Credit Counselors
Median $52,230
Occupation · SOC 13-2072
Loan Officers: pay and where the jobs are
What loan officers earn in the U.S., how pay varies across workers and states, and tools to plan around it.
National pay, May 2025
$76,690 median annual wage
- Mean (average) annual wage
- $87,790
- Median hourly wage
- $36.87
- Mean hourly wage
- $42.21
- Employment
- 274,330
Source: U.S. Bureau of Labor Statistics, OEWS May 2025 (released 2026-05-15), SOC 13-2072.
Check your pay
See where your pay falls among loan officers nationally and in your state. Nothing you type leaves your browser.
Enter your pay to see where it falls.
Use these numbers
How much do loan officers make?
The median annual wage for loan officers was $76,690 in May 2025, so half of workers earned more and half earned less. The lowest-paid 10% earned less than $39,430 and the highest-paid 10% more than $153,180. As an hourly rate, the median is $36.87. About 274,330 people work in this occupation nationwide. The highest state medians are in Massachusetts ($101,600), Connecticut ($95,730) and New York ($95,710). After taxes and local prices, though, a median paycheck goes furthest in North Dakota.
Pay ladder
What each step of the pay range for loan officers looks like per month. Take-home here includes federal tax, Social Security and Medicare for a single filer; add your state in the paycheck calculator.
| Step | Annual | Hourly | Monthly gross | Monthly after federal tax & FICA |
|---|---|---|---|---|
| 10th percentile | $39,430 | $18.96 | $3,286 | $2,822 |
| 25th percentile | $52,730 | $25.35 | $4,394 | $3,712 |
| Median | $76,690 | $36.87 | $6,391 | $5,232 |
| 75th percentile | $104,080 | $50.04 | $8,673 | $6,838 |
| 90th percentile | $153,180 | $73.65 | $12,765 | $9,664 |
Loan Officers: pay by state
54 states and territories have a published median, sorted from highest to lowest. The last two columns are our estimates: the median after 2026 federal and state taxes, and that take-home restated in national-average prices.
1
$76,428 take-home in national prices
2
$74,251 take-home in national prices
3
$73,436 take-home in national prices
Where a median loan officer paycheck goes furthest after 2026 taxes and BEA price levels.
| State | Employment | Median | 10th pct. | 90th pct. | Median after tax* | In national prices† |
|---|---|---|---|---|---|---|
| Massachusetts | 4,470 | $101,600 | $64,680 | $198,220 | $74,978 | $70,897 |
| Connecticut | 2,220 | $95,730 | $50,300 | $171,280 | $71,182 | $68,702 |
| New York | 10,840 | $95,710 | $49,410 | $211,350 | $71,112 | $65,893 |
| Minnesota | 6,430 | $95,170 | $57,670 | $163,350 | $70,415 | $71,400 |
| Colorado | 3,230 | $94,520 | $39,430 | $165,370 | $71,458 | $69,342 |
| Oregon | 4,220 | $94,440 | $48,240 | $161,250 | $68,041 | $65,828 |
| New Jersey | 6,200 | $92,920 | $50,490 | $169,280 | $69,890 | $64,234 |
| District of Columbia | 370 | $92,890 | $45,860 | $157,630 | $69,251 | $63,012 |
| Vermont | 350 | $88,710 | $56,820 | $168,070 | $67,887 | $69,302 |
| Kansas | 3,540 | $86,970 | $48,560 | $160,560 | $65,960 | $73,234 |
| North Dakota | 1,370 | $84,650 | $58,010 | $146,640 | $67,990 | $76,428 |
| Iowa | 2,840 | $83,670 | $51,690 | $138,150 | $65,164 | $74,251 |
| Delaware | 1,420 | $83,130 | $45,670 | $148,210 | $62,834 | $62,955 |
| Maine | 1,060 | $81,900 | $46,710 | $140,680 | $62,187 | $64,077 |
