Median pay for loan officers in each state, from the BLS Occupational Employment and Wage Statistics (May 2025). Nationally the median is $76,690 a year across about 283,000 jobs. More about this career.
By state
Listed alphabetically to start; MajorPays does not rank states. Click a column heading to sort; shift-click more headings to sort by several columns as a group.
| State | Median pay | 10th to 90th percentile | Jobs |
|---|---|---|---|
| Alabama | $66,710 | $42,090–$155,660 | 5,050 |
| Arizona | $62,160 | $35,960–$133,890 | 10,020 |
| Arkansas | $70,260 | $39,210–$136,500 | 2,610 |
| California | $81,770 | $37,460–$169,040 | 25,790 |
| Colorado | $94,520 | $39,430–$165,370 | 3,230 |
| Connecticut | $95,730 | $50,300–$171,280 | 2,220 |
| Delaware | $83,130 | $45,670–$148,210 | 1,420 |
| Florida | $71,090 | $33,180–$133,070 | 18,830 |
| Georgia | $68,490 | $39,490–$138,800 | 9,540 |
| Idaho | $71,070 | $43,160–$156,410 | 2,030 |
| Illinois | $79,150 | $43,020–$137,080 | 10,890 |
| Indiana | $72,960 | $43,870–$129,740 | 4,790 |
| Iowa | $83,670 | $51,690–$138,150 | 2,840 |
| Kansas | $86,970 | $48,560–$160,560 | 3,540 |
| Kentucky | $62,090 | $41,620–$124,520 | 3,940 |
| Louisiana | $61,110 | $38,100–$124,420 | 2,810 |
| Maine | $81,900 | $46,710–$140,680 | 1,060 |
| Maryland | $73,580 | $37,470–$159,860 | 3,850 |
| Massachusetts | $101,600 | $64,680–$198,220 | 4,470 |
| Michigan | $74,470 | $36,830–$135,700 | 11,340 |
| Minnesota | $95,170 | $57,670–$163,350 | 6,430 |
| Mississippi | $60,260 | $37,030–$131,510 | 3,450 |
| Missouri | $73,660 | $38,910–$136,130 | 7,050 |
| Montana | $71,570 | $48,130–$123,130 | 1,180 |
| Nebraska | $79,840 | $49,360–$136,640 | 2,710 |
| Nevada | $64,500 | $29,640–$163,930 | 2,580 |
| New Hampshire | $80,660 | $47,970–$160,580 | 1,120 |
| New Jersey | $92,920 | $50,490–$169,280 | 6,200 |
| New Mexico | $62,610 | $27,700–$122,960 | 1,140 |
| New York | $95,710 | $49,410–$211,350 | 10,840 |
| North Carolina | $75,920 | $43,270–$130,480 | 10,700 |
| North Dakota | $84,650 | $58,010–$146,640 | 1,370 |
| Ohio | $76,370 | $38,200–$131,980 | 9,880 |
| Oklahoma | $72,990 | $36,510–$158,710 | 4,100 |
| Oregon | $94,440 | $48,240–$161,250 | 4,220 |
| Pennsylvania | $69,300 | $39,990–$132,900 | 8,140 |
| Rhode Island | $77,250 | $50,420–$134,950 | 1,290 |
| South Carolina | $63,220 | $37,080–$142,260 | 4,140 |
| South Dakota | $79,920 | $58,480–$125,080 | 1,820 |
| Tennessee | $62,800 | $38,240–$113,290 | 6,510 |
| Texas | $66,370 | $34,150–$135,280 | 21,200 |
| Utah | $59,440 | $37,790–$128,200 | 3,990 |
| Virginia | $78,320 | $40,190–$157,070 | 8,790 |
| Washington | $80,120 | $39,000–$162,240 | 6,040 |
| West Virginia | $57,580 | $37,830–$114,800 | 1,290 |
| Wisconsin | $78,290 | $50,010–$140,140 | 4,940 |
Fields of study linked to this career by the federal CIP-to-SOC crosswalk (U.S. Department of Education, NCES, with the Bureau of Labor Statistics; a classification crosswalk, and many workers entered by other routes): Finance and Financial Management Services
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025, state estimates (employees only; self-employed workers are not included); price-level adjustment uses the U.S. Bureau of Economic Analysis Regional Price Parities (where 100 is the U.S. average; MajorPays' calculation). Wages are for an occupation in a state as a whole and vary widely by employer, experience, industry and place within the state. MajorPays selected and reorganized these figures; neither agency has approved or endorsed this presentation. See Data sources for each dataset's terms.