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Job outlook for consumer loan officers in the United States
Consumer loan officer job growth summary. After extensive research, interviews, and analysis, Zippia's data science team found that:
The projected consumer loan officer job growth rate is 4% from 2018-2028.
About 12,600 new jobs for consumer loan officers are projected over the next decade.
Consumer loan officer salaries have increased 0% for consumer loan officers in the last 5 years.
There are over 108,289 consumer loan officers currently employed in the United States.
There are 68,163 active consumer loan officer job openings in the US.
The average consumer loan officer salary is $84,607.
Are consumer loan officer jobs in demand?
Consumer loan officer job and salary trends over time
Consumer loan officer jobs over time
Consumer loan officer job growth rate over time
| Year | # of jobs | % of population |
|---|---|---|
| 2021 | 108,289 | 0.03% |
| 2020 | 98,068 | 0.03% |
| 2019 | 98,039 | 0.03% |
| 2018 | 97,219 | 0.03% |
| 2017 | 98,000 | 0.03% |
Average consumer loan officer salary over time
Consumer loan officer salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $84,607 | $40.68 | +1.1% |
| 2024 | $83,694 | $40.24 | +0.4% |
| 2023 | $83,390 | $40.09 | --2.5% |
| 2022 | $85,533 | $41.12 | +1.6% |
| 2021 | $84,197 | $40.48 | +0.3% |
Consumer loan officer jobs by state
Most common states for consumer loan officers
| Rank | State | Population | # of jobs | Employment/ 1000ppl |
|---|---|---|---|---|
| 1 | Minnesota | 5,576,606 | 1,111 | 20% |
| 2 | Idaho | 1,716,943 | 337 | 20% |
| 3 | North Dakota | 755,393 | 148 | 20% |
| 4 | Rhode Island | 1,059,639 | 197 | 19% |
| 5 | Massachusetts | 6,859,819 | 1,263 | 18% |
| 6 | Virginia | 8,470,020 | 1,352 | 16% |
| 7 | Colorado | 5,607,154 | 887 | 16% |
| 8 | Iowa | 3,145,711 | 496 | 16% |
| 9 | Arizona | 7,016,270 | 1,022 | 15% |
| 10 | New Hampshire | 1,342,795 | 196 | 15% |
| 11 | South Dakota | 869,666 | 128 | 15% |
| 12 | Maryland | 6,052,177 | 866 | 14% |
| 13 | Nebraska | 1,920,076 | 278 | 14% |
| 14 | Vermont | 623,657 | 90 | 14% |
| 15 | Illinois | 12,802,023 | 1,665 | 13% |
| 16 | Georgia | 10,429,379 | 1,371 | 13% |
| 17 | North Carolina | 10,273,419 | 1,322 | 13% |
| 18 | New Jersey | 9,005,644 | 1,210 | 13% |
| 19 | Nevada | 2,998,039 | 377 | 13% |
| 20 | New Mexico | 2,088,070 | 261 | 12% |
Most common cities for consumer loan officers
| Rank | City | # of jobs | Employment/ 1000ppl | Avg. salary |
|---|---|---|---|---|
| 1 | Rexburg | 1 | 4% | $57,143 |
| 2 | Lenexa | 1 | 2% | $68,610 |
| 3 | Waltham | 1 | 2% | $91,093 |
| 4 | Champaign | 1 | 1% | $71,126 |
| 5 | Fort Collins | 1 | 1% | $74,773 |
| 6 | San Francisco | 2 | 0% | $78,812 |
| 7 | Colorado Springs | 1 | 0% | $76,512 |
| 8 | El Paso | 1 | 0% | $84,691 |
Consumer Loan Officer job outlook: Expert opinions
Our panel of consumer loan officer experts
Arkansas State University
Dr. Bert Greenwalt
Professor of Agricultural EconomicsArkansas State University
College of Agriculture
What skills stand out on Consumer Loan Officer resumes?
Dr. Bert Greenwalt: -Familiarity with farm businesses and rural culture
-1-3 yrs. experience in the agribusiness sector
What soft skills should all Consumer Loan Officers possess?
Dr. Bert Greenwalt: -Effective interpersonal communication
-Ability to explain complex concepts
What hard/technical skills are most important for Consumer Loan Officers?
Dr. Bert Greenwalt: -Analytical and problem-solving skills
-Critical thinking skills
-Understanding of farm business management and finance
What skills will help Consumer Loan Officers earn the most?
Dr. Bert Greenwalt: -Excellent strategic selling skills and proven customer service skills