Loan Officer Salary in Philadelphia, PA
Loan Officers in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro area earn a median $77,590 a year — 1% more than the national median. After 2026 taxes, that is $61,033 take-home, or $5,086 a month.
Take-home pay calculator
Pre-filled with the median loan officer salary in Philadelphia, PA. Enter your own offer to see your paycheck.
- Federal income tax$8,240
- Social Security (6.2%)$4,811
- Medicare (1.45%)$1,125
- Pennsylvania income tax$2,382
- Take-home pay$61,033
Marginal rate: 22% federal + 3.07% state
Living in Philadelphia? City residents also pay Philadelphia’s Resident Wage Tax — about $2,902 a year on this salary — which lowers take-home pay to $58,131 ($4,844 a month). Choose “Philadelphia” under City income tax in the calculator. Suburban residents usually don’t pay it.
The Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro spans Pennsylvania, New Jersey, Delaware, Maryland. Pick the state you live in — state income tax follows your residence.
Got an offer somewhere else? Compare it with this one after taxes and rent →
Loan Officer pay by experience in Philadelphia, PA
| Percentile | Salary | Hourly | Take-home / yr | Per month |
|---|---|---|---|---|
| 10th percentile (entry level) | $43,540 | $20.93 | $35,828 | $2,986 |
| 25th percentile | $54,240 | $26.08 | $44,097 | $3,675 |
| Median (50th) | $77,590 | $37.30 | $61,033 | $5,086 |
| 75th percentile | $103,570 | $49.79 | $78,512 | $6,543 |
| 90th percentile (top earners) | $140,860 | $67.72 | $103,219 | $8,602 |
Wages: BLS Occupational Employment and Wage Statistics, May 2025. Take-home: single filer, Pennsylvania resident, 2026 tax rules.
What $77,590 buys in Philadelphia, PA
Prices in Philadelphia, PA are 2.6% higher than the U.S. average (housing costs are 1.13× the national average). Adjusted for local prices, a median loan officer's $61,033 take-home pay has the buying power of $59,513 in a typical American city.
Rents: HUD Fair Market Rents, FY2026 (40th-percentile gross rent incl. utilities). Price levels: BEA Regional Price Parities, 2024.
Loan Officer jobs are about as common in Philadelphia, PA as in the U.S. overall (location quotient 0.91).
Best-paying cities for loan officers, adjusted for cost of living
Philadelphia, PA ranks #11 of 21 metro areas once taxes and local prices are taken into account.
| # | Metro area | Median salary | Take-home | Real value* |
|---|---|---|---|---|
| 1 | Minneapolis, MN | $102,200 | $75,301 | $71,837 |
| 2 | Boston, MA | $103,400 | $76,622 | $70,772 |
| 3 | Columbus, OH | $82,160 | $65,153 | $68,245 |
| 4 | New York, NY | $101,570 | $75,332 | $66,924 |
| 5 | Washington, DC | $97,800 | $72,288 | $66,390 |
| 6 | Portland, OR | $96,100 | $68,857 | $65,316 |
| 7 | San Francisco, CA | $103,000 | $74,602 | $64,527 |
| 8 | Charlotte, NC | $78,200 | $61,232 | $62,900 |
| 11 | Philadelphia, PA | $77,590 | $61,033 | $59,513 |
*Take-home pay divided by the BEA price level, so every city is measured in U.S.-average dollars. See all 21 metros →
About the job: loan officers
Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods.
- Typical education
- Bachelor's degree
- Work experience
- Less than 5 years
- On-the-job training
- Moderate-term on-the-job training
- Job outlook, 2025–35
- +1.1% (slower than average)
Source: BLS Standard Occupational Classification and Employment Projections, 2025–35.
Frequently asked questions
How much does a loan officer make in Philadelphia, PA?
The median loan officer salary in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro area is $77,590 a year, or about $37.30 an hour, according to the Bureau of Labor Statistics (May 2025). The middle half earn between $54,240 and $103,570.
What is a loan officer’s take-home pay in Philadelphia, PA?
On the median $77,590 salary, a single filer living in Pennsylvania takes home about $61,033 a year ($5,086 a month) after federal tax, Social Security, Medicare and $2,382 in Pennsylvania taxes in 2026.
Is Philadelphia, PA a good place to work as a loan officer?
Pay here is 1% above the national median of $76,690. Local prices are 2.6% above the U.S. average, so the take-home pay buys what $59,513 would in a typical U.S. city. Philadelphia, PA ranks #11 of 21 metro areas for cost-of-living-adjusted pay in this job.
Can a loan officer afford rent in Philadelphia, PA?
HUD’s fair market rent for a one-bedroom in Philadelphia, PA is $1,520 a month ($1,810 for two bedrooms) — 30% of a median loan officer’s monthly take-home pay. Financial planners usually suggest keeping rent under about 30%.
Related jobs in Philadelphia, PA
- Personal Financial Advisor — $116,560
- Project Management Specialist — $104,160
- Management Analyst — $100,920
- Financial and Investment Analyst — $95,400
- Business Operations Specialists, All Other — $86,900
- Logistician — $86,900
- Accountant and Auditor — $85,990
- Financial Specialists, All Other — $84,680
- Insurance Underwriter — $84,580
- Compliance Officer — $83,000
- Claims Adjusters, Examiners, and Investigators — $81,560
- Buyer and Purchasing Agent — $81,470