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 $100,970, District of Columbia is the highest paying state for loan officers. It is followed by New York (average annual salary $86,680). The salary and employment information is computed from data published by U.S. Bureau of Labor Statistics (BLS) in April 2018 [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 District of Columbia
$100,970
$47,610 500
2 New York
$86,680
$36,490 12,670
3 Connecticut
$76,790
$42,160 2,440
4 Nebraska
$76,740
$41,550 3,010
5 New Jersey
$73,280
$36,580 6,750
6 Massachusetts
$72,420
$37,370 5,640
7 Kansas
$72,170
$37,310 4,100
8 Minnesota
$70,820
$40,470 8,130
9 New Hampshire
$70,370
$30,100 1,120
10 Texas
$70,330
$36,100 20,810
11 Florida
$69,760
$38,950 19,900
12 Oregon
$69,070
$32,600 4,200
13 Virginia
$68,870
$32,960 9,290
14 Illinois
$68,250
$34,690 12,580
15 California
$66,190
$28,720 39,520
16 North Dakota
$66,120
$42,150 1,280
17 Maryland
$65,820
$30,290 4,860
18 Ohio
$65,510
$31,940 12,130
19 Missouri
$65,400
$38,510 7,590
20 Delaware
$65,380
$34,480 760
21 Iowa
$64,220
$36,950 4,450
22 Arizona
$63,840
$34,330 8,480
23 Nevada
$63,650
$32,140 2,790
24 North Carolina
$63,490
$31,200 13,100
25 Kentucky
$63,100
$33,740 5,070
26 Maine
$62,130
$34,180 1,120
27 Washington
$61,740
$25,350 6,960
28 Wisconsin
$61,400
$33,350 7,350
29 Colorado
$61,010
$25,370 5,560
30 Mississippi
$60,390
$32,390 2,130
31 Tennessee
$60,320
$32,730 5,890
32 Arkansas
$60,210
$31,230 2,400
33 South Dakota
$60,180
$43,830 1,570
34 Montana
$60,140
$34,550 1,370
35 Hawaii
$59,460
$25,620 1,260
36 Rhode Island
$59,280
$30,400 1,560
37 Alabama
$59,080
$32,900 3,850
38 Wyoming
$58,720
$30,720 760
39 South Carolina
$58,060
$30,700 3,930
40 Oklahoma
$57,910
$28,040 4,240
41 Georgia
$57,820
$28,350 7,050
42 Alaska
$57,740
$35,710 850
43 Pennsylvania
$57,360
$35,200 10,990
44 Vermont
$56,880
$34,480 520
45 Indiana
$56,020
$33,500 5,010
46 Idaho
$55,320
$29,300 2,580
47 New Mexico
$53,710
$26,150 1,290
48 Utah
$50,780
$25,040 4,410
49 Michigan
$49,520
$27,790 8,380
50 Louisiana
$48,130
$28,770 3,800
51 West Virginia
$47,570
$27,920 850
52 Guam
$44,140
$29,950 50
53 Virgin Islands
$37,120
$19,630 40
54 Puerto Rico
$27,780
$19,310 1,600
See also: Highest paying industries for loan officers, Top Paying Jobs in America.