13 Series · SOC 13-2072

Loan Officers Salary

National pay, percentile range, growth outlook, and state-by-state detail from the U.S. Bureau of Labor Statistics OEWS survey (May 2025).

$76,690
Median / year
+3.4%
2024→2025
$153,180
Top 10% earn
+1.7%
Growth '24–'34
274,330
Estimated US jobs

Loan Officers earn a median of $76,690 per year.

According to the U.S. Bureau of Labor Statistics OEWS survey, the median annual wage is $76,690, based on the most recent survey of employers. Reported pay ranges from $39,430 (10th percentile) to $153,180 (90th percentile) nationally, across roughly 274,330 estimated jobs in covered establishments. The highest published state median in this ranking is Massachusetts ($101,600).

13 Series · Source: BLS OEWS Compare with another job →
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The pay verdict

Loan Officers earn a median of $76,690, putting them above the typical US occupation and higher than 69% of the 825 occupations with a published BLS median. Within Business and Financial Operations, it ranks #23 of 32 by median pay. Employment is projected to grow 1.7% by 2034.

$76,690
Median annual wage
Top 31%
of 825 US occupations with published wages
#23 of 32
in Business and Financial Operations
3.9×
90th-to-10th pay spread

Highest-paying state: Massachusetts at $101,600. Typical entry-level education: Bachelor's degree.

Observed pay change

What changed, BLS OEWS 2019–2025

May 2019 → May 2025
  • The published national median for Loan Officers moved from $63,270 in May 2019 to $76,690 in May 2025 (+21.2%).
  • Across the 749 occupations priced in both releases under SOC-2018, the median occupation changed +24.5%.
  • Loan Officers sits -3.2 pp near that median, nominal dollars, no price deflator applied.

Loan Officers (SOC 13-2072) has a national median of $76,690 per year in the BLS Occupational Employment and Wage Statistics May 2025 release. The published 10th-to-90th-percentile boundaries run from $39,430 to $153,180, and the published mean is $87,790. Those summary statistics describe the estimated distribution; their difference alone does not identify its cause. OEWS estimates 274,330 jobs in covered establishments nationally. WageDex has published rows for 54 state or territory areas and 517 metropolitan or nonmetropolitan wage areas. The published national median moved from $74,180 in the May 2024 OEWS release to $76,690 in May 2025, a rise of $2,510 (+3.4%). This is a change between two BLS survey estimates, not an inflation-adjusted same-worker pay raise.

BLS Employment Projections forecast a +1.7% change in employment from 2024 to 2034, which we classify as about as fast as average relative to the all-occupations baseline of 3.1%. About 20,300 openings are projected per year from growth, occupational transfers, and labor-force exits. BLS assigns Bachelor's degree as typical education needed for entry and less than 5 years as the typical related-work-experience category, and BLS classifies its typical on-the-job preparation as moderate-term on-the-job training. BLS does not publish a separate occupation-specific fatality and injury rate for this role in the current release. The safety panel below shows its broad Business and Financial Operations Occupations SOC-group context and is not an occupation-level measurement or ranking.

Geographic variation matters as much as the headline median. Massachusetts pays the highest state median at $101,600, which is +32% above the national figure. The highest published metropolitan-area median in this ranking is Enid, OK at $104,990. The observed difference does not identify its cause. Pair the national median with the state and metropolitan-area rows below while keeping the geography and statistic consistent. OEWS includes tips, commissions, incentive pay, and production bonuses, but not employer benefits, overtime premiums, stock compensation, or nonproduction bonuses. See our methodology for the sourcing and calculation details.

BLS OEWS May 2025 274,330 jobs Median $76,690/yr

Median Salary

$76,690

per year

Median Hourly

$36.87/hr

per hour

Mean Salary

$87,790

average

Employment

274,330

jobs nationwide

How does this pay compare nationally?

Where Loan Officers pay sits nationally

Median annual wage vs. 825 detailed BLS occupations with a published median

$76,690 Top 31% higher than 69% of 825 US occupations

$0–$20,000: 0 US occupations (0%). Below this entry. $20,000–$40,000: 98 US occupations (12%). Below this entry. $40,000–$60,000: 298 US occupations (36%). Below this entry. $60,000–$80,000: 209 US occupations (25%). This entry sits in this band. $80,000–$100,000: 82 US occupations (10%). Above this entry. $100,000–$120,000: 58 US occupations (7%). Above this entry. $120,000–$140,000: 32 US occupations (4%). Above this entry. $140,000–$160,000: 14 US occupations (2%). Above this entry. $160,000–$180,000: 9 US occupations (1%). Above this entry. $180,000 and above: 25 US occupations (3%). Above this entry. This job $0 $180,000+ every BLS occupation, bucketed by value

Each bar is a $20K-wide band; taller bars hold more US occupations. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Read the chart as text · as of May 2025
Band Count Share
$0–$20,000 0 US occupations 0%
$20,000–$40,000 98 US occupations 12%
$40,000–$60,000 298 US occupations 36%
$60,000–$80,000 (this entry) 209 US occupations 25%
$80,000–$100,000 82 US occupations 10%
$100,000–$120,000 58 US occupations 7%
$120,000–$140,000 32 US occupations 4%
$140,000–$160,000 14 US occupations 2%
$160,000–$180,000 9 US occupations 1%
$180,000 and above 25 US occupations 3%

$76,690 · 69th percentile of 825 US occupations

Source U.S. Bureau of Labor Statistics, OEWS · May 2025

Does this job pay well and grow?

Each dot is a 13-series occupation, placed by projected 2024–2034 growth and median pay. The highlighted dot is Loan Officers; the upper-right quadrant is the sweet spot (high pay + fast growth).

