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Loan Officers Salary by State (2024)

Compare Loan Officers salaries across 50 states

$72,911
National Average (Median)
$98,940
Highest: New York
$49,550
Lowest: West Virginia

Top 5 Highest-Paying States

#1
New York
$98,940
#2
New Jersey
$95,090
#3
Massachusetts
$93,430
#4
Vermont
$86,490
#5
Minnesota
$84,480

Loan Officers Salary in All 50 States

# State Median Salary Mean Salary Employment
1 New York $98,940 $122,170 11,850
2 New Jersey $95,090 $100,160 5,690
3 Massachusetts $93,430 $109,310 4,310
4 Vermont $86,490 $100,750 440
5 Minnesota $84,480 $96,180 6,950
6 North Dakota $82,990 $92,790 1,370
7 Kansas $82,540 $94,250 3,950
8 Delaware $80,760 $90,620 1,480
9 Iowa $80,070 $91,590 3,350
10 Colorado $79,800 $91,240 3,700
11 Virginia $79,600 $95,510 9,170
12 California $79,580 $94,870 27,420
13 Wisconsin $79,230 $88,800 5,020
14 New Hampshire $78,670 $97,290 1,190
15 South Dakota $78,590 $83,250 1,930
16 Maine $78,040 $84,090 1,170
17 Connecticut $77,580 $96,460 2,680
18 Rhode Island $77,460 $80,110 1,560
19 Washington $77,040 $86,430 6,480
20 Wyoming $76,460 $90,140 750
21 Illinois $75,960 $88,570 10,330
22 North Carolina $75,820 $88,100 11,890
23 Nebraska $75,730 $87,780 2,730
24 Oregon $74,720 $93,460 3,810
25 Maryland $73,340 $88,000 3,990
26 Missouri $72,730 $79,000 7,000
27 New Mexico $72,690 $80,640 970
28 Michigan $72,680 $82,830 10,910
29 Georgia $72,250 $87,150 9,480
30 Indiana $71,400 $79,640 4,740
31 Florida $71,340 $82,250 19,750
32 Hawaii $70,280 $82,030 960
33 Arkansas $70,050 $83,550 2,810
34 Ohio $69,220 $83,610 10,340
35 Kentucky $68,600 $76,190 3,990
36 Montana $65,960 $77,480 1,390
37 Oklahoma $65,720 $80,490 4,530
38 Alaska $65,160 $80,200 510
39 Idaho $64,380 $89,820 2,290
40 Texas $63,770 $76,010 24,070
41 Tennessee $63,160 $73,980 7,610
42 South Carolina $61,690 $72,060 4,280
43 Pennsylvania $61,470 $72,020 8,820
44 Utah $60,870 $77,600 5,590
45 Alabama $60,750 $78,300 5,680
46 Mississippi $59,950 $72,540 2,770
47 Nevada $58,400 $80,660 2,960
48 Louisiana $57,320 $68,580 3,010
49 Arizona $53,760 $65,640 11,420
50 West Virginia $49,550 $61,800 1,300

Data Source & Methodology

Salary data is sourced from the U.S. Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) survey, 2024 estimates.

Our Methodology · Data Sources · Source: BLS OEWS

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