Loan Officers pay range in Baltimore
New workers and the lowest-paid 10% earn about $33,610 a year or less, while the top 10% make $139,700 or more. The middle half of loan officers in Baltimore earn between $46,690 and $97,290.
- $34K10th
- $47K25th
- $68KMedian
- $97K75th
- $140K90th
median average · bar = middle 50% of workers · how to read it
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $79,620 | $6,635 | $38.28 |
| Median | $68,470 | $5,706 | $32.92 |
| Entry level (25th percentile) | $46,690 | $3,891 | $22.45 |
| Experienced (75th percentile) | $97,290 | $8,108 | $46.77 |
*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.
Loan Officers pay in Baltimore vs. Maryland and the U.S.
Loan officers in Baltimore earn 5% less than the Maryland average ($84,190) and 9% less than the U.S. average ($87,790). At the median the gap is -11% against the U.S. median of $76,690.
| Area | Average | Median | 10th pct. | 90th pct. | Jobs |
|---|---|---|---|---|---|
| Baltimore | $79,620 | $68,470 | $33,610 | $139,700 | 1,810 |
| Maryland | $84,190 | $73,580 | $37,470 | $159,860 | 3,850 |
| United States | $87,790 | $76,690 | $39,430 | $153,180 | 274,330 |
State and U.S. rows: BLS statewide and national estimates, May 2025, which include rural areas.
Loan Officers salary after taxes in Baltimore
On the average salary of $79,620, a single filer in Baltimore takes home about $61,272 a year, or $5,106 a month and $2,357 every two weeks. Taxes take 23% of gross pay.
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2025 rules). Maryland's county income tax (2.25%–3.30%, charged in every county) is not included, so real take-home pay is lower.
Is Baltimore a good place for loan officers? Pay vs. cost of living
Prices in the Baltimore area are 4% above the U.S. average (BEA price parity 104.5), so the average $79,620 buys what about $76,201 would buy in a typical U.S. metro. This job pays 1.2 times the median wage of all jobs in Baltimore ($59,070). A typical home costs $405,877, or 5.1 years of this average salary before tax.
Loan Officers salary in other Maryland cities
Baltimore ranks 2nd of 4 Maryland metro areas for this job; Lexington Park pays the most ($84,780).
- Lexington Park$84,780
- Baltimore$79,620
- Hagerstown$78,000
- Salisbury$73,730
Highest-paying cities for loan officers
Elmira, NY pays this job the most of the metro areas we cover ($129,370).
- Elmira, NY$129,370
- New York, NY$121,180
- Boston, MA$120,300
- San Francisco, CA$116,480
- Norwich, CT$116,460
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Loan Officers salary in Baltimore: questions
How much do loan officers make an hour in Baltimore?
$38.28 an hour on average, and $32.92 at the median (BLS, May 2025).
What is the entry-level loan officers salary in Baltimore?
The lowest-paid 10% earn about $33,610 a year and the 25th percentile is $46,690, a fair guide to starting pay.
What is the loan officers take-home pay in Baltimore?
About $61,272 a year ($5,106 a month) for a single filer on the average salary of $79,620. Maryland's county income tax (2.25%–3.30%, charged in every county) is not included, so real take-home pay is lower.
Do loan officers earn more in Baltimore than elsewhere?
The average here is 9% 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 Baltimore-Columbia-Towson, MD (12580). Relative standard error of the mean wage: 6.4%.
- 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 (2025 rules). Maryland's county income tax (2.25%–3.30%, charged in every county) is not included, so real take-home pay is lower.
- Job concentration: location quotient 0.76, this job is less common than in the U.S. overall (location quotient 0.76).
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