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Closer salary
Average closer salary
$14.08
Understanding Closer Salaries
The salary for a Closer can significantly differ based on various factors, including geographical location, years of experience, and the industry in which they work. As of October 2025, the average annual salary for a Closer is approximately $29,291, or about $14 per hour. In some states, Closers can earn considerably more, particularly in regions with high demand for sales professionals.
Salary by Experience Level
Experience plays a key role in determining salary levels. Entry-level Closers may begin with lower salaries, while those with several years of experience typically see substantial increases. For instance, a mid-career Closer can earn between $35,000 and $50,000 per year, depending on their expertise and the complexity of the sales they handle.
Industries Offering Higher Salaries
Certain industries, such as technology and real estate, tend to offer higher salaries for Closers due to the high value of the transactions involved. Understanding which sectors are most lucrative can guide job seekers in their career paths.
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Where can a Closer earn more?
Closer salaries by experience level
| Experience level | Avg. salary | Hourly rate |
|---|---|---|
| Entry-level closer | $19,100 | $9.16 |
| Mid-level closer | $31,300 | $15.07 |
| Senior-level closer | $56,000 | $26.90 |
Closer salary estimates from across the web
Average closer salary by state
The average closer salary in Hawaii, New Mexico, and Maine are the highest in the U.S. The lowest average closer salary states are Tennessee, Delaware, and Utah.
- State view
- County view
Highest paying states for closers
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New Mexico | $32,604 | $15.68 |
| 2 | Arkansas | $31,007 | $14.91 |
| 3 | South Dakota | $30,580 | $14.70 |
| 4 | Maine | $32,283 | $15.52 |
| 5 | New York | $31,471 | $15.13 |
| 6 | Rhode Island | $29,819 | $14.34 |
| 7 | Vermont | $29,564 | $14.21 |
| 8 | Hawaii | $34,851 | $16.76 |
| 9 | Florida | $28,954 | $13.92 |
| 10 | Pennsylvania | $27,744 | $13.34 |
| 11 | New Jersey | $30,896 | $14.85 |
| 12 | California | $32,235 | $15.50 |
| 13 | Wyoming | $27,456 | $13.20 |
| 14 | Minnesota | $28,140 | $13.53 |
| 15 | Michigan | $26,256 | $12.62 |
| 16 | Oregon | $29,436 | $14.15 |
| 17 | North Dakota | $25,936 | $12.47 |
| 18 | Texas | $26,354 | $12.67 |
| 19 | New Hampshire | $27,316 | $13.13 |
| 20 | Ohio | $25,091 | $12.06 |
| 21 | Maryland | $28,193 | $13.55 |
| 22 | Connecticut | $27,622 | $13.28 |
| 23 | Iowa | $25,898 | $12.45 |
| 24 | West Virginia | $25,113 | $12.07 |
| 25 | Washington | $27,364 | $13.16 |
| 26 | Montana | $26,488 | $12.73 |
| 27 | District of Columbia | $28,078 | $13.50 |
| 28 | Massachusetts | $26,877 | $12.92 |
| 29 | Nebraska | $25,194 | $12.11 |
| 30 | Oklahoma | $25,143 | $12.09 |
| 31 | North Carolina | $24,500 | $11.78 |
| 32 | Nevada | $24,713 | $11.88 |
| 33 | Kansas | $24,426 | $11.74 |
| 34 | Colorado | $26,267 | $12.63 |
| 35 | Arizona | $25,461 | $12.24 |
| 36 | Kentucky | $24,411 | $11.74 |
| 37 | Virginia | $25,764 | $12.39 |
| 38 | Illinois | $24,874 | $11.96 |
| 39 | South Carolina | $24,383 | $11.72 |
| 40 | Louisiana | $23,371 | $11.24 |
| 41 | Missouri | $24,005 | $11.54 |
| 42 | Wisconsin | $23,328 | $11.22 |
| 43 | Idaho | $22,733 | $10.93 |
| 44 | Alaska | $23,486 | $11.29 |
| 45 | Georgia | $23,302 | $11.20 |
| 46 | Tennessee | $22,191 | $10.67 |
| 47 | Delaware | $22,100 | $10.63 |
| 48 | Utah | $21,310 | $10.25 |
| 49 | Indiana | $20,831 | $10.01 |
| 50 | Alabama | $20,489 | $9.85 |
| 51 | Mississippi | $19,900 | $9.57 |
Highest paying cities for closers
The highest-paying cities for closers are Greece, NY, Tampa, FL, and Brooklyn Park, MN.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Greece, NY | $31,106 | $14.95 |
| 2 | Tampa, FL | $29,113 | $14.00 |
| 3 | Brooklyn Park, MN | $28,154 | $13.54 |
| 4 | Easton, PA | $28,123 | $13.52 |
| 5 | Westfield, MA | $26,932 | $12.95 |
| 6 | Centreville, VA | $26,371 | $12.68 |
| 7 | Fort Worth, TX | $25,893 | $12.45 |
| 8 | Reno, NV | $25,864 | $12.43 |
| 9 | Tucson, AZ | $25,436 | $12.23 |
| 10 | Chicago, IL | $24,987 | $12.01 |
| 11 | Marion, OH | $24,974 | $12.01 |
| 12 | Raleigh, NC | $24,702 | $11.88 |
| 13 | Florence, KY | $24,586 | $11.82 |
| 14 | Spartanburg, SC | $24,307 | $11.69 |
| 15 | Saint Louis, MO | $24,068 | $11.57 |
| 16 | Atlanta, GA | $23,301 | $11.20 |
| 17 | Madison, WI | $23,078 | $11.10 |
| 18 | Bossier City, LA | $23,072 | $11.09 |
| 19 | Lebanon, TN | $22,254 | $10.70 |
| 20 | South Jordan, UT | $21,272 | $10.23 |
Closer salary details
A closer's salary ranges from $20,000 a year at the 10th percentile to $40,000 at the 90th percentile.
