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Best states for a commercial loan officer
- Rank 1 - 10
- 11 - 20
- 21 - 30
- 31 - 40
- 41 - 51
Do you wonder which states in the U.S. are the best for commercial loan officers? If so, we have the full list of best to worst states for commercial loan officer jobs for you to check out and see if you think it's time to move and start anew. Not all states fare the same when it come to job opportunity and pay.As commercial loan officers are popular in the U.S., we wanted to bring you a list of the best states for commercial loan officers. In case you are trying to decide where to start your career as a commercial loan officer, or if you are considering moving to a different city or state, we got you covered.
We figured that the best places for commercial loan officer jobs has three things everyone would agree on. There would be high annual wages, good career prospects (no matter what phase of the career you are in), and a lot of job opportunities.We found that Rhode Island is the best state for commercial loan officer jobs, whereas Utah is the worst.
10 best states for commercial loan officers in 2025
1. Rhode Island
Total commercial loan officer jobs: 221 Average annual salary: $80,688 Lowest 10 percent earn: $56,000 Highest 10 percent earn: $115,000 Location Quotient: 1.19
2. New Jersey
Total commercial loan officer jobs: 1,392 Average annual salary: $82,051 Lowest 10 percent earn: $56,000 Highest 10 percent earn: $119,000 Location Quotient: 1.15
3. North Carolina
Total commercial loan officer jobs: 1,588 Average annual salary: $78,591 Lowest 10 percent earn: $53,000 Highest 10 percent earn: $116,000 Location Quotient: 1.09
4. Massachusetts
Total commercial loan officer jobs: 1,515 Average annual salary: $82,189 Lowest 10 percent earn: $57,000 Highest 10 percent earn: $116,000 Location Quotient: 1.08
5. Maine
Total commercial loan officer jobs: 186 Average annual salary: $89,438 Lowest 10 percent earn: $63,000 Highest 10 percent earn: $125,000 Location Quotient: 0.92
6. Minnesota
Total commercial loan officer jobs: 1,260 Average annual salary: $77,261 Lowest 10 percent earn: $56,000 Highest 10 percent earn: $105,000 Location Quotient: 1.25
7. Arkansas
Total commercial loan officer jobs: 414 Average annual salary: $77,558 Lowest 10 percent earn: $54,000 Highest 10 percent earn: $111,000 Location Quotient: 1.04
8. Washington
Total commercial loan officer jobs: 1,067 Average annual salary: $86,637 Lowest 10 percent earn: $59,000 Highest 10 percent earn: $125,000 Location Quotient: 0.96
9. New Mexico
Total commercial loan officer jobs: 296 Average annual salary: $78,722 Lowest 10 percent earn: $55,000 Highest 10 percent earn: $111,000 Location Quotient: 0.99
10. Vermont
Total commercial loan officer jobs: 103 Average annual salary: $81,298 Lowest 10 percent earn: $57,000 Highest 10 percent earn: $114,000 Location Quotient: 0.88
Commercial loan officer jobsNear Columbus, OH
How Zippia determines the best states to be a commercial loan officer
You can read about how the best state rankings are calculated here.
Detailed list of the best states for a commercial loan officer
| Rank | State | Average salary | Lowest 10% earn | Population | Job count |
|---|---|---|---|---|---|
| 1 | Rhode Island | $80,688 | $56,000 | 1,059,639 | 221 |
| 2 | New Jersey | $82,051 | $56,000 | 9,005,644 | 1,392 |
| 3 | North Carolina | $78,591 | $53,000 | 10,273,419 | 1,588 |
| 4 | Massachusetts | $82,189 | $57,000 | 6,859,819 | 1,515 |
| 5 | Maine | $89,438 | $63,000 | 1,335,907 | 186 |
| 6 | Minnesota | $77,261 | $56,000 | 5,576,606 | 1,260 |
| 7 | Arkansas | $77,558 | $54,000 | 3,004,279 | 414 |
| 8 | Washington | $86,637 | $59,000 | 7,405,743 | 1,067 |
| 9 | New Mexico | $78,722 | $55,000 | 2,088,070 | 296 |
| 10 | Vermont | $81,298 | $57,000 | 623,657 | 103 |
| 11 | Iowa | $74,157 | $53,000 | 3,145,711 | 598 |
| 12 | Maryland | $80,662 | $54,000 | 6,052,177 | 967 |
