Highest-paying Cities for Loan Officers

The top 100 highest paying cities 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 cities are also shown in the table. As shown in the table, with a annual salary of $100,250, Southwest Iowa nonmetropolitan area, Iowa is the highest paying city for loan officers. It is followed by Southwestern New Hampshire nonmetropolitan area, New Hampshire (average annual salary $98,200). The salary and employment information is computed from data published by U.S. Bureau of Labor Statistics (BLS) in April 2023 [1]. For more salary information of loan officers in a specific city, use the links in the table.

Table 1. 100 Highest-paying cities/areas for Loan Officers

Rank	City/Area	Average Salary i	Entry Level Salary i	# of Empl. i
1	Southwest Iowa nonmetropolitan area, Iowa	$100,250	$57,820	230
2	Southwestern New Hampshire nonmetropolitan area, New Hampshire	$98,200	$42,040	50
3	Elmira, New York	$96,210	$37,900	30
4	New York-White Plains-Wayne, New York	$93,380	$50,130	8,670
5	New York-Northern New Jersey-Long Island, New York	$91,360	$47,840	13,170
6	Eastern Oregon nonmetropolitan area, Oregon	$88,140	$46,850	110
7	Corvallis, Oregon	$88,070	$47,860	60
8	Dover, Delaware	$87,170	$54,640	90
9	Central Oregon nonmetropolitan area, Oregon	$85,940	$37,070	80
10	Salisbury, Maryland	$85,120	$37,770	160
11	Wilmington, North Carolina	$84,060	$35,740	470
12	Nassau-Suffolk, New York	$83,670	$36,900	1,860
13	Detroit-Warren-Livonia, Michigan	$83,510	$21,860	8,290
14	Des Moines-West Des Moines, Iowa	$82,830	$51,050	1,080
15	Ann Arbor, Michigan	$82,500	$29,360	440
16	Washington-Arlington-Alexandria, District of Columbia	$82,230	$45,000	6,550
17	West North Dakota nonmetropolitan area, North Dakota	$81,990	$47,070	340
18	Boulder, Colorado	$81,940	$38,900	200
19	San Francisco-Oakland-Fremont, California	$81,410	$36,860	4,720
20	Grand Rapids-Wyoming, Michigan	$81,260	$38,610	1,030
21	Boston-Cambridge-Quincy, Massachusetts	$80,910	$48,440	4,100
22	The Villages, Florida	$80,910	$61,660	30
23	Minneapolis-St Paul-Bloomington, Wisconsin	$80,700	$35,350	5,230
24	Edison-New Brunswick, New Jersey	$80,610	$38,720	1,370
25	Los Angeles-Long Beach-Santa Ana, California	$80,360	$42,840	14,650
26	Durham-Chapel Hill, North Carolina	$80,300	$47,080	510
27	Santa Barbara-Santa Maria-Goleta, California	$80,290	$35,550	210
28	Fort Collins-Loveland, Colorado	$80,240	$30,000	170
29	Allentown-Bethlehem-Easton, Pennsylvania	$80,100	$43,470	400
30	Dubuque, Iowa	$79,930	$43,690	110
31	St Cloud, Minnesota	$79,880	$47,440	340
32	Manhattan, Kansas	$79,740	$46,680	140
33	Charlotte-Gastonia-Rock Hill, South Carolina	$79,720	$37,080	6,340
34	East North Dakota nonmetropolitan area, North Dakota	$79,600	$46,760	270
35	Vallejo-Fairfield, California	$79,480	$35,080	260
36	Oakland-Fremont-Hayward, California	$79,480	$33,980	3,030
37	Atlanta-Sandy Springs-Marietta, Georgia	$79,440	$39,480	6,140
38	Barnstable Town, Massachusetts	$79,400	$33,950	130
39	Racine, Wisconsin	$79,400	$40,670	190
40	Milwaukee-Waukesha-West Allis, Wisconsin	$79,330	$47,630	1,720
41	Philadelphia-Camden-Wilmington, Pennsylvania	$79,300	$38,790	6,290
42	Camden, New Jersey	$79,240	$39,320	1,830
43	Grand Island, Nebraska	$79,200	$46,130	180
44	Pittsfield, Massachusetts	$79,060	$45,480	80
