$105,520$97,800$50.735,000
Rochester, MN$104,910$98,110$50.44170
Kiryas Joel, NY$104,720$79,670$50.35260
Grants Pass, OR$104,370$94,220$50.1850
Springfield, MA$104,070$89,480$50.03150
Salinas, CA$103,980$95,640$49.99140
Wichita, KS$103,920$99,170$49.96700
Denver, CO$103,790$100,130$49.901,970
Vallejo, CA$103,580$83,110$49.80170
Stockton, CA$103,440$79,810$49.73210
Wilmington, NC$103,370$82,340$49.70520
Pocatello, ID$102,400$80,210$49.23250
Salem, OR$102,260$93,410$49.16320
San Luis Obispo, CA$101,810$82,470$48.95100
Des Moines, IA$101,800$101,190$48.94650
Burlington, VT$101,690$80,770$48.89160
Mankato, MN$101,670$94,850$48.88130
Medford, OR$101,590$90,850$48.84130
Waterbury, CT$101,320$95,530$48.71130
Trenton, NJ$100,880$90,430$48.50330
Manchester, NH$100,880$80,260$48.50250
Corvallis, OR$100,700$97,340$48.4270
Homosassa Springs, FL$100,650$78,410$48.3930
Portland, OR$100,600$96,100$48.372,840
Fayetteville, AR$100,490$84,200$48.31500
Seattle, WA$99,260$83,720$47.723,110
St. Cloud, MN$98,860$92,570$47.53300
Iowa City, IA$98,600$98,630$47.41120
Albany, OR$98,480$90,030$47.3560
Manhattan, KS$98,310$87,730$47.27130
Watertown, NY$98,240$81,850$47.2360
Redding, CA$97,870$76,790$47.0580
Milwaukee, WI$97,710$83,660$46.981,180
Dayton, OH$97,570$66,070$46.91440
Tulsa, OK$97,390$79,080$46.82960
Albany, NY$97,270$79,710$46.77560
San Diego, CA$96,890$81,770$46.582,360
Lincoln, NE$96,470$97,770$46.38420
El Centro, CA$96,300$78,350$46.3060
Fargo, ND$96,200$93,640$46.25390
Syracuse, NY$96,130$78,580$46.21300
Ames, IA$96,090$84,470$46.2070
Riverside, CA$95,700$78,710$46.011,500
Lewiston, ME$95,560$96,990$45.94100
Mount Vernon, WA$95,220$84,060$45.7880
Grand Forks, ND$95,050$92,820$45.70100
Brunswick, GA$94,940$76,460$45.6480
Omaha, NE$94,810$80,300$45.58910
Eugene, OR$94,690$80,720$45.53360
Los Angeles, CA$94,540$80,360$45.459,690
Fort Collins, CO$94,400$98,450$45.39160
Santa Rosa, CA$93,840$80,370$45.11290
Bend, OR$93,400$81,720$44.91220
Yakima, WA$93,310$78,850$44.86100
Sacramento, CA$93,070$79,190$44.751,580
Boise, ID$93,070$66,450$44.74810
Deltona, FL$93,000$76,400$44.71280
Racine, WI$92,970$82,400$44.70130
Kansas City, MO$92,870$82,330$44.652,180
Coeur d'Alene, ID$92,840$79,260$44.64190
Atlantic City, NJ$92,600$84,260$44.5290
Wenatchee, WA$92,360$82,170$44.4090
Buffalo, NY$92,350$76,170$44.40900
Hartford, CT$92,350$83,160$44.40920
Victoria, TX$92,270$70,790$44.3660
College Station, TX$92,150$67,060$44.30120
Chicago, IL$91,650$80,040$44.067,380
Fresno, CA$91,550$78,060$44.02470
Sioux City, IA$91,340$81,780$43.92140
Portland, ME$91,310$84,620$43.90430
Binghamton, NY$91,200$68,680$43.8580
Appleton, WI$91,170$79,650$43.83180
Vineland, NJ$91,160$78,540$43.8350
Las Vegas, NV$91,110$65,550$43.801,920
Yuba City, CA$91,030$77,770$43.7780
Atlanta, GA$90,990$76,340$43.745,550
Madison, WI$90,840$78,840$43.67650
Ithaca, NY$90,820$75,060$43.6660