Among 24 13-series occupations with growth data, Loan Officers sits on the slower-growing side at +1.7% growth and $76,690 median pay. Scatter plot of 24 data points. $40000$60000$80000$100000$120000 -10%0%10%20% Projected growth 2024–2034 (%) Median annual wage Accountants and Audi… - Projected growth 2024–2034 (%): 4.6% · Median annual wage: $83680Business Operations … - Projected growth 2024–2034 (%): 3% · Median annual wage: $83050Project Management S… - Projected growth 2024–2034 (%): 5.6% · Median annual wage: $102320Human Resources Spec… - Projected growth 2024–2034 (%): 6.2% · Median annual wage: $75940Market Research Anal… - Projected growth 2024–2034 (%): 6.7% · Median annual wage: $78760Management Analysts - Projected growth 2024–2034 (%): 8.8% · Median annual wage: $101860Buyers and Purchasin… - Projected growth 2024–2034 (%): 5.8% · Median annual wage: $77710Training and Develop… - Projected growth 2024–2034 (%): 10.8% · Median annual wage: $69280Compliance Officers - Projected growth 2024–2034 (%): 3% · Median annual wage: $80730Financial and Invest… - Projected growth 2024–2034 (%): 5.7% · Median annual wage: $102740Claims Adjusters, Ex… - Projected growth 2024–2034 (%): -5.1% · Median annual wage: $78000Loan Officers - Projected growth 2024–2034 (%): 1.7% · Median annual wage: $76690Personal Financial A… - Projected growth 2024–2034 (%): 9.6% · Median annual wage: $105070Logisticians - Projected growth 2024–2034 (%): 16.7% · Median annual wage: $82320Cost Estimators - Projected growth 2024–2034 (%): -4.2% · Median annual wage: $78740Meeting, Convention,… - Projected growth 2024–2034 (%): 4.8% · Median annual wage: $61160Financial Specialist… - Projected growth 2024–2034 (%): 3.1% · Median annual wage: $81100Compensation, Benefi… - Projected growth 2024–2034 (%): 5.3% · Median annual wage: $78210Fundraisers - Projected growth 2024–2034 (%): 4.3% · Median annual wage: $72550Insurance Underwriters - Projected growth 2024–2034 (%): -2.6% · Median annual wage: $81370Tax Preparers - Projected growth 2024–2034 (%): 4.5% · Median annual wage: $54920Financial Examiners - Projected growth 2024–2034 (%): 18.5% · Median annual wage: $94160Labor Relations Spec… - Projected growth 2024–2034 (%): -0.1% · Median annual wage: $95420Credit Analysts - Projected growth 2024–2034 (%): -4.4% · Median annual wage: $83510
Among 24 13-series occupations with growth data, Loan Officers sits on the slower-growing side at +1.7% growth and $76,690 median pay.
Read the chart as text
  • Accountants and Audi…: Projected growth 2024–2034 (%) 4.6%, Median annual wage $83680
  • Business Operations …: Projected growth 2024–2034 (%) 3%, Median annual wage $83050
  • Project Management S…: Projected growth 2024–2034 (%) 5.6%, Median annual wage $102320
  • Human Resources Spec…: Projected growth 2024–2034 (%) 6.2%, Median annual wage $75940
  • Market Research Anal…: Projected growth 2024–2034 (%) 6.7%, Median annual wage $78760
  • Management Analysts: Projected growth 2024–2034 (%) 8.8%, Median annual wage $101860
  • Buyers and Purchasin…: Projected growth 2024–2034 (%) 5.8%, Median annual wage $77710
  • Training and Develop…: Projected growth 2024–2034 (%) 10.8%, Median annual wage $69280
  • Compliance Officers: Projected growth 2024–2034 (%) 3%, Median annual wage $80730
  • Financial and Invest…: Projected growth 2024–2034 (%) 5.7%, Median annual wage $102740
  • Claims Adjusters, Ex…: Projected growth 2024–2034 (%) -5.1%, Median annual wage $78000
  • Loan Officers: Projected growth 2024–2034 (%) 1.7%, Median annual wage $76690
  • Personal Financial A…: Projected growth 2024–2034 (%) 9.6%, Median annual wage $105070
  • Logisticians: Projected growth 2024–2034 (%) 16.7%, Median annual wage $82320
  • Cost Estimators: Projected growth 2024–2034 (%) -4.2%, Median annual wage $78740
  • Meeting, Convention,…: Projected growth 2024–2034 (%) 4.8%, Median annual wage $61160
  • Financial Specialist…: Projected growth 2024–2034 (%) 3.1%, Median annual wage $81100
  • Compensation, Benefi…: Projected growth 2024–2034 (%) 5.3%, Median annual wage $78210
  • Fundraisers: Projected growth 2024–2034 (%) 4.3%, Median annual wage $72550
  • Insurance Underwriters: Projected growth 2024–2034 (%) -2.6%, Median annual wage $81370
  • Tax Preparers: Projected growth 2024–2034 (%) 4.5%, Median annual wage $54920
  • Financial Examiners: Projected growth 2024–2034 (%) 18.5%, Median annual wage $94160
  • Labor Relations Spec…: Projected growth 2024–2034 (%) -0.1%, Median annual wage $95420
  • Credit Analysts: Projected growth 2024–2034 (%) -4.4%, Median annual wage $83510

Source: U.S. Bureau of Labor Statistics, OEWS (wages, May 2025) and Employment Projections (2024–2034).

