Carpenters 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 $14,870 more per year than Carpenters professionals — that's 25.1% higher. At the 90th percentile, Carpenters earns $98,370 compared to $145,780 for Loan Officers.
Salary Range Comparison
Carpenters$38,760 – $98,370
Loan Officers$38,490 – $145,780
$38,490$145,780
Detailed Salary Comparison
| Percentile | Carpenters | Loan Officers | Difference |
|---|---|---|---|
| 10th Percentile | $38,760 | $38,490 | +$270 |
| 25th Percentile | $47,550 | $50,460 | $-2,910 |
| Median (50th) | $59,310 | $74,180 | $-14,870 |
| 75th Percentile | $75,620 | $101,920 | $-26,300 |
| 90th Percentile | $98,370 | $145,780 | $-47,410 |
| Mean (Average) | $64,040 | $86,020 | $-21,980 |
Employment Numbers
Carpenters
697,740
employed nationwide
Loan Officers
290,530
employed nationwide
Top Paying Cities
Best Cities for Carpenters
| City | Median |
|---|---|
| San Francisco-Oakland-Berkeley, CA | $80,950 |
| San Jose-Sunnyvale-Santa Clara, CA | $78,090 |
| Sacramento-Roseville-Folsom, CA | $77,100 |
| Seattle-Tacoma-Bellevue, WA | $76,760 |
| Chicago-Naperville-Elgin, IL-IN-WI | $76,510 |
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: Carpenters or Loan Officers?
Loan Officers professionals earn more, with a median salary difference of $14,870 (25.1% higher) as of 2024 BLS data.
What is the salary range for Carpenters?
Carpenters salaries range from $38,760 (10th percentile) to $98,370 (90th percentile), with a median of $59,310.
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 Carpenters and Loan Officers jobs are there?
There are approximately 697,740 Carpenters positions and 290,530 Loan Officers positions nationwide according to 2024 BLS data.
Is it worth switching from Loan Officers to Carpenters?
Career decisions depend on many factors beyond salary. Carpenters has a median salary of $59,310 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