Loan Officers pay range in Salem
New workers and the lowest-paid 10% earn about $54,670 a year or less, while the top 10% make $179,320 or more. The middle half of loan officers in Salem earn between $66,620 and $117,920.
- $55K10th
- $67K25th
- $93KMedian
- $118K75th
- $179K90th
median average · bar = middle 50% of workers · how to read it
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $102,260 | $8,522 | $49.16 |
| Median | $93,410 | $7,784 | $44.91 |
| Entry level (25th percentile) | $66,620 | $5,552 | $32.03 |
| Experienced (75th percentile) | $117,920 | $9,827 | $56.69 |
*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.
Loan Officers pay in Salem vs. Oregon and the U.S.
Loan officers in Salem earn about the same as the Oregon average ($101,000) and 16% more than the U.S. average ($87,790). At the median the gap is +22% against the U.S. median of $76,690.
| Area | Average | Median | 10th pct. | 90th pct. | Jobs |
|---|---|---|---|---|---|
| Salem | $102,260 | $93,410 | $54,670 | $179,320 | 320 |
| Oregon | $101,000 | $94,440 | $48,240 | $161,250 | 4,220 |
| 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 Salem
On the average salary of $102,260, a single filer in Salem takes home about $73,123 a year, or $6,094 a month and $2,812 every two weeks. Taxes take 28% of gross pay.
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2025 rules). Portland-area Metro and Multnomah County taxes and the 0.1% statewide transit tax are not included.
Is Salem a good place for loan officers? Pay vs. cost of living
Prices in the Salem area are 4% above the U.S. average (BEA price parity 103.6), so the average $102,260 buys what about $98,660 would buy in a typical U.S. metro. This job pays 1.7 times the median wage of all jobs in Salem ($55,310). A typical home costs $454,689, or 4.4 years of this average salary before tax.
Loan Officers salary in other Oregon cities
Salem ranks 2nd of 8 Oregon metro areas for this job; Grants Pass pays the most ($104,370).
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 Salem: questions
How much do loan officers make an hour in Salem?
$49.16 an hour on average, and $44.91 at the median (BLS, May 2025).
What is the entry-level loan officers salary in Salem?
The lowest-paid 10% earn about $54,670 a year and the 25th percentile is $66,620, a fair guide to starting pay.
What is the loan officers take-home pay in Salem?
About $73,123 a year ($6,094 a month) for a single filer on the average salary of $102,260. Portland-area Metro and Multnomah County taxes and the 0.1% statewide transit tax are not included.
Do loan officers earn more in Salem than elsewhere?
The average here is 16% 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 Salem, OR (41420). Relative standard error of the mean wage: 4.1%.
- 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). Portland-area Metro and Multnomah County taxes and the 0.1% statewide transit tax are not included.
- Job concentration: location quotient 0.97, this job is about as common as in the U.S. overall.
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