Job Outlook (2024–2034)

Projected Growth

+1.7%

About as fast as average

Annual Openings

20,300

per year (projected)

Employment Change

+5,000

301,400 (2024) → 306,500 (2034)

Typical Education

Bachelor's degree

Work Experience

Less than 5 years

On-the-Job Training

Moderate-term on-the-job training

Source: BLS Employment Projections, 2024–2034

Workplace Safety

All safety ratings →
Group

Business and Financial Operations Occupations context

Broad SOC context, not an occupation grade

Fatality Rate

0.3/100K

Injury Rate

0.3/100

Danger Index

1.4/100

Source: BLS Census of Fatal Occupational Injuries (CFOI) & Survey of Occupational Injuries and Illnesses (SOII), 2023

Career Intelligence

Skills, knowledge, and tasks most important for Loan Officers roles, ranked by importance. Source: O*NET.

Top Skills

Active Listening 4.0
Speaking 4.0
Reading Comprehension 3.9
Judgment and Decision Making 3.9
Critical Thinking 3.8
Writing 3.4
Mathematics 3.3
Social Perceptiveness 3.3
Complex Problem Solving 3.3
Active Learning 3.1

Knowledge Areas

Customer and Personal Service 4.7
Economics and Accounting 3.9
English Language 3.8
Mathematics 3.7
Sales and Marketing 3.5
Law and Government 3.3
Administration and Management 3.1
Education and Training 2.9
Administrative 2.8
Computers and Electronics 2.8

Key Tasks

  • Meet with applicants to obtain information for loan applications and to answer questions about the process.
  • Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.
  • Approve loans within specified limits, and refer loan applications outside those limits to management for approval.
  • Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.
  • Submit applications to credit analysts for verification and recommendation.
  • Review loan agreements to ensure that they are complete and accurate according to policy.
  • Review and update credit and loan files.
  • Obtain and compile copies of loan applicants' credit histories, corporate financial statements, and other financial information.
  • Work with clients to identify their financial goals and to find ways of reaching those goals.
  • Handle customer complaints and take appropriate action to resolve them.

Source: O*NET Online, National Center for O*NET Development. Data represents typical importance ratings for this occupation.

Salary Range

Annual Salary Distribution

10th$39,430
25th$52,730
Median$76,690
75th$104,080
90th$153,180

Hourly Rate Distribution

10th$18.96
25th$25.35
Median$36.87
75th$50.04
90th$73.65

Loan Officers pay history, 2015–2025

Published national median across 11 BLS OEWS releases. Nominal dollars, not inflation-adjusted.

$60,000$65,000$70,000$75,000$80,000 20152016201720182019202020212022202320242025 National median - 2015: $63,430National median - 2016: $63,650National median - 2017: $64,660National median - 2018: $63,040National median - 2019: $63,270National median - 2020: $63,960National median - 2021: $63,380National median - 2022: $65,740National median - 2023: $69,990National median - 2024: $74,180National median - 2025: $76,690$76,690
National median annual wage for Loan Officers, May 2015 to May 2025 OEWS releases
Read the chart as text
Period National median
2015 $63,430
2016 $63,650
2017 $64,660
2018 $63,040
2019 $63,270
2020 $63,960
2021 $63,380
2022 $65,740
2023 $69,990
2024 $74,180
2025 $76,690

2015 median

$63,430

2025 median

$76,690

2019–2025 change (same SOC)

+$13,420 (+21.2%)

Avg/year (same SOC)

+3.3%

Published national median annual wage and estimated employment for Loan Officers by OEWS release year
Release Median Change Estimated jobs
May 2015 $63,430 First banked release 303,870
May 2016 $63,650 +0.3% 305,700
May 2017 $64,660 +1.6% 307,240
May 2018 $63,040 -2.5% 304,950
May 2019 $63,270 Classification break 308,370
May 2020 $63,960 +1.1% 308,700
May 2021 $63,380 -0.9% 340,170
May 2022 $65,740 +3.7% 345,550
May 2023 $69,990 +6.5% 321,090
May 2024 $74,180 +6.0% 290,530
May 2025 $76,690 +3.4% 274,330

Across the 11 releases WageDex holds for this occupation, the published national median went from $63,430 in May 2015 to $76,690 in May 2025. Within the SOC-2018 classification (2019–2025), the like-for-like change averages +3.3% per year in nominal terms. Within the same SOC classification, estimated employment went from 308,370 in May 2019 to 274,330 in May 2025.

Each figure is a separate BLS survey estimate, so a change between releases reflects the estimated occupation-wide median in each year. It is not the raise any individual worker received, and it is not adjusted for inflation. Years where BLS did not publish an annual median for this occupation are omitted rather than filled in. This span also crosses a classification change: releases before May 2019 use the 2010 Standard Occupational Classification and later releases use the 2018 SOC, so figures either side of that boundary are not strictly like-for-like. Headline change rates on this page use only the same-classification subset.

