Loan Officers pay in New York
In New York, the median pay for loan officers is $46.01 an hour ($95,710 a year). About 10,840 people work in this job there.
That is 25% higher than the U.S. median ($76,690). New York ranks 3rd of 51 states and territories for this job’s median pay.
Pay range for loan officers in New York
| Earns more than | Hourly | Yearly |
|---|---|---|
| 10% of workers | $23.76 | $49,410 |
| 25% of workers | $30.13 | $62,670 |
| Half of workers (median) | $46.01 | $95,710 |
| 75% of workers | $71.58 | $148,890 |
| 90% of workers | $101.61 | $211,350 |
Loan Officers pay in New York metro areas
| Metro area | Median yearly pay | People in this job |
|---|---|---|
| New York-Newark-Jersey City | $101,570 | 10,350 |
| Elmira | $95,050 | 40 |
| Glens Falls | $83,810 | 40 |
| Rochester | $82,280 | 470 |
| Watertown-Fort Drum | $81,850 | 60 |
| Albany-Schenectady-Troy | $79,710 | 560 |
| Kiryas Joel-Poughkeepsie-Newburgh | $79,670 | 260 |
| Syracuse | $78,580 | 300 |
| Buffalo-Cheektowaga | $76,170 | 900 |
| Ithaca | $75,060 | 60 |
| Binghamton | $68,680 | 80 |
| Kingston | $65,870 | 80 |
| Utica-Rome | $61,910 | 170 |
New York unemployment rate: 4.3% (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 New York
| Job | Median yearly pay |
|---|---|
| Accountants and Auditors | $102,640 |
| Financial and Investment Analysts | $127,930 |
| Personal Financial Advisors | $166,400 |
| Financial Examiners | $128,920 |
| Financial Risk Specialists | $136,830 |
| Financial Specialists, All Other | $107,490 |
| Credit Analysts | $133,270 |
| Tax Preparers | $71,850 |
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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.