Loan officer earnings by seniority

Approximate values based on highest and lowest earning segments.

Loan officer salary by state

State Name Average Salary
Connecticut $88,768
Illinois $81,620
New York $78,520
District of Columbia $74,840
Massachusetts $70,090
Kansas $75,462
New Hampshire $76,430
New Jersey $73,180
Maryland $68,060
Texas $68,710
Hawaii $66,666
Nebraska $75,800
Virginia $63,860
Nevada $60,630
Minnesota $72,030
Kentucky $67,450
Florida $67,760
Pennsylvania $66,807
Oregon $64,610
Missouri $68,010
Maine $64,110
Georgia $54,690
Washington $60,540
California $60,420
North Dakota $67,610
Wisconsin $62,850
North Carolina $62,360
Ohio $64,770
Colorado $61,010
Delaware $60,140
Idaho $59,677
Wyoming $61,860
Rhode Island $60,460
South Carolina $60,250
Iowa $61,518
Oklahoma $61,230
Indiana $57,023
Alaska $56,980
Vermont $58,650
Arizona $52,696
Mississippi $57,500
Montana $57,840
Tennessee $54,490
New Mexico $51,460
Arkansas $55,514
South Dakota $59,520
Alabama $53,488
Utah $45,470
Louisiana $48,230
West Virginia $48,820
Guam $45,840
Puerto Rico $29,150

How do loan officer salaries compare to similar careers?

Loan officers earn 7% less than similar careers in Guam. On average, they make less than financial quantitative analysts but more than bookkeepers.

Career Median Salary
Financial quantitative analyst salary $71K
Investment banker salary $71K
Cost estimator salary $62K
Business analyst salary $60K
Budget analyst salary $56K
Loan officer salary $46K
Accountant salary $45K
Auditor salary $45K
Tax preparer salary $34K
Bookkeeper salary $28K

Source: CareerExplorer (Aggregated)