Loan Officers Salary in Buffalo, NY
2024 wage data from the Bureau of Labor Statistics
Salary Overview
Loan Officers is a above-average occupation in Buffalo, NY, with a median annual salary of $79,450. Loan Officerss in Buffalo, NY earn $5,270 more (7%) than the national median of $74,180. There is significant earning potential — top earners make 4.
Loan Officerss in Buffalo, NY earn $5,270 more (7%) than the national median of $74,180.
The average salary ($100,200) is notably higher than the median — this means top earners pull the average up. A small number of highly paid Loan Officerss skew the data.
Only 870 Loan Officerss work in Buffalo, NY. Consider nearby metro areas for more opportunities.
Cost of Living Consideration
When evaluating this salary, factor in Buffalo, NY's cost of living. Housing, transportation, and taxes vary significantly between cities and can impact how far your paycheck goes.
Salary Distribution
| Percentile | Annual Salary | Monthly |
|---|---|---|
| 10th Percentile | $39,640 | $3,303 |
| 25th Percentile | $59,210 | $4,934 |
| Median | $79,450 | $6,621 |
| 75th Percentile | $123,880 | $10,323 |
| 90th Percentile | $171,880 | $14,323 |
| Mean (Average) | $100,200 | $8,350 |
Loan Officers Salary in Other Cities
| Metro Area | Median Salary |
|---|---|
| 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 |
| San Jose-Sunnyvale-Santa Clara, CA | $81,990 |
| Denver-Aurora-Lakewood, CO | $81,200 |
| Charlotte-Concord-Gastonia, NC-SC | $81,160 |
| Los Angeles-Long Beach-Anaheim, CA | $80,340 |
| Kansas City, MO-KS | $79,690 |
Highest Paying Jobs in Buffalo, NY
| Occupation | Median Salary |
|---|---|
| Family Medicine Physicians | $208,420 |
| Computer and Information Systems Managers | $166,900 |
| Architectural and Engineering Managers | $163,140 |
| Financial Managers | $162,660 |
| Purchasing Managers | $137,980 |
| Nurse Practitioners | $133,430 |
| Managers, All Other | $133,180 |
| Natural Sciences Managers | $132,330 |
| Education Administrators, Postsecondary | $131,910 |
| Computer Network Architects | $129,390 |
Related Data Insights
The cost of living in Buffalo, NY is 4.2% below the national average (index: 95.8). See full cost breakdown →
After adjusting for local cost of living, the purchasing power of Buffalo, NY salaries is equivalent to $86,358 in an average-cost US city.