Loan Officers pay in the United States
In the U.S., the median pay for loan officers is $36.87 an hour ($76,690 a year). About 274,330 people work in this job there.
Pay range for loan officers in the U.S.
| Earns more than | Hourly | Yearly |
|---|---|---|
| 10% of workers | $18.96 | $39,430 |
| 25% of workers | $25.35 | $52,730 |
| Half of workers (median) | $36.87 | $76,690 |
| 75% of workers | $50.04 | $104,080 |
| 90% of workers | $73.65 | $153,180 |
Best-paying states for loan officers
| State | Median yearly pay | People in this job |
|---|---|---|
| Massachusetts | $101,600 | 4,470 |
| Connecticut | $95,730 | 2,220 |
| New York | $95,710 | 10,840 |
| Minnesota | $95,170 | 6,430 |
| Colorado | $94,520 | 3,230 |
| Oregon | $94,440 | 4,220 |
| New Jersey | $92,920 | 6,200 |
| District of Columbia | $92,890 | 370 |
| Vermont | $88,710 | 350 |
| Kansas | $86,970 | 3,540 |
Pay by state
- Alabama · $66,710
- Arizona · $62,160
- Arkansas · $70,260
- California · $81,770
- Colorado · $94,520
- Connecticut · $95,730
- Delaware · $83,130
- Florida · $71,090
- Georgia · $68,490
- Hawaii · $63,740
- Idaho · $71,070
- Illinois · $79,150
- Indiana · $72,960
- Iowa · $83,670
- Kansas · $86,970
- Kentucky · $62,090
- Louisiana · $61,110
- Maine · $81,900
- Maryland · $73,580
- Massachusetts · $101,600
- Michigan · $74,470
- Minnesota · $95,170
- Mississippi · $60,260
- Missouri · $73,660
- Montana · $71,570
- Nebraska · $79,840
- Nevada · $64,500
- New Hampshire · $80,660
- New Jersey · $92,920
- New Mexico · $62,610
- New York · $95,710
- North Carolina · $75,920
- North Dakota · $84,650
- Ohio · $76,370
- Oklahoma · $72,990
- Oregon · $94,440
- Pennsylvania · $69,300
- Rhode Island · $77,250
- South Carolina · $63,220
- South Dakota · $79,920
- Tennessee · $62,800
- Texas · $66,370
- Utah · $59,440
- Virginia · $78,320
- Washington · $80,120
- West Virginia · $57,580
- Wisconsin · $78,290
- Wyoming · $79,620
Education, experience and outlook for loan officers
- Typical education to start: Bachelor's degree (BLS)
- Related work experience most have: 2 to 4 years (O*NET)
- Experience usually needed to start: Less than 5 years (BLS)
- Training on the job: Moderate-term on-the-job training (BLS)
- Job outlook: +1.1% over ten years, little or no change · about 17,100 openings a year (BLS)
Related jobs in the U.S.
| Job | Median yearly pay |
|---|---|
| Accountants and Auditors | $83,680 |
| Financial and Investment Analysts | $102,740 |
| Personal Financial Advisors | $105,070 |
| Financial Specialists, All Other | $81,100 |
| Insurance Underwriters | $81,370 |
| Tax Preparers | $54,920 |
| Financial Examiners | $94,160 |
| Credit Analysts | $83,510 |
Other job titles for this job
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Post a job freeFind jobsCheck pay for any jobSource: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates. Figures are for wage and salary workers and do not include the self-employed. The median is the middle wage: half earn more, half earn less. Other job titles: O*NET 31.0 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA), used under the CC BY 4.0 license; O*NET® is a trademark of USDOL/ETA. JAI Bot has modified this information; USDOL/ETA has not approved, endorsed, or tested these modifications.