Salary by State

View all 54 states →
# State Median Salary vs National
1 Massachusetts $101,600 +32% above national
2 Connecticut $95,730 +25% above national
3 New York $95,710 +25% above national
4 Minnesota $95,170 +24% above national
5 Colorado $94,520 +23% above national
6 Oregon $94,440 +23% above national
7 New Jersey $92,920 +21% above national
8 District of Columbia $92,890 +21% above national
9 Vermont $88,710 +16% above national
10 Kansas $86,970 +13% above national
11 North Dakota $84,650 +10% above national
12 Iowa $83,670 +9% above national
13 Delaware $83,130 +8% above national
14 Maine $81,900 +7% above national
15 California $81,770 +7% above national
16 New Hampshire $80,660 +5% above national
17 Washington $80,120 +4% above national
18 South Dakota $79,920 +4% above national
19 Nebraska $79,840 +4% above national
20 Wyoming $79,620 +4% above national
21 Illinois $79,150 +3% above national
22 Virginia $78,320 +2% above national
23 Wisconsin $78,290 +2% above national
24 Rhode Island $77,250 +1% above national
25 Ohio $76,370 same as national
26 North Carolina $75,920 1% below national
27 Michigan $74,470 3% below national
28 Missouri $73,660 4% below national
29 Maryland $73,580 4% below national
30 Oklahoma $72,990 5% below national
31 Indiana $72,960 5% below national
32 Alaska $72,800 5% below national
33 Montana $71,570 7% below national
34 Florida $71,090 7% below national
35 Idaho $71,070 7% below national
36 Arkansas $70,260 8% below national
37 Pennsylvania $69,300 10% below national
38 Georgia $68,490 11% below national
39 Alabama $66,710 13% below national
40 Texas $66,370 13% below national
41 Nevada $64,500 16% below national
42 Hawaii $63,740 17% below national
43 South Carolina $63,220 18% below national
44 Tennessee $62,800 18% below national
45 New Mexico $62,610 18% below national
46 Arizona $62,160 19% below national
47 Kentucky $62,090 19% below national
48 Louisiana $61,110 20% below national
49 Mississippi $60,260 21% below national
50 Utah $59,440 22% below national
51 West Virginia $57,580 25% below national
52 Guam $45,180 41% below national
53 Virgin Islands $44,780 42% below national
54 Puerto Rico $35,730 53% below national