Naples, FL$90,810$76,300$43.66210
Sioux Falls, SD$90,800$81,380$43.66690
Cedar Rapids, IA$90,770$85,990$43.64190
Springfield, IL$90,720$78,600$43.61190
Fond du Lac, WI$90,590$79,180$43.5590
Bremerton, WA$90,570$75,010$43.54140
Green Bay, WI$90,540$78,920$43.53240
Bismarck, ND$90,020$83,380$43.28220
Charlotte, NC$89,980$78,200$43.264,080
Bakersfield, CA$89,890$76,500$43.22290
Sherman, TX$89,410$69,900$42.9850
Wausau, WI$89,350$80,080$42.96130
Champaign, IL$89,240$78,950$42.91210
Columbus, OH$89,080$82,160$42.832,410
Kalamazoo, MI$89,060$72,330$42.82140
Minot, ND$88,950$79,720$42.77100
Auburn, AL$88,910$71,860$42.74130
Decatur, AL$88,700$69,800$42.64120
Spokane, WA$88,620$77,220$42.61680
Punta Gorda, FL$88,320$71,920$42.4660
Fort Myers, FL$88,290$72,770$42.45400
Peoria, IL$88,140$74,530$42.38270
Lansing, MI$88,080$72,890$42.35420
Pueblo, CO$88,050$87,110$42.3340
Greeley, CO$87,840$79,660$42.2380
Janesville, WI$87,750$76,910$42.19100
Sheboygan, WI$87,680$78,820$42.1550
Huntsville, AL$87,610$76,970$42.12320
Walla Walla, WA$87,530$82,730$42.0860
Bozeman, MT$87,490$78,270$42.06110
Hot Springs, AR$87,370$83,990$42.0170
Midland, TX$87,100$72,030$41.8880
Chico, CA$87,030$68,170$41.8480
St. Louis, MO$86,970$74,510$41.812,690
Bellingham, WA$86,930$77,670$41.79210
Philadelphia, PA$86,920$77,590$41.794,660
Tuscaloosa, AL$86,920$64,080$41.79250
Charleston, SC$86,880$65,580$41.77700
Kenosha, WI$86,880$77,860$41.7760
Kennewick, WA$86,690$72,690$41.68230
Flagstaff, AZ$86,690$78,810$41.6860
Lafayette, IN$86,640$75,980$41.65110
Springfield, MO$86,580$76,040$41.62480
Santa Cruz, CA$86,360$78,940$41.5270
Providence, RI$86,280$78,500$41.481,460
Detroit, MI$85,940$76,260$41.327,200
Raleigh, NC$85,830$77,330$41.271,560
Colorado Springs, CO$85,710$79,770$41.21380
Eau Claire, WI$85,670$74,670$41.19130
Birmingham, AL$85,420$66,740$41.071,730
Lewiston, ID$85,330$74,190$41.0360
Longview, WA$85,320$78,940$41.0290
Casper, WY$85,300$76,400$41.01100
Olympia, WA$85,090$74,130$40.91200
Boulder, CO$85,090$78,250$40.9190
Ocala, FL$84,930$66,310$40.83120
Houston, TX$84,830$67,560$40.783,410
Lexington Park, MD$84,780$64,390$40.7670
Montgomery, AL$84,760$63,510$40.75380
Lancaster, PA$84,620$74,450$40.68280
Cleveland, OH$84,600$77,730$40.671,920
Slidell, LA$84,560$73,070$40.66150
Merced, CA$84,490$78,940$40.6290
Blacksburg, VA$84,360$85,610$40.5690
Houma, LA$84,360$62,530$40.56110
Honolulu, HI$84,270$69,150$40.51740
Cincinnati, OH$84,260$75,300$40.512,060
Lakeland, FL$84,180$75,400$40.47490
Port St. Lucie, FL$84,040$73,920$40.40180
Duluth, MN$83,980$73,240$40.37200
Pinehurst, NC$83,820$66,060$40.3050
Dubuque, IA$83,810$76,170$40.29110
Warner Robins, GA$83,760$63,270$40.27130
Waco, TX$83,600$68,210$40.19120
Oklahoma City, OK$83,570$66,480$40.181,460
Miami, FL$83,450$71,510$40.124,190
Grand Junction, CO$83,430$74,080$40.1160
La Crosse, WI$83,240$76,370$40.02170
Visalia, CA$83,160$75,770$39.98140
