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Loan Officer Salary Information in Colorado

The average annual and hourly salaries for loan officers in the state of Colorado are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of loan officers among Colorado metropolitan areas is shown in Table 3. The salary statistics are based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2016 and published in April 2017 [1].

Table 1 & 2. Annual & Hourly Salary of Loan Officers in Colorado

Percentile BracketAverage Annual Salary
10th Percentile Wage
$25,390
25th Percentile Wage
$45,540
50th Percentile Wage
$66,390
75th Percentile Wage
$92,500
90th Percentile Wage
$125,850

Table 1 shows the average annual salary for loan officers in Colorado in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $125,850. The median (50th percentile) annual salary is $66,390. The average annual salary for the bottom 10 percent is $25,390.

Percentile BracketAverage Hourly Salary
10th Percentile Wage
$12.21
25th Percentile Wage
$21.90
50th Percentile Wage
$31.92
75th Percentile Wage
$44.47
90th Percentile Wage
$60.51

Table 2 shows the average hourly salary for loan officers in Colorado in 5 percentile scales. The average hourly salary for the 90th percentile is $60.51. The median hourly salary is $31.92. The average hourly salary for the bottom 10 percent is $12.21.

Salary Trend (2012 to 2016)

The following table and chart show the trend of the median salary of loan officers from 2012 to 2016.

YearMedian SalaryYearly Growth4-Year Growth
201666,3906.46%4.80%
201562,100-9.55%-
201468,0300.15%-
201367,9306.96%-
201263,200--

Table 3. Median Annual Salary of Loan Officers in Colorado Cities

Table 3 shows the median annual salary of loan officers in some Colorado cities and metropolitan areas. We note that the median annual salary of loan officers in state of Colorado ranges from $44,950 to $90,480. The highest paying area for loan officers in Colorado is Fort Collins-Loveland with a median annual salary of $90,480. The second highest paying city/area in Colorado State is Grand Junction (mean annual salary $81,950). The lowest paying area is Central Colorado nonmetropolitan area with a median annual salary of $44,950.

Cities/Areas Median Annual Salary
Fort Collins-Loveland
$90,480
Grand Junction
$81,950
Boulder
$71,260
Colorado Springs
$69,950
East and South Colorado nonmetropolitan area
$68,240
Greeley
$65,790
Denver-Aurora-Broomfield
$64,550
Pueblo
$63,280
Northcentral Colorado nonmetropolitan area
$57,950
West Colorado nonmetropolitan area
$52,000
Central Colorado nonmetropolitan area
$44,950


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