Loan Officers Salary 2025: $76,540 Median Pay (BLS OEWS)
- Official U.S. BLS OEWS data (May 2025)
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- Not self-reported estimates
$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.
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The national median wage for loan officers (BLS SOC 13-2072) is $76,540 per year — about $37/hour — across 159,960 workers in 70 U.S. metros in the BLS OEWS May 2025 release. The mean wage of $91,744 sits above the median, which means a minority of high earners pulls the average up — the median is the more honest benchmark for a typical offer.
Experience drives the range as much as anything: the 10th percentile earns $41,691 while the 90th earns $154,603 — a 3.7× gap from entry-level to the top of the field. Most loan officers land in the $56,741–$116,959 band (25th–75th percentile), which is the right anchor when you size up an offer.
Location matters too. Bridgeport, CT, CT posts the highest median at $103,850, versus $58,400 in Greensboro, NC, NC — a 78% gap. But adjusted for cost of living, Wichita, KS delivers the strongest real purchasing power ($118,060 in national-average dollars), which can flip the nominal ranking for anyone weighing a move.
Finance compensation for loan officer roles skews heavily toward variable pay — bonuses, commissions, and deferred comp that OEWS does not capture — so the base-wage figures here understate total pay, especially in high-cost financial-center metros.
Loan Officers Salary by Experience Level (2025)
BLS OEWS doesn’t publish wages by years of experience, but its national percentile bands map cleanly to career stages. Here’s what loan officers earn from entry-level to the top of the field.
| Career stage | Typical experience | BLS percentile | Annual wage |
|---|---|---|---|
| Entry-level | 0–2 years | 10th | $41,691 |
| Junior / early-career | 2–5 years | 25th | $56,741 |
| Mid-career | 5–10 years | 50th (median) | $79,316 |
| Senior | 10–15 years | 75th | $116,959 |
| Top earners | 15+ years | 90th | $154,603 |
Experience bands are SalaryTruth’s interpretation of BLS OEWS percentiles, not a separate BLS series. Actual pay varies by employer, specialization, and region.
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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Loan Officer & H-1B Prevailing Wage
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Loan Officer prevailing wage in Bridgeport, CT →Frequently Asked Questions
The national median salary for Loan Officer is $76,540 as of 2025 (BLS OEWS). The national mean (average) is $91,744. Salaries range from $58,400 to $103,850 median depending on city and cost of living.
Entry-level loan officers (10th percentile) earn about $41,691 per year nationally. Pay rises with experience to a median of $76,540, $116,959 at the 75th percentile, and $154,603 for the top 10% of earners.
The median loan officer earns about $37/hour, based on the $76,540 annual median over a standard 2,080-hour work year (BLS OEWS, May 2025).
Bridgeport, CT, CT posts the highest median for Loan Officer at $103,850, well above the national median of $76,540. Cost of living matters, though — see the COL-adjusted column in the city table above, which can reorder the rankings.
There are approximately 159,960 Loan Officer positions in the US across 70 metropolitan areas tracked by the Bureau of Labor Statistics OEWS survey.
The 90th percentile loan officer earns $154,603 — about 3.7× the $41,691 entry-level wage. A spread that wide signals real income growth potential with experience, specialization, and location.
No. BLS OEWS reports base wages only — bonuses, commissions, overtime, and equity are excluded. For roles where variable pay is common, total compensation runs above the figures shown here.
Salary data from BLS Occupational Employment and Wage Statistics. COL adjustments use BEA Regional Price Parities.
Source: BLS Occupational Employment and Wage Statistics, May 2025 release.