Loan Officer Salary in New York, NY
Loan Officers in the New York-Newark-Jersey City, NY-NJ metro area earn a median $101,570 a year — 32% more than the national median. After 2026 taxes, that is $75,332 take-home, or $6,278 a month.
Take-home pay calculator
Pre-filled with the median loan officer salary in New York, NY. Enter your own offer to see your paycheck.
- Federal income tax$13,515
- Social Security (6.2%)$6,297
- Medicare (1.45%)$1,473
- New York income tax$4,952
- Take-home pay$75,332
Marginal rate: 22% federal + 5.90% state
Living in New York City? City residents also pay New York City’s city income tax — about $3,502 a year on this salary — which lowers take-home pay to $71,830 ($5,986 a month). Choose “New York City” under City income tax in the calculator. Suburban residents usually don’t pay it.
The New York-Newark-Jersey City, NY-NJ metro spans New York, New Jersey. 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 New York, NY
| Percentile | Salary | Hourly | Take-home / yr | Per month |
|---|---|---|---|---|
| 10th percentile (entry level) | $58,860 | $28.30 | $46,893 | $3,908 |
| 25th percentile | $72,010 | $34.62 | $56,197 | $4,683 |
| Median (50th) | $101,570 | $48.83 | $75,332 | $6,278 |
| 75th percentile | $159,940 | $76.89 | $112,189 | $9,349 |
| 90th percentile (top earners) | $208,610 | $100.29 | $144,001 | $12,000 |
Wages: BLS Occupational Employment and Wage Statistics, May 2025. Take-home: single filer, New York resident, 2026 tax rules.
What $101,570 buys in New York, NY
Prices in New York, NY are 12.6% higher than the U.S. average (housing costs are 1.49× the national average). Adjusted for local prices, a median loan officer's $75,332 take-home pay has the buying power of $66,924 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 New York, NY than nationally (location quotient 0.62), so openings may be scarcer.
Best-paying cities for loan officers, adjusted for cost of living
New York, NY ranks #4 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 |
*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 New York, NY?
The median loan officer salary in the New York-Newark-Jersey City, NY-NJ metro area is $101,570 a year, or about $48.83 an hour, according to the Bureau of Labor Statistics (May 2025). The middle half earn between $72,010 and $159,940.
What is a loan officer’s take-home pay in New York, NY?
On the median $101,570 salary, a single filer living in New York takes home about $75,332 a year ($6,278 a month) after federal tax, Social Security, Medicare and $4,952 in New York taxes in 2026.
Is New York, NY a good place to work as a loan officer?
Pay here is 32% above the national median of $76,690. Local prices are 12.6% above the U.S. average, so the take-home pay buys what $66,924 would in a typical U.S. city. New York, NY ranks #4 of 21 metro areas for cost-of-living-adjusted pay in this job.
Can a loan officer afford rent in New York, NY?
HUD’s fair market rent for a one-bedroom in New York, NY is $2,378 a month ($2,697 for two bedrooms) — 38% of a median loan officer’s monthly take-home pay. Financial planners usually suggest keeping rent under about 30%.
Related jobs in New York, NY
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- Financial Risk Specialist — $139,670
- Credit Analyst — $136,500
- Financial Examiner — $133,380
- Financial and Investment Analyst — $128,930
- Project Management Specialist — $126,660
- Management Analyst — $124,390
- Financial Specialists, All Other — $109,580
- Labor Relations Specialist — $107,470
- Accountant and Auditor — $105,650
- Compliance Officer — $101,050
- Market Research Analyst and Marketing Specialist — $100,520