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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 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 2017 and published in April 2018 [1].

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

Percentile BracketAverage Annual Salary
10th Percentile Wage
$25,370
25th Percentile Wage
$43,140
50th Percentile Wage
$61,010
75th Percentile Wage
$85,600
90th Percentile Wage
$112,140

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 $112,140. The median (50th percentile) annual salary is $61,010. The average annual salary for the bottom 10 percent is $25,370.

Salary Trend (2012 to 2017)

The table and chart below show the trend of the median salary of loan officers from 2012 to 2017.

YearMedian SalaryYearly Growth5-Year Growth
2017
$61,010
-8.82% -3.59%
2016
$66,390
6.46% -
2015
$62,100
-9.55% -
2014
$68,030
0.15% -
2013
$67,930
6.96% -
2012
$63,200
- -

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 $42,670 to $69,810. The highest paying area for loan officers in Colorado is Grand Junction with a median annual salary of $69,810. The second highest paying city/area in Colorado State is Boulder (mean annual salary $69,200). The lowest paying area is Colorado Springs with a median annual salary of $42,670.

Cities/Areas Median Annual Salary
Grand Junction
$69,810
Boulder
$69,200
East and South Colorado nonmetropolitan area
$68,900
Greeley
$68,750
Fort Collins-Loveland
$66,760
Pueblo
$66,750
Denver-Aurora-Broomfield
$61,080
Northcentral Colorado nonmetropolitan area
$49,500
West Colorado nonmetropolitan area
$46,090
Central Colorado nonmetropolitan area
$44,950
Colorado Springs
$42,670




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