Loan Officers Salary in Richmond, VA
2024 wage data from the Bureau of Labor Statistics
Salary Overview
Loan Officers is a moderate occupation in Richmond, VA, with a median annual salary of $72,050. Loan Officerss in Richmond, VA earn $2,130 less (3%) than the national median of $74,180. There is significant earning potential — top earners make 3.
Loan Officerss in Richmond, VA earn $2,130 less (3%) than the national median of $74,180.
The average salary ($83,230) 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.
About 1,800 Loan Officerss work in Richmond, VA, indicating a healthy local job market.
Cost of Living Consideration
When evaluating this salary, factor in Richmond, VA'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 | $43,820 | $3,652 |
| 25th Percentile | $48,910 | $4,076 |
| Median | $72,050 | $6,004 |
| 75th Percentile | $96,780 | $8,065 |
| 90th Percentile | $134,240 | $11,187 |
| Mean (Average) | $83,230 | $6,936 |
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 Richmond, VA
| Occupation | Median Salary |
|---|---|
| Family Medicine Physicians | $201,570 |
| Financial Managers | $166,800 |
| Architectural and Engineering Managers | $159,990 |
| Managers, All Other | $140,540 |
| Lawyers | $132,860 |
| Software Developers | $130,760 |
| Computer Network Architects | $129,180 |
| Database Administrators | $128,070 |
| Medical and Health Services Managers | $125,780 |
| Computer Hardware Engineers | $125,350 |
Related Data Insights
The cost of living in Richmond, VA is 2.1% below the national average (index: 97.9). See full cost breakdown →
After adjusting for local cost of living, the purchasing power of Richmond, VA salaries is equivalent to $83,152 in an average-cost US city.