Loan Officers Salary 2025: $76,540 Median Pay (BLS OEWS)
$76,540 per year is the national median annual wage for loan officers (BLS OEWS, May 2025 reference period). That works out to about $37/hour, with a 10th–90th percentile range of $60,460 to $187,830. The Bureau of Labor Statistics classifies this role under SOC code 13-2072.
Key Facts (BLS OEWS, May 2025)
- Median annual wage
- $76,540
- Median hourly wage
- $37/hr
- Mean annual wage
- $91,744
- Total US employment
- 159,960
- Top-paying metro
- Bridgeport, CT, CT ($103,850)
- BLS SOC code
- 13-2072
Source: BLS Occupational Employment and Wage Statistics, May 2025 release.
Loan Officer (SOC 13-2072) is a mid-paying occupation, with a national median wage of $76,540. BLS OEWS reports 159,960 workers in this role nationally.
Cross-city wage variation runs moderate — $58,400 to $103,850 median across 70 cities, about 78% above the floor. The spread is large enough to matter for relocation decisions but not large enough to dominate them. Loan Officer sits in the Finance category — a sector with substantial variable compensation (bonuses, commissions, deferred comp) that BLS OEWS does not fully capture. The base wage figures here understate total compensation, particularly in high-cost financial-center cities.
Salary Range (BLS Percentiles)
Loan Officers salaries range from $58,400 to $103,850 median across cities, depending on location, experience, and industry.
Loan Officers Salary by City (BLS OEWS)
| City | 10th | 25th | Median | 75th | 90th | COL-Adjusted | Jobs |
|---|---|---|---|---|---|---|---|
| Bridgeport, CT | $60,460 | $77,816 | $103,850 | $145,840 | $187,830 | $75,527 | 560 |
| Boston, MA | $65,120 | $80,432 | $103,400 | $154,110 | $204,820 | $67,982 | 3,420 |
| San Francisco, CA | $44,440 | $67,864 | $103,000 | $152,040 | $201,080 | $57,350 | 3,330 |
| Minneapolis, MN | $61,360 | $77,696 | $102,200 | $146,495 | $190,790 | $96,234 | 3,910 |
| New York, NY | $58,860 | $75,944 | $101,570 | $155,090 | $208,610 | $54,257 | 10,350 |
| Des Moines, IA | $55,960 | $74,052 | $101,190 | $132,550 | $163,910 | $108,457 | 650 |
| Denver, CO | $39,430 | $63,710 | $100,130 | $133,845 | $167,560 | $88,768 | 1,970 |
| Wichita, KS | $49,590 | $69,422 | $99,170 | $127,980 | $156,790 | $118,060 | 700 |
| Washington, DC | $46,790 | $67,194 | $97,800 | $133,670 | $169,540 | $64,005 | 5,000 |
| Portland, OR | $45,780 | $65,908 | $96,100 | $129,500 | $162,900 | $73,866 | 2,840 |
| San Jose, CA | $40,570 | $62,378 | $95,090 | $150,325 | $205,560 | $48,565 | 1,140 |
| Seattle, WA | $38,040 | $56,312 | $83,720 | $124,145 | $164,570 | $56,037 | 3,110 |
| Milwaukee, WI | $49,400 | $63,104 | $83,660 | $120,275 | $156,890 | $85,893 | 1,180 |
| Hartford, CT | $52,570 | $64,806 | $83,160 | $113,790 | $144,420 | $73,854 | 920 |
| Kansas City, MO | $46,350 | $60,742 | $82,330 | $116,515 | $150,700 | $86,300 | 2,180 |
