Loan Officers pay in Phoenix-Mesa-Chandler

In Phoenix-Mesa-Chandler (AZ), the median pay for loan officers is $29.73 an hour ($61,850 a year). About 8,350 people work in this job there.

$29.73Median hourly pay
$47,900–$100,880Middle half of workers, yearly
8,350People in this job in Phoenix-Mesa-Chandler (AZ)

That is 19% lower than the U.S. median ($76,690). It is about the same as the Arizona median ($62,160).

Pay range for loan officers in Phoenix-Mesa-Chandler (AZ)

Earns more thanHourlyYearly
10% of workers$17.23$35,840
25% of workers$23.03$47,900
Half of workers (median)$29.73$61,850
75% of workers$48.50$100,880
90% of workers$64.35$133,850

Loan Officers pay in Arizona metro areas

Metro areaMedian yearly payPeople in this job
Flagstaff$78,81060
Phoenix-Mesa-Chandler (this page)$61,8508,350
Yuma$61,11080
Prescott Valley-Prescott$59,86070
Tucson$58,440500
Lake Havasu City-Kingman$55,18090

Arizona unemployment rate: 4.9% (August 2026), U.S. Bureau of Labor Statistics.

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 Phoenix-Mesa-Chandler (AZ)

JobMedian yearly pay
Accountants and Auditors$80,820
Personal Financial Advisors$103,680
Financial and Investment Analysts$94,700
Insurance Underwriters$77,740
Credit Analysts$77,020
Financial Examiners$80,490
Tax Preparers$44,770
Financial Risk Specialists$101,990

Other job titles for this job

Financial CounselorFinancial Aid CounselorHome Lending AdvisorAgricultural Loan OfficerBank OfficerBanking Services OfficerBranch Lending OfficerBusiness Banking OfficerCommercial BankerCommercial LenderCommercial Loan Collection OfficerCommercial Loan Officer

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Source: 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.