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 about the same as related careers in Louisiana. On average, they make less than risk management specialists but more than bookkeepers.

Career Median Salary
Risk management specialist salary $55K
Investment banker salary $55K
Financial quantitative analyst salary $55K
Fraud analyst salary $55K
Operations research analyst salary $53K
Loan officer salary $48K
Revenue agent salary $44K
Social fundraiser salary $40K
Tax preparer salary $31K
Bookkeeper salary $36K

Source: CareerExplorer (Aggregated)