National Salary Info » Highest Paying States for Loan Officers

Highest Paying States for Loan Officers

The highest paying states for loan officers (ranked by average annual salary) are listed in Table 1. The entry level salary (as measured by the salary of the lowest 10% paid earners) and the number of employment of loan officers in those states are also shown in the table. As shown in the table, with an annual salary of $79,660, New York is the highest paying state for loan officers. It is followed by District of Columbia (average annual salary $76,900). The salary and employment information is computed from data published by U.S. Bureau of Labor Statistics (BLS) in April 2017 [1]. For more salary information of loan officers in a specific state, use the links in the table.

Table 1. Highest Paying States for Loan Officers

Rank State Average Salary i Entry Level
Salary i
# of
Empl. i
1 New York
$79,660
$35,750 11,250
2 District of Columbia
$76,900
$42,140 650
3 Massachusetts
$75,670
$41,290 5,330
4 New Jersey
$74,560
$36,800 6,570
5 New Hampshire
$73,230
$34,960 1,070
6 Oregon
$72,030
$34,520 3,640
7 Minnesota
$71,340
$38,300 7,540
8 Connecticut
$71,290
$37,600 2,200
9 Nebraska
$71,050
$40,020 2,980
10 Florida
$70,530
$40,300 21,060
11 California
$69,720
$32,500 38,100
12 Kansas
$69,130
$37,300 3,900
13 Texas
$68,590
$36,150 22,400
14 Colorado
$66,390
$25,390 5,320
15 Delaware
$65,780
$31,790 940
16 North Dakota
$65,540
$41,990 1,220
17 Nevada
$64,780
$30,970 2,200
18 Iowa
$64,190
$36,660 5,180
19 Virginia
$64,140
$33,190 9,170
20 Missouri
$63,460
$34,160 7,350
21 Washington
$63,310
$23,100 6,710
22 Kentucky
$63,170
$34,670 4,140
23 North Carolina
$62,740
$31,530 12,690
24 Arizona
$62,240
$33,590 9,840
25 Wyoming
$61,920
$33,970 730
26 Illinois
$61,850
$28,880 13,380
27 South Dakota
$61,770
$44,100 1,580
28 Ohio
$61,530
$29,820 11,980
29 Wisconsin
$61,530
$33,240 6,800
30 Alaska
$59,920
$39,330 700
31 Rhode Island
$59,810
$31,180 1,230
32 Montana
$59,580
$34,900 1,400
33 Maryland
$59,010
$28,560 4,540
34 Georgia
$58,810
$31,360 7,650
35 Pennsylvania
$58,750
$35,120 11,800
36 Tennessee
$58,590
$31,150 6,380
37 Vermont
$58,320
$34,820 570
38 South Carolina
$56,820
$32,970 4,200
39 Arkansas
$56,810
$29,660 2,360
40 Indiana
$56,660
$32,340 4,640
41 Mississippi
$56,400
$31,540 2,250
42 Alabama
$56,240
$32,970 3,740
43 Maine
$55,700
$34,670 1,260
44 Hawaii
$55,430
$28,510 1,160
45 Idaho
$54,350
$25,150 2,520
46 Oklahoma
$53,280
$27,470 4,230
47 Utah
$50,740
$26,470 4,550
48 Michigan
$49,520
$27,790 8,380
49 New Mexico
$47,440
$21,670 1,210
50 West Virginia
$46,970
$29,300 820
51 Louisiana
$46,720
$28,270 3,670
52 Guam
$41,850
$25,690 70
53 Virgin Islands
$37,120
$19,630 40
54 Puerto Rico
$28,200
$20,490 1,600
See also: Highest paying industries for loan officers, Top Paying Jobs in America.