| 13 | New York | $77,371 | $53,000 | 19,849,399 | 2,156 |
| 14 | Delaware | $78,055 | $53,000 | 961,939 | 86 |
| 15 | New Hampshire | $75,162 | $53,000 | 1,342,795 | 234 |
| 16 | Colorado | $72,570 | $52,000 | 5,607,154 | 1,006 |
| 17 | South Dakota | $72,159 | $52,000 | 869,666 | 156 |
| 18 | North Dakota | $67,759 | $50,000 | 755,393 | 169 |
| 19 | Oregon | $75,703 | $51,000 | 4,142,776 | 563 |
| 20 | Connecticut | $73,921 | $51,000 | 3,588,184 | 504 |
| 21 | Hawaii | $83,497 | $63,000 | 1,427,538 | 67 |
| 22 | South Carolina | $68,424 | $46,000 | 5,024,369 | 671 |
| 23 | Idaho | $62,429 | $43,000 | 1,716,943 | 395 |
| 24 | Wyoming | $70,536 | $51,000 | 579,315 | 34 |
| 25 | Michigan | $67,543 | $47,000 | 9,962,311 | 1,084 |
| 26 | Montana | $71,645 | $52,000 | 1,050,493 | 61 |
| 27 | Ohio | $64,848 | $45,000 | 11,658,609 | 1,505 |
| 28 | Wisconsin | $66,560 | $47,000 | 5,795,483 | 809 |
| 29 | West Virginia | $65,178 | $44,000 | 1,815,857 | 209 |
| 30 | Florida | $71,510 | $48,000 | 20,984,400 | 1,180 |
| 31 | Pennsylvania | $62,938 | $43,000 | 12,805,537 | 1,819 |
| 32 | Nebraska | $65,098 | $46,000 | 1,920,076 | 325 |
| 33 | Oklahoma | $62,540 | $44,000 | 3,930,864 | 460 |
| 34 | Georgia | $59,598 | $40,000 | 10,429,379 | 1,717 |
| 35 | District of Columbia | $74,079 | $50,000 | 693,972 | 57 |
| 36 | Arizona | $57,083 | $39,000 | 7,016,270 | 1,198 |
| 37 | Missouri | $61,117 | $43,000 | 6,113,532 | 924 |
| 38 | Kentucky | $62,804 | $43,000 | 4,454,189 | 483 |
| 39 | Tennessee | $56,340 | $38,000 | 6,715,984 | 972 |
| 40 | Nevada | $54,582 | $37,000 | 2,998,039 | 418 |
| 41 | California | $56,067 | $37,000 | 39,536,653 | 5,877 |
| 42 | Texas | $60,630 | $41,000 | 28,304,596 | 2,950 |
| 43 | Kansas | $61,719 | $43,000 | 2,913,123 | 402 |
| 44 | Louisiana | $58,382 | $39,000 | 4,684,333 | 472 |
| 45 | Mississippi | $49,905 | $34,000 | 2,984,100 | 433 |
| 46 | Alabama | $51,888 | $35,000 | 4,874,747 | 760 |
| 47 | Illinois | $52,457 | $37,000 | 12,802,023 | 2,047 |
| 48 | Indiana | $54,192 | $37,000 | 6,666,818 | 1,018 |
| 49 | Alaska | $61,533 | $52,000 | 739,795 | 47 |
| 50 | Virginia | $62,422 | $42,000 | 8,470,020 | 401 |
| 51 | Utah | $53,506 | $38,000 | 3,101,833 | 226 |
Highest paying states for commercial loan officers
| Rank | State | Avg. Commercial Loan Officer Salary |
|---|---|---|
| 1 | Rhode Island | $80,688 |
| 2 | New Jersey | $82,051 |
| 3 | North Carolina | $78,591 |
| 4 | Massachusetts | $82,189 |
| 5 | Maine | $89,438 |
| 6 | Minnesota | $77,261 |
| 7 | Arkansas | $77,558 |
| 8 | Washington | $86,637 |
| 9 | New Mexico | $78,722 |
| 10 | Vermont | $81,298 |
| 11 | Iowa | $74,157 |
| 12 | Maryland | $80,662 |
| 13 | New York | $77,371 |
| 14 | Delaware | $78,055 |
| 15 | New Hampshire | $75,162 |
| 16 | Colorado | $72,570 |
| 17 | South Dakota | $72,159 |
| 18 | North Dakota | $67,759 |
| 19 | Oregon | $75,703 |
| 20 | Connecticut | $73,921 |
| 21 | Hawaii | $83,497 |
| 22 | South Carolina | $68,424 |
| 23 | Idaho | $62,429 |
| 24 | Wyoming | $70,536 |
| 25 | Michigan | $67,543 |
| 26 | Montana | $71,645 |
| 27 | Ohio | $64,848 |
| 28 | Wisconsin | $66,560 |
| 29 | West Virginia | $65,178 |
| 30 | Florida | $71,510 |
| 31 | Pennsylvania | $62,938 |
| 32 | Nebraska | $65,098 |
| 33 | Oklahoma | $62,540 |
| 34 | Georgia | $59,598 |
| 35 | District of Columbia | $74,079 |
| 36 | Arizona | $57,083 |
| 37 | Missouri | $61,117 |
| 38 | Kentucky | $62,804 |
| 39 | Tennessee | $56,340 |
| 40 | Nevada | $54,582 |
| 41 | California | $56,067 |
| 42 | Texas | $60,630 |
| 43 | Kansas | $61,719 |
| 44 | Louisiana | $58,382 |
| 45 | Mississippi | $49,905 |
| 46 | Alabama | $51,888 |
| 47 | Illinois | $52,457 |
| 48 | Indiana | $54,192 |
| 49 | Alaska | $61,533 |
| 50 | Virginia | $62,422 |
| 51 | Utah | $53,506 |
Commercial loan officer best states FAQs
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Updated January 8, 2025