Automotive Service Technicians and Mechanics vs Loan Officers: Salary Comparison (2024)
Side-by-side salary comparison using 2024 Bureau of Labor Statistics data.
Which Career Pays More?
Loan Officers professionals earn $24,510 more per year than Automotive Service Technicians and Mechanics professionals — that's 49.3% higher. At the 90th percentile, Automotive Service Technicians and Mechanics earns $80,850 compared to $145,780 for Loan Officers.
Salary Range Comparison
Automotive Service Technicians and Mechanics$33,660 – $80,850
Loan Officers$38,490 – $145,780
$33,660$145,780
Detailed Salary Comparison
| Percentile | Automotive Service Technicians and Mechanics | Loan Officers | Difference |
|---|---|---|---|
| 10th Percentile | $33,660 | $38,490 | $-4,830 |
| 25th Percentile | $38,140 | $50,460 | $-12,320 |
| Median (50th) | $49,670 | $74,180 | $-24,510 |
| 75th Percentile | $65,660 | $101,920 | $-36,260 |
| 90th Percentile | $80,850 | $145,780 | $-64,930 |
| Mean (Average) | $55,260 | $86,020 | $-30,760 |
Employment Numbers
Automotive Service Technicians and Mechanics
688,840
employed nationwide
Loan Officers
290,530
employed nationwide
Top Paying Cities
Best Cities for Automotive Service Technicians and Mechanics
| City | Median |
|---|---|
| San Jose-Sunnyvale-Santa Clara, CA | $77,260 |
| San Francisco-Oakland-Berkeley, CA | $74,590 |
| Sacramento-Roseville-Folsom, CA | $64,930 |
| Riverside-San Bernardino-Ontario, CA | $63,590 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | $62,970 |
Best Cities for Loan Officers
| City | Median |
|---|---|
| New York-Newark-Jersey City, NY-NJ-PA | $102,540 |
| Boston-Cambridge-Nashua, MA-NH | $94,850 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | $94,840 |
| San Francisco-Oakland-Berkeley, CA | $94,110 |
| Minneapolis-St. Paul-Bloomington, MN-WI | $91,900 |
Frequently Asked Questions
Who earns more: Automotive Service Technicians and Mechanics or Loan Officers?
Loan Officers professionals earn more, with a median salary difference of $24,510 (49.3% higher) as of 2024 BLS data.
What is the salary range for Automotive Service Technicians and Mechanics?
Automotive Service Technicians and Mechanics salaries range from $33,660 (10th percentile) to $80,850 (90th percentile), with a median of $49,670.
What is the salary range for Loan Officers?
Loan Officers salaries range from $38,490 (10th percentile) to $145,780 (90th percentile), with a median of $74,180.
How many Automotive Service Technicians and Mechanics and Loan Officers jobs are there?
There are approximately 688,840 Automotive Service Technicians and Mechanics positions and 290,530 Loan Officers positions nationwide according to 2024 BLS data.
Is it worth switching from Loan Officers to Automotive Service Technicians and Mechanics?
Career decisions depend on many factors beyond salary. Automotive Service Technicians and Mechanics has a median salary of $49,670 while Loan Officers earns $74,180. Consider job satisfaction, growth prospects, required education, and work-life balance.
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Data verified March 2026 · Source: U.S. Bureau of Labor Statistics OEWS