Salary by Metro Area

View all 383 metro areas →
# Metro Area Median Salary vs National
1 Enid, OK $104,990 +37% above national
2 Bridgeport-Stamford-Danbury, CT $103,850 +35% above national
3 Boston-Cambridge-Newton, MA-NH $103,400 +35% above national
4 San Francisco-Oakland-Fremont, CA $103,000 +34% above national
5 Minneapolis-St. Paul-Bloomington, MN-WI $102,200 +33% above national
6 New York-Newark-Jersey City, NY-NJ $101,570 +32% above national
7 Des Moines-West Des Moines, IA $101,190 +32% above national
8 Lawrence, KS $100,480 +31% above national
9 Denver-Aurora-Centennial, CO $100,130 +31% above national
10 Wichita, KS $99,170 +29% above national
11 New Haven, CT $98,930 +29% above national
12 Iowa City, IA $98,630 +29% above national
13 Fort Collins-Loveland, CO $98,450 +28% above national
14 Rochester, MN $98,110 +28% above national
15 Washington-Arlington-Alexandria, DC-VA-MD-WV $97,800 +28% above national
16 Lincoln, NE $97,770 +27% above national
17 Corvallis, OR $97,340 +27% above national
18 Lewiston-Auburn, ME $96,990 +26% above national
19 Amherst Town-Northampton, MA $96,540 +26% above national
20 Norwich-New London-Willimantic, CT $96,500 +26% above national
21 Portland-Vancouver-Hillsboro, OR-WA $96,100 +25% above national
22 Barnstable Town, MA $96,080 +25% above national
23 Salinas, CA $95,640 +25% above national
24 Waterbury-Shelton, CT $95,530 +25% above national
25 Topeka, KS $95,330 +24% above national
26 San Jose-Sunnyvale-Santa Clara, CA $95,090 +24% above national
27 Elmira, NY $95,050 +24% above national
28 Jonesboro, AR $94,960 +24% above national
29 Pittsfield, MA $94,920 +24% above national
30 Mankato, MN $94,850 +24% above national
31 Grants Pass, OR $94,220 +23% above national
32 Worcester, MA $94,220 +23% above national
33 Fargo, ND-MN $93,640 +22% above national
34 Salem, OR $93,410 +22% above national
35 Grand Forks, ND-MN $92,820 +21% above national
36 St. Cloud, MN $92,570 +21% above national
37 Medford, OR $90,850 +18% above national
38 Trenton-Princeton, NJ $90,430 +18% above national
39 Albany, OR $90,030 +17% above national
40 Springfield, MA $89,480 +17% above national
41 Manhattan, KS $87,730 +14% above national
42 Pueblo, CO $87,110 +14% above national
43 Santa Maria-Santa Barbara, CA $86,200 +12% above national
44 Cedar Rapids, IA $85,990 +12% above national
45 Blacksburg-Christiansburg-Radford, VA $85,610 +12% above national
46 Portland-South Portland, ME $84,620 +10% above national
47 Ames, IA $84,470 +10% above national
48 Atlantic City-Hammonton, NJ $84,260 +10% above national
49 Fayetteville-Springdale-Rogers, AR $84,200 +10% above national
50 Mount Vernon-Anacortes, WA $84,060 +10% above national
51 Hot Springs, AR $83,990 +10% above national
52 Glens Falls, NY $83,810 +9% above national
53 Seattle-Tacoma-Bellevue, WA $83,720 +9% above national
54 Milwaukee-Waukesha, WI $83,660 +9% above national
55 Bismarck, ND $83,380 +9% above national
56 Hartford-West Hartford-East Hartford, CT $83,160 +8% above national
57 Vallejo, CA $83,110 +8% above national
58 Walla Walla, WA $82,730 +8% above national
59 San Luis Obispo-Paso Robles, CA $82,470 +8% above national
60 Racine-Mount Pleasant, WI $82,400 +7% above national
61 Wilmington, NC $82,340 +7% above national
62 Kansas City, MO-KS $82,330 +7% above national
63 Rochester, NY $82,280 +7% above national
64 Modesto, CA $82,250 +7% above national
65 Wenatchee-East Wenatchee, WA $82,170 +7% above national
66 Columbus, OH $82,160 +7% above national
67 Columbia, MO $81,850 +7% above national
68 Watertown-Fort Drum, NY $81,850 +7% above national
69 Sioux City, IA-NE-SD $81,780 +7% above national
70 San Diego-Chula Vista-Carlsbad, CA $81,770 +7% above national
71 Bend, OR $81,720 +7% above national
72 Sioux Falls, SD-MN $81,380 +6% above national
73 Burlington-South Burlington, VT $80,770 +5% above national
74 Eugene-Springfield, OR $80,720 +5% above national
75 Santa Rosa-Petaluma, CA $80,370 +5% above national
76 Los Angeles-Long Beach-Anaheim, CA $80,360 +5% above national
77 Omaha, NE-IA $80,300 +5% above national
78 Manchester-Nashua, NH $80,260 +5% above national
79 Pocatello, ID $80,210 +5% above national
80 Wausau, WI $80,080 +4% above national
81 Napa, CA $80,070 +4% above national
82 Chicago-Naperville-Elgin, IL-IN $80,040 +4% above national
83 Stockton-Lodi, CA $79,810 +4% above national
84 Colorado Springs, CO $79,770 +4% above national
85 Minot, ND $79,720 +4% above national
86 Albany-Schenectady-Troy, NY $79,710 +4% above national
87 Kiryas Joel-Poughkeepsie-Newburgh, NY $79,670 +4% above national
88 Greeley, CO $79,660 +4% above national
89 Appleton, WI $79,650 +4% above national
90 Coeur d'Alene, ID $79,260 +3% above national
91 Sacramento-Roseville-Folsom, CA $79,190 +3% above national
92 Fond du Lac, WI $79,180 +3% above national
93 Tulsa, OK $79,080 +3% above national
94 Champaign-Urbana, IL $78,950 +3% above national
95 Longview-Kelso, WA $78,940 +3% above national
96 Merced, CA $78,940 +3% above national
97 Santa Cruz-Watsonville, CA $78,940 +3% above national
98 Green Bay, WI $78,920 +3% above national
99 Yakima, WA $78,850 +3% above national
100 Madison, WI $78,840 +3% above national
101 Sheboygan, WI $78,820 +3% above national
102 Flagstaff, AZ $78,810 +3% above national
103 Riverside-San Bernardino-Ontario, CA $78,710 +3% above national
104 Springfield, IL $78,600 +2% above national
105 Syracuse, NY $78,580 +2% above national
106 Vineland, NJ $78,540 +2% above national
107 Providence-Warwick, RI-MA $78,500 +2% above national
108 Rapid City, SD $78,470 +2% above national
109 Homosassa Springs, FL $78,410 +2% above national
110 El Centro, CA $78,350 +2% above national
111 Bozeman, MT $78,270 +2% above national
112 Boulder, CO $78,250 +2% above national
113 Charlotte-Concord-Gastonia, NC-SC $78,200 +2% above national
114 Fresno, CA $78,060 +2% above national
115 Kenosha, WI $77,860 +2% above national
116 Ann Arbor, MI $77,820 +1% above national
117 Yuba City, CA $77,770 +1% above national
118 Cleveland, OH $77,730 +1% above national
119 Bellingham, WA $77,670 +1% above national
120 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD $77,590 +1% above national
121 Raleigh-Cary, NC $77,330 +1% above national
122 Spokane-Spokane Valley, WA $77,220 +1% above national
123 Huntsville, AL $76,970 same as national
124 Janesville-Beloit, WI $76,910 same as national
125 Redding, CA $76,790 same as national
126 Bakersfield-Delano, CA $76,500 same as national