What is a closer's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $40,000 | $3,333 | $19 |
| 75th Percentile | $34,000 | $2,833 | $16 |
| Average | $29,291 | $2,441 | $14 |
| 25th Percentile | $24,000 | $2,000 | $12 |
| 10th Percentile | $20,000 | $1,667 | $10 |
Highest paying closer jobs
The highest paying types of closers are credit officer, bank officer, and commercial loan officer.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Personal Lines Underwriter | $69,706 | $5,809 | $33.51 | 19,754 |
| Mortgage Consultant | $38,934 | $3,245 | $18.72 | 24,057 |
| Loan Originator | $41,291 | $3,441 | $19.85 | 10,716 |
| Bank Officer | $79,562 | $6,630 | $38.25 | 69,880 |
| Loan Analyst | $37,857 | $3,155 | $18.20 | 24,756 |
| Underwriter | $61,751 | $5,146 | $29.69 | 8,510 |
Top companies hiring closers now:
Which companies pay closers the most?
Closer salaries at GPAC and KeyBank are the highest-paying according to our most recent salary estimates. In addition, the average closer salary at companies like Wells Fargo and Grand Central Bakery are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | GPAC | $64,922 | $31.21 |
| 2 | KeyBank | $40,877 | $19.65 |
| 3 | Wells Fargo | $39,828 | $19.15 |
| 4 | Grand Central Bakery | $39,081 | $18.79 |
| 5 | Simmons Bank | $38,172 | $18.35 |
| 6 | Serta Simmons Bedding | $36,639 | $17.61 |
| 7 | New York Community Bank | $35,183 | $16.91 |
| 8 | Hartung Glass | $33,428 | $16.07 |
| 9 | Little Lukes | $31,688 | $15.23 |
| 10 | Ameris Bank | $31,006 | $14.91 |
| 11 | Miracle-Ear | $30,775 | $14.80 |
| 12 | Randstad North America, Inc. | $30,380 | $14.61 |
| 13 | Learning Care Group | $30,223 | $14.53 |
| 14 | Merchants Bank of Indiana | $30,187 | $14.51 |
| 15 | Center for Diagnostic Imaging, Inc. | $30,121 | $14.48 |
| 16 | Texas Bank and Trust | $30,015 | $14.43 |
| 17 | Townsquare Interactive | $29,864 | $14.36 |
| 18 | Town Pump | $29,725 | $14.29 |
| 19 | Kids Crossing | $29,538 | $14.20 |
| 20 | BancorpSouth | $29,517 | $14.19 |
Wage gap by gender, race and education
Closer salary trends
The average closer salary has risen by $2,715 over the last ten years. In 2014, the average closer earned $26,576 annually, but today, they earn $29,291 a year. That works out to a 0% change in pay for closers over the last decade.
Compare closer salaries for cities or states with the national average over time.
Average closer salary over time
Compare closer salaries for individual cities or states with the national average.
Closer salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $29,300 | $14.08 | +1.1% |
| 2024 | $29,000 | $13.93 | +0.4% |
| 2023 | $28,900 | $13.88 | -2.6% |
| 2022 | $29,600 | $14.24 | +1.6% |
| 2021 | $29,100 | $14.01 | +0.3% |
Recently added closer salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Teksystems | Closer/Funder | Plano, TX | 06/27/2025 | $48,001 |
| Triad Financial Services | Closer/Funder | Jacksonville, FL | 06/26/2025 | $43,827 |
| Better | Debt Sales Closer | Irvine, CA | 06/26/2025 | $51,600 |
| Hot Head Burritos | Evening Closer at Hot Head Burritos# | Austintown, OH | 06/26/2025 | $29,218 |
| Triad Financial Services | Closer/Funder (Includes Bonus Plan) | Bourbonnais, IL | 06/25/2025 | $43,827 |
| McDonald's | Closer/Late Evening | Rogersville, AL | 06/24/2025 | $18,783 |
| First American Financial | In-House Closer | New York, NY | 06/21/2025 | $45,121 |
| Axos Bank | Closer (Residential Mortgage) | San Diego, CA | 06/20/2025 | $39,653 |
| Cannon Falls Area Schools | Year Round Positions In Cannon Kids Closer/Preschool Para | Nore, MN | 06/17/2025 | $33,914 |
| Pennymac | Mortage Closer I | Tampa, FL | 06/14/2025 | $39,000 |
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