SOC 13-2072 · Bangor, ME metro

Loan Officers Salary in Bangor, ME

The average salary for loan officers in Bangor, Maine is $81,640 a year ($39.25 an hour), according to BLS estimates for May 2025. The median is $75,860: half of the 120 people in this job in the Bangor, ME metro area earn more than that, half earn less. That average is 7% less than the U.S. average for this job ($87,790).

$81,640average per year

$39.25 / hourMedian $75,860Take-home ≈ $62,431

  • $44K10th
  • $57K25th
  • $76KMedian
  • $96K75th
  • $130K90th

median average · bar = middle 50% of workers · how to read it

120people in this job
-7%vs U.S. average
#3 of 3Maine metros
97cost of living (U.S. = 100)
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Loan Officers pay range in Bangor

New workers and the lowest-paid 10% earn about $44,480 a year or less, while the top 10% make $129,590 or more. The middle half of loan officers in Bangor earn between $56,650 and $96,240.

  • $44K10th
  • $57K25th
  • $76KMedian
  • $96K75th
  • $130K90th

median average · bar = middle 50% of workers · how to read it

Pay levelPer yearPer monthPer hour*
Average$81,640$6,803$39.25
Median$75,860$6,322$36.47
Entry level (25th percentile)$56,650$4,721$27.24
Experienced (75th percentile)$96,240$8,020$46.27

*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.

Loan Officers pay in Bangor vs. Maine and the U.S.

Loan officers in Bangor earn 8% less than the Maine average ($88,830) and 7% less than the U.S. average ($87,790). At the median the gap is -1% against the U.S. median of $76,690.

AreaAverageMedian10th pct.90th pct.Jobs
Bangor$81,640$75,860$44,480$129,590120
Maine$88,830$81,900$46,710$140,6801,060
United States$87,790$76,690$39,430$153,180274,330

State and U.S. rows: BLS statewide and national estimates, May 2025, which include rural areas.

Loan Officers salary after taxes in Bangor

On the average salary of $81,640, a single filer in Bangor takes home about $62,431 a year, or $5,203 a month and $2,401 every two weeks. Taxes take 24% of gross pay.

Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2026 rules). Maine's standard deduction phase-out above $102,250 of income is not modelled.

Maine paycheck calculator: try your own salary

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Is Bangor a good place for loan officers? Pay vs. cost of living

Prices in the Bangor area are 3% below the U.S. average (BEA price parity 96.5), so the average $81,640 buys what about $84,594 would buy in a typical U.S. metro. This job pays 1.6 times the median wage of all jobs in Bangor ($47,960). A typical home costs $280,733, or 3.4 years of this average salary before tax.

See what $81,640 is worth in another city

Loan Officers salary in other Maine cities

Bangor ranks 3rd of 3 Maine metro areas for this job; Lewiston pays the most ($95,560).

All Loan Officers salaries in Maine

Highest-paying cities for loan officers

Elmira, NY pays this job the most of the metro areas we cover ($129,370).

Loan Officers salary by city

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Reviewed before it counts. Loan Officers in Bangor, ME.

Loan Officers salary in Bangor: questions

How much do loan officers make an hour in Bangor?

$39.25 an hour on average, and $36.47 at the median (BLS, May 2025).

What is the entry-level loan officers salary in Bangor?

The lowest-paid 10% earn about $44,480 a year and the 25th percentile is $56,650, a fair guide to starting pay.

What is the loan officers take-home pay in Bangor?

About $62,431 a year ($5,203 a month) for a single filer on the average salary of $81,640. Maine's standard deduction phase-out above $102,250 of income is not modelled.

Do loan officers earn more in Bangor than elsewhere?

The average here is 7% less than the U.S. average for this job ($87,790).

Sources and how to read this page

  • Wages: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates for metropolitan areas. SOC code 13-2072; area Bangor, ME (12620). Relative standard error of the mean wage: 3.7%.
  • U.S. and statewide figures: BLS OEWS national and state estimates, May 2025, every employer including rural areas.
  • Cost of living: Bureau of Economic Analysis regional price parities (RPP), 2024; 100 = U.S. average.
  • Home value: Zillow Home Value Index. Typical-wage figure: OEWS all occupations, same metro.
  • Take-home pay: Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2026 rules). Maine's standard deduction phase-out above $102,250 of income is not modelled.
  • Job concentration: location quotient 0.98, this job is about as common as in the U.S. overall.

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