Loan Officer Salary By State: Highest-Paid Loan Officers by State [2026]
Research Summary. After thorough analysis by the Zippia data science team, we present the latest insights into loan officer salaries across the United States for 2026:
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New York boasts the highest loan officer salary at $59,699.
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Idaho records the lowest loan officer salary at $32,486.
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The national average salary for loan officers stands at $45,817.
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Nationally, the hourly wage for loan officers is $22.03.
For more details, refer to our specific methodology.
Background
When considering career options, salary remains the top priority for job seekers. This is particularly true for loan officers who often ask, “How much can I expect to earn in my area?”
Many factors influence individual salaries, but our research provides comprehensive data on average salaries for loan officers by state, taking into account seniority levels. While local variations may exist, these averages offer a solid guideline for what to expect in terms of compensation.
As of 2026, New York continues to lead as the state with the highest average salary for loan officers.
Here’s a snapshot of the ten states with the highest loan officer salaries:
Let’s delve deeper into the salary landscape for loan officers with a detailed ranking of all states.
Highest-Paid Loan Officers By State
| Rank | State | Average Loan Officer Salary | 10th Percentile | 90th Percentile |
|---|---|---|---|---|
| 1 | New York | $59,699 | $39,000 | $90,000 |
| 2 | New Mexico | $58,667 | $39,000 | $87,000 |
| 3 | Arkansas | $57,632 | $38,000 | $86,000 |
| 4 | Maine | $57,334 | $39,000 | $82,000 |
| 5 | North Carolina | $57,184 | $37,000 | $88,000 |
| 6 | South Dakota | $56,776 | $41,000 | $77,000 |
| 7 | Maryland | $55,216 | $36,000 | $84,000 |
| 8 | Connecticut | $54,999 | $36,000 | $82,000 |
| 9 | Massachusetts | $54,687 | $36,000 | $81,000 |
| 10 | Rhode Island | $54,195 | $36,000 | $81,000 |
| 11 | Pennsylvania | $54,105 | $35,000 | $82,000 |
| 12 | New Jersey | $53,245 | $34,000 | $81,000 |
| 13 | Vermont | $52,792 | $36,000 | $75,000 |
| 14 | Hawaii | $52,428 | $43,000 | $63,000 |
| 15 | Missouri | $52,052 | $35,000 | $75,000 |
| 16 | Texas | $50,432 | $32,000 | $77,000 |
| 17 | Wyoming | $49,929 | $36,000 | $68,000 |
| 18 | Michigan | $49,778 | $34,000 | $71,000 |
| 19 | New Hampshire | $49,350 | $33,000 | $72,000 |
| 20 | Minnesota | $49,272 | $36,000 | $66,000 |
| 21 | Virginia | $48,823 | $31,000 | $75,000 |
| 22 | Wisconsin | $48,722 | $34,000 | $68,000 |
| 23 | Kansas | $48,314 | $33,000 | $69,000 |
| 24 | Montana | $48,210 | $36,000 | $63,000 |
| 25 | Ohio | $48,150 | $32,000 | $71,000 |
| 26 | Florida | $47,043 | $29,000 | $74,000 |
| 27 | Oregon | $46,684 | $34,000 | $63,000 |
| 28 | Oklahoma | $46,604 | $31,000 | $69,000 |
| 29 | California | $46,587 | $31,000 | $69,000 |
| 30 | North Dakota | $46,365 | $35,000 | $61,000 |
| 31 | West Virginia | $46,076 | $30,000 | $69,000 |
| 32 | Iowa | $45,896 | $32,000 | $64,000 |
| 33 | Nevada | $45,459 | $30,000 | $67,000 |
| 34 | Kentucky | $44,698 | $29,000 | $66,000 |
| 35 | Indiana | $44,693 | $30,000 | $65,000 |
| 36 | Washington | $44,655 | $33,000 | $58,000 |
| 37 | Georgia | $43,774 | $28,000 | $67,000 |
| 38 | Louisiana | $42,912 | $27,000 | $66,000 |
| 39 | Illinois | $41,921 | $29,000 | $59,000 |
| 40 | Nebraska | $41,574 | $29,000 | $58,000 |
| 41 | South Carolina | $41,025 | $26,000 | $63,000 |
| 42 | Colorado | $40,643 | $28,000 | $57,000 |
| 43 | Delaware | $40,375 | $26,000 | $61,000 |
| 44 | Tennessee | $39,617 | $26,000 | $60,000 |
| 45 | Arizona | $39,004 | $26,000 | $58,000 |
| 46 | Alabama | $38,385 | $24,000 | $59,000 |
| 47 | Alaska | $38,104 | $33,000 | $43,000 |
| 48 | Mississippi | $37,680 | $24,000 | $57,000 |
| 49 | Utah | $33,138 | $23,000 | $46,000 |
| 50 | Idaho | $32,486 | $23,000 | $44,000 |
Methodology: Loan Officer Salary By State
To accurately assess loan officer salaries by state, Zippia has compiled data from various authoritative sources, including the BLS, FLC, and OPM. We supplemented this data with actual salary listings from job postings. Our data science team then calculated a weighted average based on these inputs to derive the average salary for loan officers across each state.
We ranked the states based on the average annual salary derived from these estimates, with the state displaying the highest salary receiving the top ranking.
Loan Officer Salary By State FAQs
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What is the highest-paid state for loan officers?
The highest-paid state for loan officers is New York, with an average salary of $59,699 per year.
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What city pays loan officers the most?
New York, NY, offers the highest compensation for loan officers, with an average salary of $59,863 per year.
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What is the lowest-paying state for loan officers?
Idaho is the lowest-paying state for loan officers, with an average salary of $32,486 per year.
Author
Chris Kolmar is a co-founder of Zippia and the editor-in-chief of the Zippia career advice blog. He has hired over 50 people in his career, been hired five times, and wants to help you land your next job. His research has been featured on the New York Times, Thrillist, VOX, The Atlantic, and a host of local news. More recently, he's been quoted on USA Today, BusinessInsider, and CNBC.
