Loan Officers pay range in Buffalo
New workers and the lowest-paid 10% earn about $45,540 a year or less, while the top 10% make $173,730 or more. The middle half of loan officers in Buffalo earn between $58,970 and $102,400.
- $46K10th
- $59K25th
- $76KMedian
- $102K75th
- $174K90th
median average · bar = middle 50% of workers · how to read it
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $92,350 | $7,696 | $44.40 |
| Median | $76,170 | $6,348 | $36.62 |
| Entry level (25th percentile) | $58,970 | $4,914 | $28.35 |
| Experienced (75th percentile) | $102,400 | $8,533 | $49.23 |
*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.
Loan Officers pay in Buffalo vs. New York and the U.S.
Loan officers in Buffalo earn 19% less than the New York average ($114,670) and 5% more than the U.S. average ($87,790). At the median the gap is -1% against the U.S. median of $76,690.
| Area | Average | Median | 10th pct. | 90th pct. | Jobs |
|---|---|---|---|---|---|
| Buffalo | $92,350 | $76,170 | $45,540 | $173,730 | 900 |
| New York | $114,670 | $95,710 | $49,410 | $211,350 | 10,840 |
| 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 Buffalo
On the average salary of $92,350, a single filer in Buffalo takes home about $69,305 a year, or $5,775 a month and $2,666 every two weeks. Taxes take 25% of gross pay.
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2025 rules). New York City (up to 3.876%) and Yonkers income taxes are not included.
Is Buffalo a good place for loan officers? Pay vs. cost of living
Prices in the Buffalo area are 4% below the U.S. average (BEA price parity 95.8), so the average $92,350 buys what about $96,354 would buy in a typical U.S. metro. This job pays 1.5 times the median wage of all jobs in Buffalo ($50,790). A typical home costs $288,316, or 3.1 years of this average salary before tax.
Loan Officers salary in other New York cities
Buffalo ranks 9th of 13 New York metro areas for this job; Elmira pays the most ($129,370).
- Elmira$129,370
- New York$121,180
- Rochester$111,610
- Glens Falls$105,660
- Kiryas Joel$104,720
- Watertown$98,240
- Albany$97,270
- Syracuse$96,130
- Buffalo$92,350
- Binghamton$91,200
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 Buffalo: questions
How much do loan officers make an hour in Buffalo?
$44.40 an hour on average, and $36.62 at the median (BLS, May 2025).
What is the entry-level loan officers salary in Buffalo?
The lowest-paid 10% earn about $45,540 a year and the 25th percentile is $58,970, a fair guide to starting pay.
What is the loan officers take-home pay in Buffalo?
About $69,305 a year ($5,775 a month) for a single filer on the average salary of $92,350. New York City (up to 3.876%) and Yonkers income taxes are not included.
Do loan officers earn more in Buffalo than elsewhere?
The average here is 5% more 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 Buffalo-Cheektowaga, NY (15380). Relative standard error of the mean wage: 2.0%.
- 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). New York City (up to 3.876%) and Yonkers income taxes are not included.
- Job concentration: location quotient 0.96, this job is about as common as in the U.S. overall.
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