Loan Officers Salary by State
The national median pay for loan officers is $76,690 a year. By state, it ranges from $57,580 in West Virginia to $101,600 in Massachusetts.
Updated October 2026 · Data: BLS OEWS May 2025 · How we match careers
U.S. pay range
- Lowest 10%
- $39,430
- 25th percentile
- $52,730
- Median
- $76,690
- 75th percentile
- $104,080
- Top 10%
- $153,180
Annual pay, all U.S. workers in this job. About 274,330 jobs.
Median pay in 50 states and DC
| # | State | Median | vs. U.S. | Lowest 10% | Top 10% | Jobs |
|---|---|---|---|---|---|---|
| 1 | Massachusetts | $101,600 | +32% | $64,680 | $198,220 | 4,470 |
| 2 | Connecticut | $95,730 | +25% | $50,300 | $171,280 | 2,220 |
| 3 | New York | $95,710 | +25% | $49,410 | $211,350 | 10,840 |
| 4 | Minnesota | $95,170 | +24% | $57,670 | $163,350 | 6,430 |
| 5 | Colorado | $94,520 | +23% | $39,430 | $165,370 | 3,230 |
| 6 | Oregon | $94,440 | +23% | $48,240 | $161,250 | 4,220 |
| 7 | New Jersey | $92,920 | +21% | $50,490 | $169,280 | 6,200 |
| 8 | District of Columbia | $92,890 | +21% | $45,860 | $157,630 | 370 |
| 9 | Vermont | $88,710 | +16% | $56,820 | $168,070 | 350 |
| 10 | Kansas | $86,970 | +13% | $48,560 | $160,560 | 3,540 |
| 11 | North Dakota | $84,650 | +10% | $58,010 | $146,640 | 1,370 |
| 12 | Iowa | $83,670 | +9% | $51,690 | $138,150 | 2,840 |
| 13 | Delaware | $83,130 | +8% | $45,670 | $148,210 | 1,420 |
| 14 | Maine | $81,900 | +7% | $46,710 | $140,680 | 1,060 |
| 15 | California | $81,770 | +7% | $37,460 | $169,040 | 25,790 |
| 16 | New Hampshire | $80,660 | +5% | $47,970 | $160,580 | 1,120 |
| 17 | Washington | $80,120 | +4% | $39,000 | $162,240 | 6,040 |
| 18 | South Dakota | $79,920 | +4% | $58,480 | $125,080 | 1,820 |
| 19 | Nebraska | $79,840 | +4% | $49,360 | $136,640 | 2,710 |
| 20 | Wyoming | $79,620 | +4% | $47,410 | $132,810 | 740 |
| 21 | Illinois | $79,150 | +3% | $43,020 | $137,080 | 10,890 |
| 22 | Virginia | $78,320 | +2% | $40,190 | $157,070 | 8,790 |
| 23 | Wisconsin | $78,290 | +2% | $50,010 | $140,140 | 4,940 |
| 24 | Rhode Island | $77,250 | +1% | $50,420 | $134,950 | 1,290 |
| 25 | Ohio | $76,370 | 0% | $38,200 | $131,980 | 9,880 |
| 26 | North Carolina | $75,920 | −1% | $43,270 | $130,480 | 10,700 |
| 27 | Michigan | $74,470 | −3% | $36,830 | $135,700 | 11,340 |
| 28 | Missouri | $73,660 | −4% | $38,910 | $136,130 | 7,050 |
| 29 | Maryland | $73,580 | −4% | $37,470 | $159,860 | 3,850 |
| 30 | Oklahoma | $72,990 | −5% | $36,510 | $158,710 | 4,100 |
| 31 | Indiana | $72,960 | −5% | $43,870 | $129,740 | 4,790 |
| 32 | Alaska | $72,800 | −5% | $26,730 | $123,570 | 490 |
| 33 | Montana | $71,570 | −7% | $48,130 | $123,130 | 1,180 |
| 34 | Florida | $71,090 | −7% | $33,180 | $133,070 | 18,830 |
| 35 | Idaho | $71,070 | −7% | $43,160 | $156,410 | 2,030 |
| 36 | Arkansas | $70,260 | −8% | $39,210 | $136,500 | 2,610 |
| 37 | Pennsylvania | $69,300 | −10% | $39,990 | $132,900 | 8,140 |
| 38 | Georgia | $68,490 | −11% | $39,490 | $138,800 | 9,540 |
| 39 | Alabama | $66,710 | −13% | $42,090 | $155,660 | 5,050 |
| 40 | Texas | $66,370 | −13% | $34,150 | $135,280 | 21,200 |
| 41 | Nevada | $64,500 | −16% | $29,640 | $163,930 | 2,580 |
| 42 | Hawaii | $63,740 | −17% | $34,150 | $131,020 | 980 |
| 43 | South Carolina | $63,220 | −18% | $37,080 | $142,260 | 4,140 |
| 44 | Tennessee | $62,800 | −18% | $38,240 | $113,290 | 6,510 |
| 45 | New Mexico | $62,610 | −18% | $27,700 | $122,960 | 1,140 |
| 46 | Arizona | $62,160 | −19% | $35,960 | $133,890 | 10,020 |
| 47 | Kentucky | $62,090 | −19% | $41,620 | $124,520 | 3,940 |
| 48 | Louisiana | $61,110 | −20% | $38,100 | $124,420 | 2,810 |
| 49 | Mississippi | $60,260 | −21% | $37,030 | $131,510 | 3,450 |
| 50 | Utah | $59,440 | −22% | $37,790 | $128,200 | 3,990 |
| 51 | West Virginia | $57,580 | −25% | $37,830 | $114,800 | 1,290 |
BLS OEWS May 2025 state estimates. States without published data are not listed. “Not published”: BLS withheld the value or it is above the highest amount BLS publishes. Pay is not adjusted for living costs.
Loan Officers salary questions
Which state pays loan officers the most?
Massachusetts, with a median of $101,600 a year (+32% vs. the national median of $76,690). BLS May 2025.
Which state pays loan officers the least?
West Virginia, with a median of $57,580 a year (−25% vs. national).
Where do most loan officers work?
California has the most jobs, about 25,790, with a median of $81,770.
Does a higher salary mean more money left over?
Not always. These are pay figures only. Living costs, taxes and housing differ a lot between states, and this page does not adjust for them.