127 Brunswick-St. Simons, GA $76,460 same as national
128 Cape Girardeau, MO-IL $76,400 same as national
129 Casper, WY $76,400 same as national
130 Deltona-Daytona Beach-Ormond Beach, FL $76,400 same as national
131 La Crosse-Onalaska, WI-MN $76,370 same as national
132 Atlanta-Sandy Springs-Roswell, GA $76,340 same as national
133 Naples-Marco Island, FL $76,300 1% below national
134 Detroit-Warren-Dearborn, MI $76,260 1% below national
135 Buffalo-Cheektowaga, NY $76,170 1% below national
136 Dubuque, IA $76,170 1% below national
137 Asheville, NC $76,070 1% below national
138 Springfield, MO $76,040 1% below national
139 Lafayette-West Lafayette, IN $75,980 1% below national
140 Rockford, IL $75,880 1% below national
141 Bangor, ME $75,860 1% below national
142 Visalia, CA $75,770 1% below national
143 Lakeland-Winter Haven, FL $75,400 2% below national
144 Davenport-Moline-Rock Island, IA-IL $75,380 2% below national
145 Cincinnati, OH-KY-IN $75,300 2% below national
146 Decatur, IL $75,190 2% below national
147 Ithaca, NY $75,060 2% below national
148 Bremerton-Silverdale-Port Orchard, WA $75,010 2% below national
149 Sandusky, OH $74,960 2% below national
150 Terre Haute, IN $74,890 2% below national
151 Indianapolis-Carmel-Greenwood, IN $74,790 2% below national
152 Eau Claire, WI $74,670 3% below national
153 Peoria, IL $74,530 3% below national
154 St. Louis, MO-IL $74,510 3% below national
155 Lancaster, PA $74,450 3% below national
156 Scranton--Wilkes-Barre, PA $74,430 3% below national
157 Toledo, OH $74,400 3% below national
158 Lebanon, PA $74,380 3% below national
159 Panama City-Panama City Beach, FL $74,220 3% below national
160 Lewiston, ID-WA $74,190 3% below national
161 Olympia-Lacey-Tumwater, WA $74,130 3% below national
162 Grand Junction, CO $74,080 3% below national
163 Elkhart-Goshen, IN $74,060 3% below national
164 Dallas-Fort Worth-Arlington, TX $73,930 4% below national
165 Port St. Lucie, FL $73,920 4% below national
166 Pittsburgh, PA $73,360 4% below national
167 Duluth, MN-WI $73,240 4% below national
168 Slidell-Mandeville-Covington, LA $73,070 5% below national
169 Winston-Salem, NC $73,070 5% below national
170 Waterloo-Cedar Falls, IA $72,990 5% below national
171 Lansing-East Lansing, MI $72,890 5% below national
172 Mobile, AL $72,860 5% below national
173 Anchorage, AK $72,800 5% below national
174 Cape Coral-Fort Myers, FL $72,770 5% below national
175 Kennewick-Richland, WA $72,690 5% below national
176 Missoula, MT $72,550 5% below national
177 Kalamazoo-Portage, MI $72,330 6% below national
178 Grand Island, NE $72,310 6% below national
179 Tampa-St. Petersburg-Clearwater, FL $72,220 6% below national
180 Akron, OH $72,080 6% below national
181 Midland, TX $72,030 6% below national
182 Punta Gorda, FL $71,920 6% below national
183 Auburn-Opelika, AL $71,860 6% below national
184 Grand Rapids-Wyoming-Kentwood, MI $71,760 6% below national
185 Miami-Fort Lauderdale-West Palm Beach, FL $71,510 7% below national
186 Palm Bay-Melbourne-Titusville, FL $71,450 7% below national
187 Bowling Green, KY $71,020 7% below national
188 Victoria, TX $70,790 8% below national
189 Joplin, MO-KS $70,170 9% below national
190 Sherman-Denison, TX $69,900 9% below national
191 Decatur, AL $69,800 9% below national
192 Richmond, VA $69,610 9% below national
193 Fayetteville, NC $69,410 9% below national
194 Urban Honolulu, HI $69,150 10% below national
195 Johnstown, PA $68,820 10% below national
196 Gainesville, FL $68,810 10% below national
197 Binghamton, NY $68,680 10% below national
198 Baltimore-Columbia-Towson, MD $68,470 11% below national
199 Waco, TX $68,210 11% below national
200 Chico, CA $68,170 11% below national
201 Houston-Pasadena-The Woodlands, TX $67,560 12% below national
202 Orlando-Kissimmee-Sanford, FL $67,460 12% below national
203 Morgantown, WV $67,440 12% below national
204 Goldsboro, NC $67,370 12% below national
205 Bloomington, IL $67,140 12% below national
206 College Station-Bryan, TX $67,060 13% below national
207 Midland, MI $66,880 13% below national
208 San Antonio-New Braunfels, TX $66,810 13% below national
209 Birmingham, AL $66,740 13% below national
210 Longview, TX $66,620 13% below national
211 Harrisburg-Carlisle, PA $66,500 13% below national
212 Allentown-Bethlehem-Easton, PA-NJ $66,480 13% below national
213 Oklahoma City, OK $66,480 13% below national
214 Boise City, ID $66,450 13% below national
215 Ocala, FL $66,310 14% below national
216 Sebastian-Vero Beach-West Vero Corridor, FL $66,300 14% below national
217 Daphne-Fairhope-Foley, AL $66,250 14% below national
218 Dothan, AL $66,230 14% below national
219 Dayton-Kettering-Beavercreek, OH $66,070 14% below national
220 Pinehurst-Southern Pines, NC $66,060 14% below national
221 Kingston, NY $65,870 14% below national
222 Charleston-North Charleston, SC $65,580 14% below national
223 Las Vegas-Henderson-North Las Vegas, NV $65,550 15% below national
224 Myrtle Beach-Conway-North Myrtle Beach, SC $65,170 15% below national
225 Flint, MI $65,050 15% below national
226 Pensacola-Ferry Pass-Brent, FL $65,030 15% below national
227 Harrisonburg, VA $65,010 15% below national
228 Fairbanks-College, AK $64,990 15% below national
229 Jacksonville, FL $64,960 15% below national
230 Athens-Clarke County, GA $64,780 16% below national
231 Helena, MT $64,740 16% below national
232 Roanoke, VA $64,720 16% below national
233 Columbia, SC $64,660 16% below national
234 Oxnard-Thousand Oaks-Ventura, CA $64,470 16% below national
235 Louisville/Jefferson County, KY-IN $64,460 16% below national
236 Jefferson City, MO $64,430 16% below national
237 Lexington Park, MD $64,390 16% below national
238 Niles, MI $64,250 16% below national
239 Laredo, TX $64,170 16% below national
240 Durham-Chapel Hill, NC $64,130 16% below national
241 Elizabethtown, KY $64,090 16% below national
242 Tuscaloosa, AL $64,080 16% below national
243 Virginia Beach-Chesapeake-Norfolk, VA-NC $64,080 16% below national
244 Cheyenne, WY $64,050 16% below national
245 Rocky Mount, NC $64,040 16% below national
246 Brownsville-Harlingen, TX $64,000 17% below national
247 Florence-Muscle Shoals, AL $63,870 17% below national
248 Knoxville, TN $63,830 17% below national
249 Traverse City, MI $63,820 17% below national
250 Lexington-Fayette, KY $63,760 17% below national
251 Oshkosh-Neenah, WI $63,600 17% below national
