Loan Officers Wages
SOC 13-2072 • Full occupation profile
The median annual wage for Loan Officers is $69,990 nationally (2023 BLS OEWS). The 10th percentile is $37,020 and the 90th percentile is $139,470, showing the wide spread of wages in this occupation.
National Wage Distribution (2023)
Employment
321,090
P10
$37,020
P25
$49,130
Median
$69,990
P75
$100,020
P90
$139,470
National Wage Trend
How national median and mean wages for Loan Officers have moved across BLS OEWS release years.
| Year | Median | Mean | P10 | P90 | Employment | YoY Median |
|---|---|---|---|---|---|---|
| 2023 | $69,990 | $84,490 | $37,020 | $139,470 | 321,090 | — |
| 2022 | $65,740 | $84,160 | $34,920 | $138,580 | 345,550 | -6.07% |
| 2021 | $63,380 | $80,570 | $32,520 | $138,310 | 340,170 | -3.59% |
| 2020 | $63,960 | $76,930 | $33,650 | $133,850 | 308,700 | +0.92% |
Wages by State (2023)
State-level OEWS wage estimates for Loan Officers. The highest median is in District of Columbia at $100,210, 43% above the U.S. median.
| Area | Median Annual | vs National | Mean Annual | Employment |
|---|---|---|---|---|
| District of Columbia | $100,210 | +43.2% | $181,550 | 380 |
| New York | $97,300 | +39% | $120,100 | 11,620 |
| Massachusetts | $96,940 | +38.5% | $110,060 | 6,410 |
| North Dakota | $86,440 | +23.5% | $93,020 | 1,420 |
| New Jersey | $82,560 | +18% | $89,970 | 7,190 |
| Minnesota | $82,330 | +17.6% | $95,870 | 7,270 |
| Delaware | $79,530 | +13.6% | $86,300 | 1,680 |
| Vermont | $79,490 | +13.6% | $97,300 | 430 |
| Wisconsin | $78,050 | +11.5% | $86,100 | 5,470 |
| Virginia | $77,070 | +10.1% | $97,030 | 9,610 |
| Georgia | $77,050 | +10.1% | $97,170 | 10,830 |
| Kansas | $76,920 | +9.9% | $86,160 | 4,450 |
| South Dakota | $76,640 | +9.5% | $80,930 | 2,000 |
| New Hampshire | $76,460 | +9.2% | $99,420 | 1,170 |
| Colorado | $76,170 | +8.8% | $86,250 | 5,090 |
| Iowa | $75,940 | +8.5% | $84,670 | 3,210 |
| Nebraska | $75,830 | +8.3% | $85,190 | 3,200 |
| Illinois | $75,250 | +7.5% | $87,530 | 12,170 |
| Rhode Island | $75,050 | +7.2% | $73,070 | 1,400 |
| Oregon | $74,660 | +6.7% | $91,100 | 4,080 |
| California | $73,380 | +4.8% | $89,010 | 30,520 |
| Washington | $73,110 | +4.5% | $84,430 | 7,620 |
| Michigan | $73,080 | +4.4% | $86,220 | 10,060 |
| Maine | $72,110 | +3% | $84,730 | 1,260 |
| Maryland | $71,800 | +2.6% | $95,350 | 3,940 |
| Connecticut | $71,440 | +2.1% | $95,350 | 2,810 |
| Arkansas | $69,100 | -1.3% | $80,920 | 3,020 |
| Oklahoma | $69,100 | -1.3% | $81,110 | 5,130 |
| Hawaii | $68,330 | -2.4% | $76,530 | 1,100 |
| Wyoming | $67,380 | -3.7% | $77,370 | 780 |
| North Carolina | $67,240 | -3.9% | $82,350 | 14,790 |
| Alaska | $66,320 | -5.2% | $81,420 | 550 |
| Indiana | $66,080 | -5.6% | $79,890 | 4,670 |
| Texas | $65,850 | -5.9% | $76,520 | 28,460 |
| Florida | $65,560 | -6.3% | $78,660 | 25,670 |
| Pennsylvania | $64,230 | -8.2% | $75,140 | 8,490 |
| Missouri | $64,170 | -8.3% | $77,380 | 8,450 |
| Kentucky | $64,100 | -8.4% | $71,580 | 3,900 |
| New Mexico | $63,410 | -9.4% | $70,500 | 1,250 |
| Ohio | $63,320 | -9.5% | $76,040 | 12,340 |
| Montana | $62,410 | -10.8% | $76,330 | 1,430 |
| Tennessee | $62,240 | -11.1% | $75,470 | 6,690 |
| Alabama | $62,140 | -11.2% | $77,330 | 5,780 |
| South Carolina | $61,580 | -12% | $73,510 | 4,000 |
| Utah | $59,780 | -14.6% | $79,580 | 5,400 |
| Idaho | $58,780 | -16% | $85,790 | 2,670 |
| Nevada | $55,900 | -20.1% | $77,420 | 3,450 |
| Arizona | $51,970 | -25.7% | $65,850 | 10,930 |
| West Virginia | $51,920 | -25.8% | $63,200 | 1,060 |
| Louisiana | $50,370 | -28% | $64,420 | 2,740 |
| Mississippi | $49,180 | -29.7% | $65,610 | 3,070 |