Salaries › Loan Officer
Loan Officer Salary by State (2026)
How much does a Loan Officer make? The median Loan Officer salary in the US is about $75,854 per year (roughly $36.00 an hour), across 274,320 jobs (Loan Officers). But pay swings widely by state — the median ranges from $57,580 in West Virginia to $101,600 in Massachusetts. Pick your state below for the full pay range and an estimated take-home after taxes.
Median Loan Officer salary in every state
| State | Median salary | Jobs |
| Massachusetts | $101,600 | 4,470 |
| Connecticut | $95,730 | 2,220 |
| New York | $95,710 | 10,840 |
| Minnesota | $95,170 | 6,430 |
| Colorado | $94,520 | 3,230 |
| Oregon | $94,440 | 4,220 |
| New Jersey | $92,920 | 6,200 |
| District of Columbia | $92,890 | 370 |
| Vermont | $88,710 | 350 |
| Kansas | $86,970 | 3,540 |
| North Dakota | $84,650 | 1,370 |
| Iowa | $83,670 | 2,840 |
| Delaware | $83,130 | 1,420 |
| Maine | $81,900 | 1,060 |
| California | $81,770 | 25,790 |
| New Hampshire | $80,660 | 1,120 |
| Washington | $80,120 | 6,040 |
| South Dakota | $79,920 | 1,820 |
| Nebraska | $79,840 | 2,710 |
| Wyoming | $79,620 | 740 |
| Illinois | $79,150 | 10,890 |
| Virginia | $78,320 | 8,790 |
| Wisconsin | $78,290 | 4,940 |
| Rhode Island | $77,250 | 1,290 |
| Ohio | $76,370 | 9,880 |
| North Carolina | $75,920 | 10,700 |
| Michigan | $74,470 | 11,340 |
| Missouri | $73,660 | 7,050 |
| Maryland | $73,580 | 3,850 |
| Oklahoma | $72,990 | 4,100 |
| Indiana | $72,960 | 4,790 |
| Alaska | $72,800 | 490 |
| Montana | $71,570 | 1,180 |
| Florida | $71,090 | 18,830 |
| Idaho | $71,070 | 2,030 |
| Arkansas | $70,260 | 2,610 |
| Pennsylvania | $69,300 | 8,140 |
| Georgia | $68,490 | 9,540 |
| Alabama | $66,710 | 5,050 |
| Texas | $66,370 | 21,200 |
| Nevada | $64,500 | 2,580 |
| Hawaii | $63,740 | 980 |
| South Carolina | $63,220 | 4,140 |
| Tennessee | $62,800 | 6,510 |
| New Mexico | $62,610 | 1,140 |
| Arizona | $62,160 | 10,020 |
| Kentucky | $62,090 | 3,940 |
| Louisiana | $61,110 | 2,810 |
| Mississippi | $60,260 | 3,450 |
| Utah | $59,440 | 3,990 |
| West Virginia | $57,580 | 1,290 |
Frequently asked questions
- How much does a Loan Officer make?
- A Loan Officer makes a median of about $75,854 per year in the US (roughly $36.00 per hour), according to the latest BLS data. Pay ranges from $57,580 in West Virginia to $101,600 in Massachusetts depending on the state.
- What is the average Loan Officer salary in the US?
- The typical (employment-weighted median) Loan Officer salary in the US is about $75,854 per year, based on the latest BLS data covering 274,320 jobs nationwide.
- Which state pays Loan Officers the most?
- Massachusetts has the highest median Loan Officer salary at $101,600 per year. Remember that taxes and cost of living vary — a high gross salary can shrink after state taxes.
- Which state pays Loan Officers the least?
- West Virginia has the lowest median at $57,580 per year. Lower-paying states often also have lower living costs and, in some cases, no state income tax.
Sources and methodology
All figures: BLS OEWS May 2025 (state file, released April 2026) (Loan Officers, code 13-2072). “Typical pay” is the employment-weighted average of state medians. Take-home estimates on state pages use 2026 federal and verified state tax rules from our PaycheckTally engine.