Loan Officers pay in the United States
What this work is
Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, loan underwriters, and payday loan officers.
Where the money actually goes furthest
Massachusetts pays the highest headline figure at $101,600. Adjusted for what things cost there it is worth $96,066 — less than Kansas, where $86,970 is worth $96,558.
Pay by state
54 states and territories publish a median for this occupation. Switch the ranking to see how much the order changes.
Adjusted for what things cost in that state.
| State | Hourly | Annual | Worth locally | After state tax | Jobs |
|---|---|---|---|---|---|
| Kansas | $41.81/hr | $86,970 | $96,558 | $82,405 | 3,540 |
| Minnesota | $45.76/hr | $95,170 | $96,501 | $90,161 | 6,430 |
| Massachusetts | $48.85/hr | $101,600 | $96,066 | $96,520 | 4,470 |
| Iowa | $40.23/hr | $83,670 | $95,339 | $81,045 | 2,840 |
| North Dakota | $40.70/hr | $84,650 | $95,155 | $84,229 | 1,370 |
| Connecticut | $46.03/hr | $95,730 | $92,394 | $91,214 | 2,220 |
| Colorado | $45.44/hr | $94,520 | $91,722 | $91,123 | 3,230 |
| Oregon | $45.40/hr | $94,440 | $91,369 | $86,717 | 4,220 |
| Vermont | $42.65/hr | $88,710 | $90,557 | $84,792 | 350 |
| South Dakota | $38.42/hr | $79,920 | $90,213 | $79,920 | 1,820 |
| New York | $46.01/hr | $95,710 | $88,686 | $91,015 | 10,840 |
| Nebraska | $38.39/hr | $79,840 | $88,612 | $76,597 | 2,710 |
| Wyoming | $38.28/hr | $79,620 | $85,899 | $79,620 | 740 |
| New Jersey | $44.67/hr | $92,920 | $85,396 | $89,127 | 6,200 |
| District of Columbia | $44.66/hr | $92,890 | $84,522 | $87,835 | 370 |
| Maine | $39.38/hr | $81,900 | $84,389 | $77,596 | 1,060 |
| Delaware | $39.97/hr | $83,130 | $83,288 | $78,874 | 1,420 |
| Wisconsin | $37.64/hr | $78,290 | $83,198 | $75,238 | 4,940 |
| Oklahoma | $35.09/hr | $72,990 | $83,094 | $70,013 | 4,100 |
| Ohio | $36.71/hr | $76,370 | $82,321 | $74,986 | 9,880 |
| Missouri | $35.41/hr | $73,660 | $81,105 | $71,054 | 7,050 |
| Arkansas | $33.78/hr | $70,260 | $80,814 | $67,696 | 2,610 |
| North Carolina | $36.50/hr | $75,920 | $80,483 | $73,235 | 10,700 |
| Illinois | $38.05/hr | $79,150 | $79,181 | $75,369 | 10,890 |
| Indiana | $35.08/hr | $72,960 | $78,174 | $70,801 | 4,790 |
| Virginia | $37.66/hr | $78,320 | $77,467 | $74,562 | 8,790 |
| New Hampshire | $38.78/hr | $80,660 | $77,431 | $80,660 | 1,120 |
| Michigan | $35.80/hr | $74,470 | $77,395 | $71,543 | 11,340 |
| Montana | $34.41/hr | $71,570 | $75,615 | $68,461 | 1,180 |
| Rhode Island | $37.14/hr | $77,250 | $75,527 | $74,748 | 1,290 |
| Alabama | $32.07/hr | $66,710 | $75,106 | $63,564 | 5,050 |
| Washington | $38.52/hr | $80,120 | $74,871 | $80,120 | 6,040 |
| Idaho | $34.17/hr | $71,070 | $74,426 | $68,077 | 2,030 |
| California | $39.31/hr | $81,770 | $73,852 | $78,138 | 25,790 |
| Georgia | $32.93/hr | $68,490 | $71,128 | $65,558 | 9,540 |
| Alaska | $35.00/hr | $72,800 | $71,121 | $72,800 | 490 |
| Pennsylvania | $33.32/hr | $69,300 | $71,025 | $67,172 | 8,140 |
| Maryland | $35.37/hr | $73,580 | $70,102 | $70,265 | 3,850 |
| Mississippi | $28.97/hr | $60,260 | $69,304 | $57,709 | 3,450 |
| Louisiana | $29.38/hr | $61,110 | $69,277 | $59,651 | 2,810 |
| Kentucky | $29.85/hr | $62,090 | $68,866 | $59,732 | 3,940 |
| Florida | $34.18/hr | $71,090 | $68,745 | $71,090 | 18,830 |
| Texas | $31.91/hr | $66,370 | $68,380 | $66,370 | 21,200 |
| Tennessee | $30.19/hr | $62,800 | $68,357 | $62,800 | 6,510 |
| New Mexico | $30.10/hr | $62,610 | $67,899 | $60,654 | 1,140 |
| South Carolina | $30.39/hr | $63,220 | $67,434 | $60,882 | 4,140 |
| Nevada | $31.01/hr | $64,500 | $64,512 | $64,500 | 2,580 |
| West Virginia | $27.68/hr | $57,580 | $64,335 | $55,633 | 1,290 |
| Arizona | $29.88/hr | $62,160 | $61,740 | $60,971 | 10,020 |
| Utah | $28.58/hr | $59,440 | $60,125 | $56,735 | 3,990 |
| Hawaii | $30.65/hr | $63,740 | $57,971 | $60,338 | 980 |
| Guam | $21.72/hr | $45,180 | Not published | Not published | 60 |
| Virgin Islands | $21.53/hr | $44,780 | Not published | Not published | 50 |
| Puerto Rico | $17.18/hr | $35,730 | Not published | Not published | 2,360 |
National median for comparison: $76,690. “Worth locally” divides pay by the area’s price level, so a figure above the headline means money goes further there than the US average.
$36.87/hr an hour, national median
Across the states
25th to 75th percentile, lowest and highest state
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