| California | 25,790 | $81,770 | $37,460 | $169,040 | $61,933 | $55,936 |
| New Hampshire | 1,120 | $80,660 | $47,970 | $160,580 | $65,574 | $62,952 |
| Washington | 6,040 | $80,120 | $39,000 | $162,240 | $64,083 | $59,883 |
| South Dakota | 1,820 | $79,920 | $58,480 | $125,080 | $65,054 | $73,436 |
| Nebraska | 2,710 | $79,840 | $49,360 | $136,640 | $62,244 | $69,081 |
| Wyoming | 740 | $79,620 | $47,410 | $132,810 | $64,843 | $69,956 |
| Illinois | 10,890 | $79,150 | $43,020 | $137,080 | $60,739 | $60,764 |
| Virginia | 8,790 | $78,320 | $40,190 | $157,070 | $60,239 | $59,581 |
| Wisconsin | 4,940 | $78,290 | $50,010 | $140,140 | $60,768 | $64,582 |
| Rhode Island | 1,290 | $77,250 | $50,420 | $134,950 | $60,046 | $58,707 |
| Ohio | 9,880 | $76,370 | $38,200 | $131,980 | $60,900 | $65,643 |
| North Carolina | 10,700 | $75,920 | $43,270 | $130,480 | $59,719 | $63,312 |
| Michigan | 11,340 | $74,470 | $36,830 | $135,700 | $58,305 | $60,598 |
| Missouri | 7,050 | $73,660 | $38,910 | $136,130 | $58,125 | $64,002 |
| Maryland | 3,850 | $73,580 | $37,470 | $159,860 | $57,464 | $54,749 |
| Oklahoma | 4,100 | $72,990 | $36,510 | $158,710 | $57,439 | $65,389 |
| Indiana | 4,790 | $72,960 | $43,870 | $129,740 | $58,035 | $62,183 |
| Alaska | 490 | $72,800 | $26,730 | $123,570 | $59,774 | $58,396 |
| Montana | 1,180 | $71,570 | $48,130 | $123,130 | $56,497 | $59,693 |
| Florida | 18,830 | $71,090 | $33,180 | $133,070 | $58,842 | $56,899 |
| Idaho | 2,030 | $71,070 | $43,160 | $156,410 | $56,169 | $58,820 |
| Arkansas | 2,610 | $70,260 | $39,210 | $136,500 | $56,146 | $64,582 |
| Pennsylvania | 8,140 | $69,300 | $39,990 | $132,900 | $55,407 | $56,785 |
| Georgia | 9,540 | $68,490 | $39,490 | $138,800 | $54,344 | $56,436 |
| Alabama | 5,050 | $66,710 | $42,090 | $155,660 | $52,957 | $59,621 |
| Texas | 21,200 | $66,370 | $34,150 | $135,280 | $55,508 | $57,191 |
| Nevada | 2,580 | $64,500 | $29,640 | $163,930 | $54,006 | $54,017 |
| Hawaii | 980 | $63,740 | $34,150 | $131,020 | $50,036 | $45,507 |
| South Carolina | 4,140 | $63,220 | $37,080 | $142,260 | $51,101 | $54,508 |
| Tennessee | 6,510 | $62,800 | $38,240 | $113,290 | $52,640 | $57,298 |
| New Mexico | 1,140 | $62,610 | $27,700 | $122,960 | $50,710 | $54,993 |
| Arizona | 10,020 | $62,160 | $35,960 | $133,890 | $50,965 | $50,623 |
| Kentucky | 3,940 | $62,090 | $41,620 | $124,520 | $50,014 | $55,473 |
| Louisiana | 2,810 | $61,110 | $38,100 | $124,420 | $49,835 | $56,498 |
| Mississippi | 3,450 | $60,260 | $37,030 | $131,510 | $48,921 | $56,261 |
| Utah | 3,990 | $59,440 | $37,790 | $128,200 | $47,725 | $48,273 |
| West Virginia | 1,290 | $57,580 | $37,830 | $114,800 | $46,682 | $52,160 |
| Guam | 60 | $45,180 | $34,460 | $83,660 | — | — |
| Virgin Islands | 50 | $44,780 | $39,960 | $77,400 | — | — |
| Puerto Rico | 2,360 | $35,730 | $27,110 | $64,740 | — | — |
Source: U.S. Bureau of Labor Statistics, OEWS May 2025 (released 2026-05-15), SOC 13-2072. *Our estimate for a single filer paid biweekly with no pre-tax deductions or local tax, 2026 federal and state rules. †Take-home ÷ BEA Regional Price Parity × 100 (2024 price levels).
Sources
- OEWS May 2025 (oesm25nat.zip) — U.S. Bureau of Labor Statistics. Accessed 2026-10-09.
- OEWS May 2025 (oesm25st.zip) — U.S. Bureau of Labor Statistics. Accessed 2026-10-09.