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Loan Officer Salary

Updated

The median loan officer in the U.S. earns $76,690 a year ($36.87 an hour). Half earn between $52,730 and $104,080. Among the 50 largest metro areas, pay is highest in Boston, MA ($103,400) and lowest in Austin, TX ($59,210).

Percentiles. Dark: the middle half of earners. Red line: median.
Loan Officers, May 2025.
Annual payU.S.
10th percentile$39,430
25th percentile$52,730
Median$76,690
75th percentile$104,080
90th percentile$153,180
Average$87,790
Jobs274,330

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Loan officer pay by city

Median annual pay, May 2025, by metro area. Compared with the U.S. median ($76,690).
CityMedianvs U.S.
Boston, MA$103,400+35%
San Francisco, CA$103,000+34%
Minneapolis, MN$102,200+33%
New York, NY$101,570+32%
Denver, CO$100,130+31%
Washington, DC$97,800+28%
Portland, OR$96,100+25%
San Jose, CA$95,090+24%
Seattle, WA$83,720+9%
Milwaukee, WI$83,660+9%
Hartford, CT$83,160+8%
Kansas City, MO$82,330+7%
Columbus, OH$82,160+7%
San Diego, CA$81,770+7%
Los Angeles, CA$80,360+5%
Chicago, IL$80,040+4%
Sacramento, CA$79,190+3%
Riverside, CA$78,710+3%
Providence, RI$78,500+2%
Charlotte, NC$78,200+2%
Cleveland, OH$77,730+1%
Philadelphia, PA$77,590+1%
Raleigh, NC$77,330+1%
Atlanta, GA$76,340same
Detroit, MI$76,260−1%
Buffalo, NY$76,170−1%
Cincinnati, OH$75,300−2%
Indianapolis, IN$74,790−2%
St. Louis, MO$74,510−3%
Dallas, TX$73,930−4%
Pittsburgh, PA$73,360−4%
Tampa, FL$72,220−6%
Grand Rapids, MI$71,760−6%
Miami, FL$71,510−7%
Richmond, VA$69,610−9%
Baltimore, MD$68,470−11%
Houston, TX$67,560−12%
Orlando, FL$67,460−12%
San Antonio, TX$66,810−13%
Birmingham, AL$66,740−13%
Oklahoma City, OK$66,480−13%
Las Vegas, NV$65,550−15%
Jacksonville, FL$64,960−15%
Louisville, KY$64,460−16%
Virginia Beach, VA$64,080−16%
Memphis, TN$63,250−18%
Nashville, TN$62,800−18%
Phoenix, AZ$61,850−19%
Salt Lake City, UT$61,150−20%
Austin, TX$59,210−23%

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Sources

U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025, www.bls.gov/oes. BLS.gov cannot vouch for the data or analyses derived from these data after the data have been retrieved from BLS.gov.