Rockford, IL$83,070$75,880$39.9490
Dothan, AL$83,070$66,230$39.94150
Rapid City, SD$82,890$78,470$39.85220
Allentown, PA$82,690$66,480$39.76290
Kingston, NY$82,640$65,870$39.7380
Grand Rapids, MI$82,320$71,760$39.58790
Goldsboro, NC$82,180$67,370$39.5160
Davenport, IA$82,160$75,380$39.50350
Brownsville, TX$82,070$64,000$39.46100
Mobile, AL$82,050$72,860$39.45260
Ann Arbor, MI$81,990$77,820$39.42320
Lubbock, TX$81,930$63,520$39.39280
Columbia, MO$81,810$81,850$39.33450
Scranton, PA$81,740$74,430$39.30300
Panama City, FL$81,700$74,220$39.28130
Bangor, ME$81,640$75,860$39.25120
Florence, AL$81,550$63,870$39.21150
Cape Girardeau, MO$81,280$76,400$39.0870
Asheville, NC$81,260$76,070$39.07190
Elkhart, IN$81,210$74,060$39.04110
Lexington, KY$81,070$63,760$38.98420
Sarasota, FL$80,950$62,210$38.92430
Pittsburgh, PA$80,930$73,360$38.911,440
Jacksonville, FL$80,850$64,960$38.872,140
Columbia, SC$80,850$64,660$38.87570
Hickory, NC$80,750$63,420$38.82130
Gainesville, FL$80,640$68,810$38.77140
Tampa, FL$80,390$72,220$38.653,850
Daphne, AL$80,320$66,250$38.61180
Missoula, MT$80,220$72,550$38.57190
Utica, NY$80,160$61,910$38.54170
Dallas, TX$80,100$73,930$38.518,370
Winston-Salem, NC$80,040$73,070$38.48300
Indianapolis, IN$80,020$74,790$38.471,690
Reno, NV$79,990$62,180$38.46380
Reading, PA$79,820$62,630$38.38180
Idaho Falls, ID$79,730$59,040$38.33180
York, PA$79,720$62,030$38.33130
Baltimore, MD$79,620$68,470$38.281,810
Orlando, FL$79,580$67,460$38.262,260
Tyler, TX$79,560$51,870$38.25130
Rome, GA$79,490$62,660$38.2280
Dalton, GA$79,320$61,310$38.1350
Bowling Green, KY$79,080$71,020$38.02170
Fort Smith, AR$79,050$61,050$38.00180
Oshkosh, WI$78,990$63,600$37.98280
Little Rock, AR$78,960$62,720$37.96660
Richmond, VA$78,940$69,610$37.951,480
Myrtle Beach, SC$78,920$65,170$37.94240
Kankakee, IL$78,760$62,570$37.8780
Longview, TX$78,620$66,620$37.80180
Joplin, MO$78,600$70,170$37.79140
San Antonio, TX$78,390$66,810$37.691,510
Waterloo, IA$78,240$72,990$37.62190
Winchester, VA$78,220$63,320$37.61280
Twin Falls, ID$78,190$60,640$37.59120
Evansville, IN$78,110$63,560$37.55240
Harrisburg, PA$78,090$66,500$37.54450
Hagerstown, MD$78,000$62,060$37.50120
New Orleans, LA$77,830$62,240$37.42470
Savannah, GA$77,830$59,980$37.42230
Laredo, TX$77,750$64,170$37.3850
Sandusky, OH$77,720$74,960$37.3760
Decatur, IL$77,650$75,190$37.3390
Louisville, KY$77,620$64,460$37.321,120
Palm Bay, FL$77,520$71,450$37.27220
Virginia Beach, VA$77,520$64,080$37.271,260
Harrisonburg, VA$77,500$65,010$37.26100
Lebanon, PA$77,460$74,380$37.2450
Cheyenne, WY$77,260$64,050$37.15170
Prescott Valley, AZ$77,240$59,860$37.1370
Grand Island, NE$77,100$72,310$37.07130
McAllen, TX$76,900$61,500$36.97250
Fayetteville, NC$76,640$69,410$36.85150
Springfield, OH$76,600$62,860$36.8330
St. Joseph, MO$76,560$63,080$36.8180
Phoenix, AZ$76,460$61,850$36.768,350
Bloomington, IN$76,420$62,720$36.7490
