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Loan Officer Salary Information in Connecticut

The average annual and hourly salaries for loan officers in the state of Connecticut are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of loan officers amongst Connecticut 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 2017 and published in April 2018 [1].

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

Percentile BracketAverage Annual Salary
10th Percentile Wage
$42,160
25th Percentile Wage
$54,570
50th Percentile Wage
$76,790
75th Percentile Wage
$124,010
90th Percentile Wage
$167,800

Table 1 shows the average annual salary for loan officers in Connecticut in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $167,800. The median (50th percentile) annual salary is $76,790. The average annual salary for the bottom 10 percent is $42,160.

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
$76,790
7.16% 13.27%
2016
$71,290
1.81% -
2015
$70,000
2.23% -
2014
$68,440
4.40% -
2013
$65,430
-1.79% -
2012
$66,600
- -

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

Table 3 shows the median annual salary of loan officers in some Connecticut cities and metropolitan areas. We note that the median annual salary of loan officers in state of Connecticut ranges from $66,980 to $107,950. The highest paying area for loan officers in Connecticut is Danbury with a median annual salary of $107,950. The second highest paying city/area in Connecticut State is Bridgeport-Stamford-Norwalk (mean annual salary $103,840). The lowest paying area is Hartford-West Hartford-East Hartford with a median annual salary of $66,980.

Cities/Areas Median Annual Salary
Danbury
$107,950
Bridgeport-Stamford-Norwalk
$103,840
Northwestern Connecticut nonmetropolitan area
$76,060
New Haven
$75,240
Waterbury
$71,930
Hartford-West Hartford-East Hartford
$66,980




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