Loan Officers Salary in New York, NY-NJ-PA
2024 wage data from the Bureau of Labor Statistics
Salary Overview
Loan Officers is a high-paying occupation in New York, NY-NJ-PA, with a median annual salary of $102,540. Loan Officerss in New York, NY-NJ-PA earn $28,360 more (38%) than the national median of $74,180. There is significant earning potential — top earners make 4.
Loan Officerss in New York, NY-NJ-PA earn $28,360 more (38%) than the national median of $74,180.
The average salary ($125,440) 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.
With 11,250 Loan Officerss employed in New York, NY-NJ-PA, there is a strong job market and likely good career opportunities.
Cost of Living Consideration
While New York, NY-NJ-PA offers higher pay, remember that cost of living may also be higher. A $102,540 salary here may not go as far as $74,180 in a lower-cost area. Consider housing, taxes, and commute costs.
Salary Distribution
| Percentile | Annual Salary | Monthly |
|---|---|---|
| 10th Percentile | $49,690 | $4,141 |
| 25th Percentile | $72,680 | $6,057 |
| Median | $102,540 | $8,545 |
| 75th Percentile | $162,570 | $13,548 |
| 90th Percentile | $216,810 | $18,068 |
| Mean (Average) | $125,440 | $10,453 |
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 New York, NY-NJ-PA
| Occupation | Median Salary |
|---|---|
| Financial Managers | $216,520 |
| Lawyers | $203,450 |
| Architectural and Engineering Managers | $179,110 |
| Human Resources Managers | $176,290 |
| Marketing Managers | $175,560 |
| Natural Sciences Managers | $171,640 |
| Managers, All Other | $168,680 |
| Personal Financial Advisors | $168,350 |
| Securities, Commodities, and Financial Services Sales Agents | $166,170 |
| Software Developers | $161,970 |