45	State College, Pennsylvania	$78,970	$45,550	180
46	Northern New Hampshire nonmetropolitan area, New Hampshire	$78,940	$40,720	50
47	Western North Carolina nonmetropolitan area, North Carolina	$78,840	$45,600	240
48	Southeast Minnesota nonmetropolitan area, Minnesota	$78,790	$48,470	470
49	Eugene-Springfield, Oregon	$78,590	$39,360	380
50	Providence-Fall River-Warwick, Rhode Island	$78,590	$30,710	1,660
51	Coast Oregon nonmetropolitan area, Oregon	$78,440	$39,150	140
52	Central Arkansas nonmetropolitan area, Arkansas	$78,420	$46,130	340
53	Omaha-Council Bluffs, Nebraska	$78,280	$47,490	1,200
54	Medford, Oregon	$78,240	$37,010	190
55	Charlottesville, Virginia	$78,230	$39,680	240
56	Fayetteville-Springdale-Rogers, Missouri	$78,220	$36,540	580
57	Leominster-Fitchburg-Gardner, Massachusetts	$78,150	$44,960	90
58	West Palm Beach-Boca Raton-Boynton Beach, Florida	$78,060	$33,980	1,120
59	West Colorado nonmetropolitan area, Colorado	$78,010	$43,780	130
60	Greeley, Colorado	$77,990	$38,900	110
61	Santa Ana-Anaheim-Irvine, California	$77,960	$43,160	7,380
62	Chicago-Joliet-Naperville (IL-IN-WI Area), Illinois	$77,950	$35,800	8,620
63	Peabody, Massachusetts	$77,880	$39,790	220
64	Northeastern Oklahoma nonmetropolitan area, Oklahoma	$77,850	$36,920	280
65	Western Nebraska nonmetropolitan area, Nebraska	$77,810	$44,320	160
66	New Bedford, Massachusetts	$77,770	$37,950	80
67	Bismarck, North Dakota	$77,750	$46,340	250
68	East Arkansas nonmetropolitan area, Arkansas	$77,320	$37,110	130
69	Fond du Lac, Wisconsin	$77,230	$37,440	110
70	Colorado Springs, Colorado	$77,180	$37,700	720
71	Rochester, Minnesota	$77,150	$45,760	200
72	Green Bay, Wisconsin	$76,990	$45,490	280
73	Madison, Wisconsin	$76,960	$48,530	800
74	New Iberia nonmetropolitan area, Louisiana	$76,790	$35,800	110
75	Jonesboro, Arkansas	$76,760	$44,420	110
76	Washington-Arlington-Alexandria, West Virginia	$76,750	$35,920	5,250
77	Brockton-Bridgewater-Easton, Massachusetts	$76,750	$42,000	100
78	Lancaster, Pennsylvania	$76,740	$41,040	360
79	Lincoln, Nebraska	$76,690	$46,100	480
80	Central Utah nonmetropolitan area, Utah	$76,640	$36,900	110
81	Oshkosh-Neenah, Wisconsin	$76,640	$45,970	120
82	Eastern Sierra-Mother Lode Region of California nonmetropolitan area, California	$76,640	$50,180	30
83	Winchester, West Virginia	$76,610	$41,000	290
84	Athens-Clarke County, Georgia	$76,600	$39,030	100
85	Grand Forks, North Dakota	$76,580	$41,290	120
86	Ames, Iowa	$76,540	$46,850	60
87	Eastern South Dakota nonmetropolitan area, South Dakota	$76,510	$50,370	510
88	Hot Springs, Arkansas	$76,480	$44,970	80
89	Salem, Oregon	$76,460	$38,110	370
90	San Jose-Sunnyvale-Santa Clara, California	$76,190	$36,360	1,470
91	Kansas City, Missouri	$76,180	$26,640	3,150
92	Kansas nonmetropolitan area, Kansas	$76,070	$41,290	1,580
93	Boston-Cambridge-Quincy, Massachusetts	$76,000	$41,120	3,320
94	Fargo, North Dakota	$75,990	$46,240	390
95	Indianapolis-Carmel, Indiana	$75,980	$39,740	2,130
96	Lewiston-Auburn, Maine	$75,970	$41,880	180
97	Danbury, Connecticut	$75,900	$46,530	140
98	Worcester, Massachusetts	$75,850	$31,780	360
99	Southwest Idaho nonmetropolitan area, Idaho	$75,790	$36,820	80
100	Joplin, Missouri	$75,770	$36,980	120

See also: 💰 Highest paying industries for loan officers.