Loan Officers Salary in Washington, DC-VA-MD-WV
2024 wage data from the Bureau of Labor Statistics
Salary Overview
Loan Officers is a above-average occupation in Washington, DC-VA-MD-WV, with a median annual salary of $94,840. Loan Officerss in Washington, DC-VA-MD-WV earn $20,660 more (28%) than the national median of $74,180. There is significant earning potential — top earners make 4.
Loan Officerss in Washington, DC-VA-MD-WV earn $20,660 more (28%) than the national median of $74,180.
The average salary ($112,140) 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 5,260 Loan Officerss employed in Washington, DC-VA-MD-WV, there is a strong job market and likely good career opportunities.
Cost of Living Consideration
When evaluating this salary, factor in Washington, DC-VA-MD-WV'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 | $47,260 | $3,938 |
| 25th Percentile | $62,930 | $5,244 |
| Median | $94,840 | $7,903 |
| 75th Percentile | $133,710 | $11,143 |
| 90th Percentile | $206,190 | $17,183 |
| Mean (Average) | $112,140 | $9,345 |
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 Washington, DC-VA-MD-WV
| Occupation | Median Salary |
|---|---|
| Family Medicine Physicians | $224,330 |
| Lawyers | $191,880 |
| Database Administrators | $188,120 |
| Architectural and Engineering Managers | $180,360 |
| Financial Managers | $177,690 |
| Marketing Managers | $176,240 |
| Human Resources Managers | $172,970 |
| Managers, All Other | $167,270 |
| Natural Sciences Managers | $164,650 |
| Computer Network Architects | $163,570 |
Related Data Insights
The cost of living in Washington, DC is 8.9% above the national average (index: 108.9). See full cost breakdown →
After adjusting for local cost of living, the purchasing power of Washington, DC salaries is equivalent to $91,018 in an average-cost US city.