Loan Officer Salary in Baltimore, MD
Loan Officers in the Baltimore-Columbia-Towson, MD metro area earn a median $68,470 a year — 11% less than the national median. After 2026 taxes, that is $54,110 take-home, or $4,509 a month.
Take-home pay calculator
Pre-filled with the median loan officer salary in Baltimore, MD. Enter your own offer to see your paycheck.
- Federal income tax$6,233
- Social Security (6.2%)$4,245
- Medicare (1.45%)$993
- Maryland income tax$2,889
- Take-home pay$54,110
Marginal rate: 22% federal + 4.75% state
Loan Officer pay by experience in Baltimore, MD
| Percentile | Salary | Hourly | Take-home / yr | Per month |
|---|---|---|---|---|
| 10th percentile (entry level) | $33,610 | $16.16 | $27,953 | $2,329 |
| 25th percentile | $46,690 | $22.45 | $37,841 | $3,153 |
| Median (50th) | $68,470 | $32.92 | $54,110 | $4,509 |
| 75th percentile | $97,290 | $46.77 | $73,016 | $6,085 |
| 90th percentile (top earners) | $139,700 | $67.16 | $100,376 | $8,365 |
Wages: BLS Occupational Employment and Wage Statistics, May 2025. Take-home: single filer, Maryland resident, 2026 tax rules.
What $68,470 buys in Baltimore, MD
Prices in Baltimore, MD are 4.5% higher than the U.S. average (housing costs are 1.18× the national average). Adjusted for local prices, a median loan officer's $54,110 take-home pay has the buying power of $51,786 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 less concentrated in Baltimore, MD than nationally (location quotient 0.76), so openings may be scarcer.
Best-paying cities for loan officers, adjusted for cost of living
Baltimore, MD ranks #76 of 86 metro areas once taxes and local prices are taken into account.
| # | Metro area | Median salary | Take-home | Real value* |
|---|---|---|---|---|
| 1 | Des Moines, IA | $101,190 | $76,824 | $83,776 |
| 2 | Wichita, KS | $99,170 | $73,862 | $83,042 |
| 3 | Sioux Falls, SD | $81,380 | $66,081 | $72,912 |
| 4 | Bridgeport, CT | $103,850 | $77,752 | $72,758 |
| 5 | Minneapolis, MN | $102,200 | $75,301 | $71,837 |
| 6 | Denver, CO | $100,130 | $75,574 | $71,443 |
| 7 | Fayetteville, AR | $84,200 | $64,994 | $71,146 |
| 8 | Columbia, MO | $81,850 | $63,502 | $71,001 |
| 76 | Baltimore, MD | $68,470 | $54,110 | $51,786 |
*Take-home pay divided by the BEA price level, so every city is measured in U.S.-average dollars. See all 86 metros →
Frequently asked questions
How much does a loan officer make in Baltimore, MD?
The median loan officer salary in the Baltimore-Columbia-Towson, MD metro area is $68,470 a year, or about $32.92 an hour, according to the Bureau of Labor Statistics (May 2025). The middle half earn between $46,690 and $97,290.
What is a loan officer’s take-home pay in Baltimore, MD?
On the median $68,470 salary, a single filer living in Maryland takes home about $54,110 a year ($4,509 a month) after federal tax, Social Security, Medicare and $2,889 in Maryland taxes in 2026.
Is Baltimore, MD a good place to work as a loan officer?
Pay here is 11% below the national median of $76,690. Local prices are 4.5% above the U.S. average, so the take-home pay buys what $51,786 would in a typical U.S. city. Baltimore, MD ranks #76 of 86 metro areas for cost-of-living-adjusted pay in this job.
Can a loan officer afford rent in Baltimore, MD?
HUD’s fair market rent for a one-bedroom in Baltimore, MD is $1,511 a month ($1,857 for two bedrooms) — 34% of a median loan officer’s monthly take-home pay. Financial planners usually suggest keeping rent under about 30%.
Related jobs in Baltimore, MD
- Management Analyst — $117,750
- Project Management Specialist — $103,720
- Logistician — $102,700
- Personal Financial Advisor — $98,970
- Financial and Investment Analyst — $98,880
- Claims Adjusters, Examiners, and Investigators — $98,700
- Business Operations Specialists, All Other — $98,060
- Budget Analyst — $96,150
- Insurance Underwriter — $93,510
- Accountant and Auditor — $85,160
- Buyer and Purchasing Agent — $84,590
- Human Resources Specialist — $82,380