Loan Officer Salary

Loan Officers earn a median $76,690 a year nationally. Business and Financial Operations Occupations

U.S. median

$76,690

$36.87 per hour

Range

$39,430 – $153,180

10th to 90th percentile

Employed

274,330

across the U.S.

Loan Officer take-home pay calculator

Starts at the national median. Pick your state to see your real paycheck.

Your take-home pay

$62,781

per year · effective tax rate 18.1%

$5,232Monthly

$2,616Twice a month

$2,415Every 2 weeks

$30.18Hourly

Federal income tax$8,042
Social Security (6.2%)$4,755
Medicare (1.45%)$1,112
Texas income tax$0
Take-home pay$62,781

Marginal rate: 22% federal + 0.00% state

Pay by experience

Percentile	Salary	Hourly	Take-home (no state tax)
10th percentile (entry level)	$39,430	$18.96	$33,862
25th percentile	$52,730	$25.35	$44,549
Median (50th)	$76,690	$36.87	$62,781
75th percentile	$104,080	$50.04	$82,050
90th percentile (top earners)	$153,180	$73.64	$115,965

Best cities for loan officers (after tax & cost of living)

#	Metro area	Median	Take-home	Real value*	Jobs
1	Des Moines, IA	$101,190	$76,824	$83,776	650
2	Wichita, KS	$99,170	$73,862	$83,042	700
3	Sioux Falls, SD	$81,380	$66,081	$72,912	690
4	Bridgeport, CT	$103,850	$77,752	$72,758	560
5	Minneapolis, MN	$102,200	$75,301	$71,837	3,910
6	Denver, CO	$100,130	$75,574	$71,443	1,970
7	Fayetteville, AR	$84,200	$64,994	$71,146	500
8	Columbia, MO	$81,850	$63,502	$71,001	450
9	Boston, MA	$103,400	$76,622	$70,772	3,420
10	Kansas City, MO	$82,330	$63,817	$68,959	2,180
11	Tulsa, OK	$79,080	$61,450	$68,879	960
12	Columbus, OH	$82,160	$65,153	$68,245	2,410
13	Omaha, NE	$80,300	$62,547	$68,052	910
14	Springfield, MO	$76,040	$59,688	$67,379	480
15	New York, NY	$101,570	$75,332	$66,924	10,350
16	Milwaukee, WI	$83,660	$64,631	$66,674	1,180
17	Washington, DC	$97,800	$72,288	$66,390	5,000
18	Wilmington, NC	$82,340	$63,980	$66,354	520
19	Cleveland, OH	$77,730	$62,158	$66,180	1,920
20	Portland, OR	$96,100	$68,857	$65,316	2,840
21	Rochester, NY	$82,280	$62,868	$64,789	470
22	San Francisco, CA	$103,000	$74,602	$64,527	3,330
23	Lakeland, FL	$75,400	$61,874	$63,695	490
24	Cincinnati, OH	$75,300	$60,515	$63,453	2,060
25	San Jose, CA	$95,090	$69,876	$63,280	1,140

*Take-home pay in U.S.-average dollars (BEA Regional Price Parities).

Highest-paying cities

Bridgeport, CT — $103,850
Boston, MA — $103,400
San Francisco, CA — $103,000
Minneapolis, MN — $102,200
New York, NY — $101,570
Des Moines, IA — $101,190
Denver, CO — $100,130
Wichita, KS — $99,170
Washington, DC — $97,800
Portland, OR — $96,100
San Jose, CA — $95,090
Fayetteville, AR — $84,200
Seattle, WA — $83,720
Milwaukee, WI — $83,660
Hartford, CT — $83,160

