Loan Officers Employment & Job Outlook in Pennsylvania (2024)

Pennsylvania employs 8,490 Loan Officers professionals, above the national average concentration.

Data: BLS OEWS 2024 • Pennsylvania employment outlook • Updated 2026-04-06

Total Employed
8,490
professionals
Jobs per 1,000
8.49
workers
Location Quotient
1.35
vs national avg
Average Salary
$75K
annual

High Demand in Pennsylvania

The location quotient (LQ) of 1.35 indicates that Pennsylvania has a higher-than-average concentration of Loan Officers professionals. This means the job is in high demand relative to other states, suggesting strong local job market opportunities.

Note: Location Quotient (LQ) is the ratio of the percentage of workers in an occupation in a given area to the percentage in that occupation nationwide. An LQ > 1.0 means above-average concentration; < 1.0 means below-average.

Pennsylvania vs National Average

Total Employed
8,490
National: 321,110
2.6% of national
Jobs per 1,000
8.49
National: 6.3
+34.8%
Average Salary
$75K
National: $85K
-12.0%

Top States by Loan Officers Employment

#1
30,520
30,520
employed
#2
28,460
28,460
employed
#3
25,670
25,670
employed
#4
14,790
14,790
employed
#5
12,340
12,340
employed
#6
12,170
12,170
employed
#7
11,620
11,620
employed
#8
10,930
10,930
employed
#9
10,830
10,830
employed
#10
10,060
10,060
employed

What Does a Loan Officers Earn in Pennsylvania?

The average annual salary for a Loan Officers in Pennsylvania is $75,140. For a detailed breakdown by percentile, entry-level, median, and senior salaries, see the comprehensive salary guide below.

View full salary breakdown →

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Frequently Asked Questions

How many Loan Officers jobs are there in Pennsylvania?

Pennsylvania employs approximately 8,490 Loan Officers professionals (2024 BLS data). This ranks Pennsylvania among the top states nationwide.

Is Loan Officers in demand in Pennsylvania?

Yes — Pennsylvania has above-average concentration of Loan Officers jobs (LQ: 1.35). A Location Quotient above 1.0 indicates higher-than-average demand.

What is the average salary for Loan Officers in Pennsylvania?

The average (mean) salary for Loan Officers in Pennsylvania is $75140/year. See our detailed salary page for percentile breakdowns.

What is a Location Quotient (LQ)?

Location Quotient measures how concentrated an occupation is in a state compared to the national average. LQ > 1.0 means the state has more of that job proportionally. LQ > 1.2 indicates strong demand.

Which states employ the most Loan Officers professionals?

The top state for Loan Officers employment is California with 30,520 jobs.

Related Pages

Data Source

Employment and location quotient data sourced from the U.S. Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) 2024. This data reflects total employment, jobs per 1,000 workers, location quotient, and average salary for Loan Officers (SOC 132072) in Pennsylvania.

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