| Rochester, NY | $52,180 | $64,220 | $82,280 | $148,720 | $215,160 | $88,568 | 470 |
| Columbus, OH | $39,650 | $56,654 | $82,160 | $113,520 | $144,880 | $88,249 | 2,410 |
| San Diego, CA | $39,640 | $56,492 | $81,770 | $124,955 | $168,140 | $51,042 | 2,360 |
| Los Angeles, CA | $35,930 | $53,702 | $80,360 | $124,110 | $167,860 | $48,410 | 9,690 |
| Omaha, NE | $50,550 | $62,450 | $80,300 | $119,470 | $158,640 | $87,473 | 910 |
| Chicago, IL | $40,710 | $56,442 | $80,040 | $111,600 | $143,160 | $74,595 | 7,380 |
| Colorado Springs, CO | $35,810 | $53,394 | $79,770 | $118,345 | $156,920 | $76,335 | 380 |
| Albany, NY | $47,860 | $60,600 | $79,710 | $123,415 | $167,120 | $79,156 | 560 |
| Sacramento, CA | $39,800 | $55,556 | $79,190 | $120,335 | $161,480 | $63,504 | 1,580 |
| Tulsa, OK | $38,440 | $54,696 | $79,080 | $121,950 | $164,820 | $91,106 | 960 |
| Madison, WI | $51,290 | $62,310 | $78,840 | $117,340 | $155,840 | $75,954 | 650 |
| Riverside-San Bernardino, CA | $34,490 | $52,178 | $78,710 | $130,285 | $181,860 | $64,306 | 1,500 |
| Providence, RI | $50,420 | $61,652 | $78,500 | $107,875 | $137,250 | $65,745 | 1,460 |
| Charlotte, NC | $39,350 | $54,890 | $78,200 | $108,050 | $137,900 | $80,869 | 4,080 |
| Fresno, CA | $35,680 | $52,632 | $78,060 | $124,075 | $170,090 | $73,991 | 470 |
| Philadelphia, PA | $43,540 | $57,160 | $77,590 | $109,225 | $140,860 | $65,532 | 4,660 |
| Raleigh, NC | $48,320 | $59,924 | $77,330 | $102,315 | $127,300 | $77,485 | 1,560 |
| Spokane, WA | $42,000 | $56,088 | $77,220 | $113,490 | $149,760 | $79,281 | 680 |
| Bakersfield, CA | $38,630 | $53,778 | $76,500 | $117,685 | $158,870 | $76,044 | 290 |
| Atlanta, GA | $43,520 | $56,648 | $76,340 | $113,595 | $150,850 | $76,956 | 5,550 |
| Detroit, MI | $36,520 | $52,416 | $76,260 | $105,980 | $135,700 | $80,189 | 7,200 |
| Buffalo, NY | $45,540 | $57,792 | $76,170 | $124,950 | $173,730 | $82,346 | 900 |
| Cincinnati, OH | $42,290 | $55,494 | $75,300 | $102,985 | $130,670 | $82,566 | 2,060 |
| Indianapolis, IN | $42,640 | $55,500 | $74,790 | $102,465 | $130,140 | $83,008 | 1,690 |
| St. Louis, MO | $38,370 | $52,826 | $74,510 | $111,755 | $149,000 | $82,789 | 2,690 |
| Dallas, TX | $36,510 | $51,478 | $73,930 | $102,520 | $131,110 | $71,018 | 8,370 |
| Pittsburgh, PA | $39,990 | $53,338 | $73,360 | $101,275 | $129,190 | $79,480 | 1,440 |
| Anchorage, AK | $26,720 | $45,152 | $72,800 | $98,805 | $124,810 | $57,323 | 370 |
| Tampa, FL | $38,850 | $52,198 | $72,220 | $101,535 | $130,850 | $72,510 | 3,850 |
| Miami, FL | $33,140 | $48,488 | $71,510 | $110,055 | $148,600 | $58,091 | 4,190 |
| Richmond, VA | $40,190 | $51,958 | $69,610 | $99,335 | $129,060 | $68,178 | 1,480 |
| Baltimore, MD | $33,610 | $47,554 | $68,470 | $104,085 | $139,700 | $59,956 | 1,810 |
| Houston, TX | $26,160 | $42,720 | $67,560 | $120,050 | $172,540 | $70,010 | 3,410 |
| Orlando, FL | $29,630 | $44,762 | $67,460 | $98,905 | $130,350 | $65,432 | 2,260 |