Great Falls, MT$76,420$63,460$36.7470
Macon, GA$76,420$59,940$36.74130
Lima, OH$76,400$62,430$36.7370
Bloomington, IL$76,310$67,140$36.69160
Sebastian, FL$76,060$66,300$36.57110
Florence, SC$76,060$60,670$36.57130
Oxnard, CA$76,040$64,470$36.561,010
Muskegon, MI$75,980$62,190$36.5360
Salt Lake City, UT$75,960$61,150$36.52n/a
Wildwood, FL$75,920$59,050$36.5050
Anniston, AL$75,880$61,740$36.48100
Memphis, TN$75,860$63,250$36.47930
Greenville, SC$75,690$61,990$36.39790
Morgantown, WV$75,670$67,440$36.3890
Helena, MT$75,520$64,740$36.31140
Paducah, KY$75,490$60,080$36.2990
Tucson, AZ$75,490$58,440$36.29500
Niles, MI$75,470$64,250$36.29130
Akron, OH$75,340$72,080$36.22270
Durham, NC$75,160$64,130$36.14360
Austin, TX$75,140$59,210$36.131,890
Yuma, AZ$75,000$61,110$36.0680
Traverse City, MI$74,970$63,820$36.04130
Logan, UT$74,960$59,490$36.0490
Muncie, IN$74,930$63,460$36.02150
Crestview, FL$74,840$62,890$35.98270
Johnstown, PA$74,840$68,820$35.9870
Jackson, MI$74,700$60,540$35.91110
Jackson, MS$74,670$61,110$35.90810
Valdosta, GA$74,590$62,850$35.86110
Elizabethtown, KY$74,370$64,090$35.75130
Roanoke, VA$74,350$64,720$35.75320
Terre Haute, IN$74,350$74,890$35.7570
Chambersburg, PA$74,230$62,770$35.6980
Johnson City, TN$74,210$63,590$35.68190
Toledo, OH$74,080$74,400$35.62320
Greenville, NC$73,960$63,340$35.5680
Albuquerque, NM$73,830$62,250$35.50630
Salisbury, MD$73,730$60,700$35.4550
Athens, GA$73,690$64,780$35.43140
Flint, MI$73,450$65,050$35.31230
San Angelo, TX$73,270$60,860$35.2250
Nashville, TN$73,240$62,800$35.211,770
Hilton Head Island, SC$73,130$61,920$35.16130
State College, PA$72,790$59,540$35.0050
Pensacola, FL$72,770$65,030$34.99790
Fort Wayne, IN$72,560$63,320$34.88410
Augusta, GA$72,530$59,660$34.87270
Anchorage, AK$72,500$72,800$34.86370
Kokomo, IN$72,490$60,780$34.8560
Gainesville, GA$72,420$47,610$34.82170
Knoxville, TN$72,220$63,830$34.72930
Dover, DE$72,200$58,540$34.71160
Jefferson City, MO$72,170$64,430$34.70270
Kahului, HI$72,120$58,140$34.6760
Columbus, GA$71,880$50,010$34.56170
Lawton, OK$71,810$59,640$34.52110
Huntington, WV$71,550$57,000$34.40210
Michigan City, IN$71,410$59,700$34.3360
Spartanburg, SC$71,390$61,430$34.32140
Monroe, MI$71,060$56,450$34.1630
Saginaw, MI$70,860$62,740$34.07140
Midland, MI$70,850$66,880$34.0660
Chattanooga, TN$70,670$62,460$33.98480
Wichita Falls, TX$70,630$58,240$33.9670
Amarillo, TX$70,560$61,160$33.93160
Las Cruces, NM$70,500$61,110$33.9080
Hattiesburg, MS$70,460$58,560$33.87300
Youngstown, OH$70,360$60,530$33.83100
Killeen, TX$70,330$60,750$33.81170
Clarksville, TN$70,330$60,270$33.81210
South Bend, IN$70,260$63,130$33.78160
Lafayette, LA$70,130$58,960$33.72340
Rocky Mount, NC$69,790$64,040$33.5590
Greensboro, NC$69,570$58,400$33.45970
Altoona, PA$69,480$62,150$33.4090
Billings, MT$69,430$61,350$33.38210
Provo, UT$69,390$56,570$33.36700
St. George, UT$69,180$51,760$33.26130