252 Johnson City, TN $63,590 17% below national
253 Evansville, IN $63,560 17% below national
254 Lubbock, TX $63,520 17% below national
255 Montgomery, AL $63,510 17% below national
256 Great Falls, MT $63,460 17% below national
257 Muncie, IN $63,460 17% below national
258 Hickory-Lenoir-Morganton, NC $63,420 17% below national
259 Staunton-Stuarts Draft, VA $63,390 17% below national
260 Greenville, NC $63,340 17% below national
261 Fort Wayne, IN $63,320 17% below national
262 Winchester, VA-WV $63,320 17% below national
263 Warner Robins, GA $63,270 17% below national
264 Memphis, TN-MS-AR $63,250 18% below national
265 South Bend-Mishawaka, IN-MI $63,130 18% below national
266 St. Joseph, MO-KS $63,080 18% below national
267 Crestview-Fort Walton Beach-Destin, FL $62,890 18% below national
268 Springfield, OH $62,860 18% below national
269 Valdosta, GA $62,850 18% below national
270 Nashville-Davidson--Murfreesboro--Franklin, TN $62,800 18% below national
271 Chambersburg, PA $62,770 18% below national
272 Saginaw, MI $62,740 18% below national
273 Bloomington, IN $62,720 18% below national
274 Little Rock-North Little Rock-Conway, AR $62,720 18% below national
275 Rome, GA $62,660 18% below national
276 Reading, PA $62,630 18% below national
277 Kankakee, IL $62,570 18% below national
278 Houma-Bayou Cane-Thibodaux, LA $62,530 18% below national
279 Chattanooga, TN-GA $62,460 19% below national
280 Lima, OH $62,430 19% below national
281 Albuquerque, NM $62,250 19% below national
282 New Orleans-Metairie, LA $62,240 19% below national
283 North Port-Bradenton-Sarasota, FL $62,210 19% below national
284 Muskegon-Norton Shores, MI $62,190 19% below national
285 Reno, NV $62,180 19% below national
286 Altoona, PA $62,150 19% below national
287 Hagerstown-Martinsburg, MD-WV $62,060 19% below national
288 York-Hanover, PA $62,030 19% below national
289 Greenville-Anderson-Greer, SC $61,990 19% below national
290 Hilton Head Island-Bluffton-Port Royal, SC $61,920 19% below national
291 Utica-Rome, NY $61,910 19% below national
292 Phoenix-Mesa-Chandler, AZ $61,850 19% below national
293 Anniston-Oxford, AL $61,740 19% below national
294 Jackson, TN $61,500 20% below national
295 McAllen-Edinburg-Mission, TX $61,500 20% below national
296 Spartanburg, SC $61,430 20% below national
297 Billings, MT $61,350 20% below national
298 Dalton, GA $61,310 20% below national
299 Tallahassee, FL $61,270 20% below national
300 Hammond, LA $61,180 20% below national
301 Amarillo, TX $61,160 20% below national
302 Salt Lake City-Murray, UT $61,150 20% below national
303 Jackson, MS $61,110 20% below national
304 Las Cruces, NM $61,110 20% below national
305 Yuma, AZ $61,110 20% below national
306 Fort Smith, AR-OK $61,050 20% below national
307 San Angelo, TX $60,860 21% below national
308 Kokomo, IN $60,780 21% below national
309 Killeen-Temple, TX $60,750 21% below national
310 Mansfield, OH $60,750 21% below national
311 Salisbury, MD $60,700 21% below national
312 Florence, SC $60,670 21% below national
313 Twin Falls, ID $60,640 21% below national
314 Charlottesville, VA $60,610 21% below national
315 Williamsport, PA $60,600 21% below national
316 Jackson, MI $60,540 21% below national
317 Youngstown-Warren, OH $60,530 21% below national
318 Beaumont-Port Arthur, TX $60,440 21% below national
319 Clarksville, TN-KY $60,270 21% below national
320 Kingsport-Bristol, TN-VA $60,250 21% below national
321 Alexandria, LA $60,150 22% below national
322 Paducah, KY-IL $60,080 22% below national
323 Savannah, GA $59,980 22% below national
324 Macon-Bibb County, GA $59,940 22% below national
325 Prescott Valley-Prescott, AZ $59,860 22% below national
326 Michigan City-La Porte, IN $59,700 22% below national
327 Augusta-Richmond County, GA-SC $59,660 22% below national
328 Battle Creek, MI $59,640 22% below national
329 Lawton, OK $59,640 22% below national
330 State College, PA $59,540 22% below national
331 Logan, UT-ID $59,490 22% below national
332 Austin-Round Rock-San Marcos, TX $59,210 23% below national
333 Parkersburg-Vienna, WV $59,180 23% below national
334 Monroe, LA $59,150 23% below national
335 Baton Rouge, LA $59,080 23% below national
336 Wheeling, WV-OH $59,060 23% below national
337 Wildwood-The Villages, FL $59,050 23% below national
338 Columbus, IN $59,040 23% below national
339 Idaho Falls, ID $59,040 23% below national
340 Lafayette, LA $58,960 23% below national
341 El Paso, TX $58,910 23% below national
342 Farmington, NM $58,740 23% below national
343 Owensboro, KY $58,730 23% below national
344 Hattiesburg, MS $58,560 24% below national
345 Lynchburg, VA $58,550 24% below national
346 Dover, DE $58,540 24% below national
347 Tucson, AZ $58,440 24% below national
348 Greensboro-High Point, NC $58,400 24% below national
349 Charleston, WV $58,390 24% below national
350 Texarkana, TX-AR $58,350 24% below national
351 Wichita Falls, TX $58,240 24% below national
352 Kahului-Wailuku, HI $58,140 24% below national
353 Jacksonville, NC $57,920 24% below national
354 Canton-Massillon, OH $57,720 25% below national
355 Cleveland, TN $57,010 26% below national
356 Huntington-Ashland, WV-KY-OH $57,000 26% below national
357 Gulfport-Biloxi, MS $56,640 26% below national
358 Provo-Orem-Lehi, UT $56,570 26% below national
359 Lake Charles, LA $56,550 26% below national
360 Monroe, MI $56,450 26% below national
361 Albany, GA $55,550 28% below national
362 Corpus Christi, TX $55,530 28% below national
363 Abilene, TX $55,230 28% below national
364 Lake Havasu City-Kingman, AZ $55,180 28% below national
365 Erie, PA $54,530 29% below national
366 Gadsden, AL $54,360 29% below national
367 Santa Fe, NM $52,960 31% below national
368 Shreveport-Bossier City, LA $52,730 31% below national
369 Burlington, NC $52,590 31% below national
370 Weirton-Steubenville, WV-OH $52,380 32% below national
371 Tyler, TX $51,870 32% below national
372 St. George, UT $51,760 33% below national
373 Carson City, NV $50,690 34% below national
374 Ogden, UT $50,410 34% below national
375 Columbus, GA-AL $50,010 35% below national
376 Beckley, WV $49,680 35% below national
377 Gainesville, GA $47,610 38% below national
378 Morristown, TN $47,130 39% below national
379 Mayaguez, PR $35,890 53% below national
380 San Juan-Bayamon-Caguas, PR $35,850 53% below national
381 Arecibo, PR $34,900 54% below national
382 Aguadilla, PR $32,930 57% below national
383 Ponce, PR $32,070 58% below national