| San Antonio, TX | $34,380 | $47,352 | $66,810 | $95,425 | $124,040 | $73,016 | 1,510 |
| Birmingham, AL | $44,930 | $53,654 | $66,740 | $112,765 | $158,790 | $73,827 | 1,730 |
| Oklahoma City, OK | $35,780 | $48,060 | $66,480 | $112,055 | $157,630 | $76,855 | 1,460 |
| Boise, ID | $45,230 | $53,718 | $66,450 | $114,035 | $161,620 | $65,083 | 810 |
| Las Vegas, NV | $35,370 | $47,442 | $65,550 | $115,920 | $166,290 | $60,138 | 1,920 |
| Jacksonville, FL | $37,690 | $48,598 | $64,960 | $98,760 | $132,560 | $68,307 | 2,140 |
| Louisville, KY | $42,700 | $51,404 | $64,460 | $95,110 | $125,760 | $71,463 | 1,120 |
| Knoxville, TN | $39,650 | $49,322 | $63,830 | $90,300 | $116,770 | $70,687 | 930 |
| Lexington, KY | $43,570 | $51,646 | $63,760 | $98,990 | $134,220 | $69,836 | 420 |
| Memphis, TN | $38,210 | $48,226 | $63,250 | $97,315 | $131,380 | $75,298 | 930 |
| Nashville, TN | $39,350 | $48,730 | $62,800 | $89,005 | $115,210 | $62,612 | 1,770 |
| Little Rock, AR | $37,190 | $47,402 | $62,720 | $96,510 | $130,300 | $71,111 | 660 |
| Albuquerque, NM | $26,240 | $40,644 | $62,250 | $83,375 | $104,500 | $66,223 | 630 |
| New Orleans, LA | $46,180 | $52,604 | $62,240 | $97,550 | $132,860 | $64,901 | 470 |
| Reno, NV | $24,960 | $39,848 | $62,180 | $107,870 | $153,560 | $58,385 | 380 |
| Greenville, SC | $37,590 | $47,350 | $61,990 | $98,500 | $135,010 | $68,801 | 790 |
| Phoenix, AZ | $35,840 | $46,244 | $61,850 | $97,850 | $133,850 | $61,420 | 8,350 |
| Salt Lake City, UT | $39,910 | $48,406 | $61,150 | $94,950 | $128,750 | $60,306 | 0 |
| Austin, TX | $22,330 | $37,082 | $59,210 | $99,905 | $140,600 | $57,485 | 1,890 |
| Tucson, AZ | $31,660 | $42,372 | $58,440 | $101,945 | $145,450 | $61,258 | 500 |
| Greensboro, NC | $48,890 | $52,694 | $58,400 | $82,160 | $105,920 | $63,965 | 970 |
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Frequently Asked Questions
The national median salary for Loan Officer is $76,540 as of 2025. The national mean (average) is $91,744. Salaries range from $58,400 to $103,850 depending on city and cost of living.
Loan Officer salaries vary significantly by metro area. The highest-paying cities offer median salaries well above the national average of $76,540, though cost of living should be factored in. Check the city breakdown table above for COL-adjusted figures.
There are approximately 159,960 Loan Officer positions in the US across 70 metropolitan areas tracked by the Bureau of Labor Statistics.
Loan Officer positions at the 90th percentile earn significantly more than the median, suggesting strong income growth potential with experience and specialization. The gap between the 10th and 90th percentile indicates the impact that skills, location, and seniority have on compensation.
Salary data from BLS Occupational Employment and Wage Statistics. COL adjustments use BEA Regional Price Parities.
Source: BLS Occupational Employment and Wage Statistics, 2026.