Santa Fe, NM$69,140$52,960$33.24120
Jacksonville, NC$69,060$57,920$33.2080
Baton Rouge, LA$69,040$59,080$33.19570
Columbus, IN$68,920$59,040$33.1450
Hammond, LA$68,830$61,180$33.0980
Gadsden, AL$68,480$54,360$32.92100
Erie, PA$68,440$54,530$32.91130
Mansfield, OH$68,400$60,750$32.8850
Shreveport, LA$68,290$52,730$32.83220
Williamsport, PA$68,180$60,600$32.7870
Corpus Christi, TX$68,010$55,530$32.70250
Gulfport, MS$67,660$56,640$32.53400
Staunton, VA$67,460$63,390$32.4370
Lynchburg, VA$67,250$58,550$32.33140
Carson City, NV$67,200$50,690$32.3160
Ogden, UT$67,180$50,410$32.30480
Wheeling, WV$66,920$59,060$32.18110
Abilene, TX$66,910$55,230$32.17150
Texarkana, TX$66,740$58,350$32.0990
Fairbanks, AK$66,700$64,990$32.0750
Beaumont, TX$66,270$60,440$31.86200
Alexandria, LA$66,260$60,150$31.86110
Albany, GA$66,220$55,550$31.84110
Lake Havasu City, AZ$66,160$55,180$31.8190
Jackson, TN$65,980$61,500$31.72150
Canton, OH$65,770$57,720$31.62240
Charlottesville, VA$65,710$60,610$31.59480
Lake Charles, LA$65,660$56,550$31.57130
Farmington, NM$65,530$58,740$31.5140
Charleston, WV$65,500$58,390$31.49180
Owensboro, KY$65,470$58,730$31.48200
Tallahassee, FL$65,410$61,270$31.45290
Beckley, WV$65,210$49,680$31.3560
Monroe, LA$64,870$59,150$31.19190
El Paso, TX$64,070$58,910$30.80370
Parkersburg, WV$63,520$59,180$30.5480
Battle Creek, MI$62,190$59,640$29.9070
Kingsport, TN$61,810$60,250$29.72260
Weirton, WV$61,780$52,380$29.7050
Cleveland, TN$60,100$57,010$28.8990
Morristown, TN$55,740$47,130$26.8050
Burlington, NC$55,280$52,590$26.58160
San Juan, PR$42,220$35,850$20.301,990
Mayaguez, PR$40,400$35,890$19.4270
Ponce, PR$38,020$32,070$18.2890
Arecibo, PR$37,530$34,900$18.0570
Aguadilla, PR$36,050$32,930$17.3370

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Loan Officers salary: questions

Where do loan officers make the most money?

In Elmira, NY, with an average of $129,370 a year, among the 383 metro areas we cover.

What is the average loan officers salary in the U.S.?

$87,790 a year nationwide (BLS OEWS national estimates, May 2025); the median is $76,690, so half of loan officers earn more than that and half less.

What salary should loan officers ask for?

Start from the figures for your city: the middle half of loan officers nationwide earn between $52,730 (25th percentile) and $104,080 (75th percentile). Newer workers usually start near the 25th percentile and experienced ones can ask for the 75th; each city page shows the local range. See how to read salary percentiles.

Which state pays loan officers the most?

Massachusetts, with a statewide average of $118,390 a year (BLS state estimates, May 2025).

Where is loan officers pay the lowest?

Aguadilla, PR, at $36,050 a year on average. Lower pay often comes with lower prices: check the cost of living on each city page.

Sources and how to read this page

Read the full methodology. Spotted an error? Tell us.