Same SOC major group

Other detailed occupations in SOC major group 13 (Business and Financial Operations Occupations) - category peers, not a pay match.

Showing 5 of 31 detailed occupations BLS assigns to this SOC major group.

Nationwide occupations with similar pay or employment scale

Two OEWS peer sets outside this SOC major group (Business and Financial Operations Occupations). Same-category cards above stay inside the group; these neighborhoods are cross-group nearest neighbors on national median pay ($76,690 here) and reported employment (274,330 jobs here).

Peers are nearest-neighbor matches on BLS OEWS national median annual wage and reported employment. Employment peers exclude occupations already listed in the pay column so the two link sets stay distinct.

Frequently Asked Questions

How much do Loan Officers make?
The median annual salary for Loan Officers is $76,690 ($36.87/hour). The salary range spans from $39,430 at the 10th percentile to $153,180 at the 90th percentile.
Where does Loan Officers pay rank nationally?
At a published national median of $76,690, Loan Officers pay is higher than 69% of the 825 detailed occupations with a published BLS annual median in the May 2025 OEWS release. This compares occupation-level medians, not individual workers, job offers, or this occupation's own worker pay-percentile range.
What state pays Loan Officers the most?
Massachusetts pays the highest median salary for Loan Officers at $101,600/year, which is +32% above the national median.
What education do Loan Officers need?
BLS assigns Loan Officers to Bachelor's degree for typical education needed for entry. Its typical related-work-experience assignment is Less than 5 years. Typical on-the-job training assignment: Moderate-term on-the-job training.
Does BLS publish a safety rate for Loan Officers?
BLS does not publish a separate occupation-specific fatality and injury rate for Loan Officers in this release. WageDex shows the Business and Financial Operations Occupations SOC-group rate only as broad context and does not rank it as this occupation's measured rate.
Is Loan Officers a good career?
Employment for Loan Officers is projected to grow 1.7% from 2024 to 2034, which is about as fast as average. About 20,300 openings are projected each year.
How does Loan Officers pay vary by state?
Loan Officers salaries vary significantly by state. The highest-paying state is Massachusetts at $101,600/year, while Puerto Rico pays the least at $35,730/year. BLS data covers 54 states and territories.
Which metro areas pay the most for Loan Officers?
The highest published metropolitan-area median in this ranking is Enid, OK at $104,990/year. BLS reports a median for 383 metropolitan areas for this occupation. The ranking does not establish why values differ.

What to do with this data

How to use Loan Officers pay figures in a real decision

  • The 75th-percentile wage is about $104,080/year. Treat it as the upper-quartile market boundary, not an automatic target for experience alone; role scope, location, industry, credentials, performance, and employer context still need separate evidence. Salary calculator
  • Location moves pay significantly: Massachusetts leads at $101,600/year for this role. Weigh state pay against local cost of living before relocating or negotiating remote. Pay by state
  • Compare this occupation against similar roles before you decide, so you are reading the pay band in context rather than in isolation. Compare jobs

These are BLS survey estimates for the occupation, not a salary offer or a prediction for any individual. Your pay depends on experience, employer, exact role, and location.

Data as of May 2025. Source: U.S. Bureau of Labor Statistics (BLS).

Occupational Employment and Wage Statistics (OEWS), May 2025 annual release. Employment projections from BLS Employment Projections program, 2024–2034. Data reflects cross-industry estimates for all ownership types.

These are survey estimates for the occupation, not a salary offer or a prediction for any individual. See how to use them.

Source data and WageDex calculations are identified in context on this page. Occupation wages use BLS OEWS May 2025; outlook uses BLS Employment Projections for 2024–2034; safety, skills, knowledge, and task panels identify their BLS or O*NET sources in context. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.

This page is for informational purposes only and does not constitute financial or career advice. Actual pay for a specific role, employer, or offer may differ from these national/state figures, consult a qualified career counselor, recruiter, or financial advisor before making decisions based on this data.