Loan Officers pay range in Roanoke
New workers and the lowest-paid 10% earn about $40,220 a year or less, while the top 10% make $121,250 or more. The middle half of loan officers in Roanoke earn between $53,390 and $88,710.
- $40K10th
- $53K25th
- $65KMedian
- $89K75th
- $121K90th
median average · bar = middle 50% of workers · how to read it
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $74,350 | $6,196 | $35.75 |
| Median | $64,720 | $5,393 | $31.12 |
| Entry level (25th percentile) | $53,390 | $4,449 | $25.67 |
| Experienced (75th percentile) | $88,710 | $7,392 | $42.65 |
*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.
Loan Officers pay in Roanoke vs. Virginia and the U.S.
Loan officers in Roanoke earn 17% less than the Virginia average ($90,090) and 15% less than the U.S. average ($87,790). At the median the gap is -16% against the U.S. median of $76,690.
| Area | Average | Median | 10th pct. | 90th pct. | Jobs |
|---|---|---|---|---|---|
| Roanoke | $74,350 | $64,720 | $40,220 | $121,250 | 320 |
| Virginia | $90,090 | $78,320 | $40,190 | $157,070 | 8,790 |
| 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 Roanoke
On the average salary of $74,350, a single filer in Roanoke takes home about $57,674 a year, or $4,806 a month and $2,218 every two weeks. Taxes take 22% of gross pay.
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2025 rules).
Is Roanoke a good place for loan officers? Pay vs. cost of living
Prices in the Roanoke area are 6% below the U.S. average (BEA price parity 93.6), so the average $74,350 buys what about $79,418 would buy in a typical U.S. metro. This job pays 1.4 times the median wage of all jobs in Roanoke ($47,140). A typical home costs $301,139, or 4.1 years of this average salary before tax.
Loan Officers salary in other Virginia cities
Roanoke ranks 6th of 9 Virginia metro areas for this job; Blacksburg pays the most ($84,360).
- Blacksburg$84,360
- Richmond$78,940
- Winchester$78,220
- Virginia Beach$77,520
- Harrisonburg$77,500
- Roanoke$74,350
- Staunton$67,460
- Lynchburg$67,250
- Charlottesville$65,710
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 Roanoke: questions
How much do loan officers make an hour in Roanoke?
$35.75 an hour on average, and $31.12 at the median (BLS, May 2025).
What is the entry-level loan officers salary in Roanoke?
The lowest-paid 10% earn about $40,220 a year and the 25th percentile is $53,390, a fair guide to starting pay.
What is the loan officers take-home pay in Roanoke?
About $57,674 a year ($4,806 a month) for a single filer on the average salary of $74,350.
Do loan officers earn more in Roanoke than elsewhere?
The average here is 15% 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 Roanoke, VA (40220). Relative standard error of the mean wage: 6.3%.
- 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).
- Job concentration: location quotient 1.19, this job is about as common as in the U.S. overall.
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