Loan Officer salary by state

State	Median	Take-home	Range	Jobs
Massachusetts	$101,600	$75,446	$64,680 – $198,220	4,470
Connecticut	$95,730	$72,486	$50,300 – $171,280	2,220
New York	$95,710	$71,555	$49,410 – $211,350	10,840
Minnesota	$95,170	$70,834	$57,670 – $163,350	6,430
Colorado	$94,520	$71,874	$39,430 – $165,370	3,230
Oregon	$94,440	$67,835	$48,240 – $161,250	4,220
New Jersey	$92,920	$70,470	$50,490 – $169,280	6,200
District of Columbia	$92,890	$69,251	$45,860 – $157,630	370
Vermont	$88,710	$67,843	$56,820 – $168,070	350
Kansas	$86,970	$65,960	$48,560 – $160,560	3,540
North Dakota	$84,650	$67,990	$58,010 – $146,640	1,370
Iowa	$83,670	$65,164	$51,690 – $138,150	2,840
Delaware	$83,130	$63,166	$45,670 – $148,210	1,420
Maine	$81,900	$62,086	$46,710 – $140,680	1,060
California	$81,770	$61,917	$37,460 – $169,040	25,790
New Hampshire	$80,660	$65,574	$47,970 – $160,580	1,120
Washington	$80,120	$65,194	$39,000 – $162,240	6,040
South Dakota	$79,920	$65,054	$58,480 – $125,080	1,820
Nebraska	$79,840	$62,244	$49,360 – $136,640	2,710
Wyoming	$79,620	$64,843	$47,410 – $132,810	740
Illinois	$79,150	$60,739	$43,020 – $137,080	10,890
Virginia	$78,320	$60,239	$40,190 – $157,070	8,790
Wisconsin	$78,290	$61,138	$50,010 – $140,140	4,940
Rhode Island	$77,250	$60,895	$50,420 – $134,950	1,290
Ohio	$76,370	$61,238	$38,200 – $131,980	9,880
North Carolina	$75,920	$59,719	$43,270 – $130,480	10,700
Michigan	$74,470	$58,305	$36,830 – $135,700	11,340
Missouri	$73,660	$58,125	$38,910 – $136,130	7,050
Maryland	$73,580	$57,462	$37,470 – $159,860	3,850
Oklahoma	$72,990	$57,439	$36,510 – $158,710	4,100
Indiana	$72,960	$58,035	$43,870 – $129,740	4,790
Alaska	$72,800	$60,045	$26,730 – $123,570	490
Montana	$71,570	$56,497	$48,130 – $123,130	1,180
Florida	$71,090	$58,842	$33,180 – $133,070	18,830
Idaho	$71,070	$56,169	$43,160 – $156,410	2,030
Arkansas	$70,260	$55,731	$39,210 – $136,500	2,610
Pennsylvania	$69,300	$55,455	$39,990 – $132,900	8,140
Georgia	$68,490	$54,081	$39,490 – $138,800	9,540
Alabama	$66,710	$52,690	$42,090 – $155,660	5,050
Texas	$66,370	$55,508	$34,150 – $135,280	21,200
Nevada	$64,500	$54,006	$29,640 – $163,930	2,580
Hawaii	$63,740	$50,081	$34,150 – $131,020	980
South Carolina	$63,220	$50,341	$37,080 – $142,260	4,140
Tennessee	$62,800	$52,640	$38,240 – $113,290	6,510
New Mexico	$62,610	$50,710	$27,700 – $122,960	1,140
Arizona	$62,160	$50,780	$35,960 – $133,890	10,020
Kentucky	$62,090	$50,014	$41,620 – $124,520	3,940
Louisiana	$61,110	$49,835	$38,100 – $124,420	2,810
Mississippi	$60,260	$48,921	$37,030 – $131,510	3,450
Utah	$59,440	$48,231	$37,790 – $128,200	3,990
West Virginia	$57,580	$46,588	$37,830 – $114,800	1,290

Frequently asked questions

How much does a loan officer make?

The national median salary for loan officers is $76,690 a year ($36.87 an hour). The lowest-paid 10% earn under $39,430 and the top 10% earn over $153,180. Source: BLS, May 2025.

Which state pays loan officers the most?

Massachusetts has the highest median pay at $101,600. After taxes and local prices, Des Moines, IA offers the best real take-home pay of any metro area.

How many loan officers are there in the U.S.?

About 274,330 people work as loan officers nationwide.

All 86 cities