Best states for a loan consultant

Q: What is the best state for loan consultants?

The best state to be a loan consultant is South Dakota based on loan consultant salaries and job opportunities.

Q: What is the highest paying state for loan consultants?

The highest paying state for loan consultants is Mississippi based on Zippia’s salary database.

Q: What is the worst state for loan consultants?

The worst state for loan consultants is Virginia, due to a combination of low salaries and few job opportunities.

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Loan consultant opportunities vary in different parts of the country. In order to help you determine the best states for loan consultants, we ranked all fifty states from best to worst for loan consultants.This way, if you are newly entering the job market, or you are looking to change jobs, you know which places are the best for loan consultant jobs.

To do that, we looked at the most recent data we have available for the following criteria -- average annual wages, and availability of jobs for loan consultants.If you are currently seeking employment as a loan consultant, you can find open job positions using Zippia's search tools.

10 best states for loan consultants in 2026

1. South Dakota
Total loan consultant jobs: 181
Average annual salary: $50,978
Lowest 10 percent earn: $38,000
Highest 10 percent earn: $66,000
Location Quotient:
3.39
Loan consultant jobs in South Dakota
2. Minnesota
Total loan consultant jobs: 480
Average annual salary: $45,774
Lowest 10 percent earn: $35,000
Highest 10 percent earn: $59,000
Location Quotient:
1.45
Loan consultant jobs in Minnesota
3. Wyoming
Total loan consultant jobs: 37
Average annual salary: $44,926
Lowest 10 percent earn: $33,000
Highest 10 percent earn: $59,000
Location Quotient:
1.24
Loan consultant jobs in Wyoming
4. Montana
Total loan consultant jobs: 66
Average annual salary: $44,357
Lowest 10 percent earn: $34,000
Highest 10 percent earn: $56,000
Location Quotient:
1.15
Loan consultant jobs in Montana
5. Rhode Island
Total loan consultant jobs: 66
Average annual salary: $44,071
Lowest 10 percent earn: $32,000
Highest 10 percent earn: $60,000
Location Quotient:
1.09
Loan consultant jobs in Rhode Island
6. Maine
Total loan consultant jobs: 57
Average annual salary: $47,809
Lowest 10 percent earn: $37,000
Highest 10 percent earn: $60,000
Location Quotient:
0.86
Loan consultant jobs in Maine
7. New Jersey
Total loan consultant jobs: 434
Average annual salary: $45,926
Lowest 10 percent earn: $32,000
Highest 10 percent earn: $64,000
Location Quotient:
1.09
Loan consultant jobs in New Jersey
8. Arkansas
Total loan consultant jobs: 94
Average annual salary: $48,155
Lowest 10 percent earn: $34,000
Highest 10 percent earn: $67,000
Location Quotient:
0.72
Loan consultant jobs in Arkansas
9. Vermont
Total loan consultant jobs: 37
Average annual salary: $44,081
Lowest 10 percent earn: $34,000
Highest 10 percent earn: $56,000
Location Quotient:
0.97
Loan consultant jobs in Vermont
10. North Dakota
Total loan consultant jobs: 46
Average annual salary: $42,829
Lowest 10 percent earn: $33,000
Highest 10 percent earn: $54,000
Location Quotient:
0.99
Loan consultant jobs in North Dakota

Loan consultant jobsNear Columbus, OH

How Zippia determines the best states to be a loan consultant

You can read about how the best state rankings are calculated here.

Detailed list of the best states for a loan consultant

Rank	State	Average salary	Lowest 10% earn	Population	Job count
1	South Dakota	$50,978	$38,000	869,666	181
2	Minnesota	$45,774	$35,000	5,576,606	480
3	Wyoming	$44,926	$33,000	579,315	37
4	Montana	$44,357	$34,000	1,050,493	66
5	Rhode Island	$44,071	$32,000	1,059,639	66
6	Maine	$47,809	$37,000	1,335,907	57
7	New Jersey	$45,926	$32,000	9,005,644	434
8	Arkansas	$48,155	$34,000	3,004,279	94
9	Vermont	$44,081	$34,000	623,657	37
10	North Dakota	$42,829	$33,000	755,393	46
11	New Mexico	$48,612	$34,000	2,088,070	48
12	Pennsylvania	$42,965	$30,000	12,805,537	501
13	North Carolina	$41,878	$29,000	10,273,419	444
14	New York	$48,212	$34,000	19,849,399	487
15	Washington	$44,353	$35,000	7,405,743	315
16	Florida	$40,721	$27,000	20,984,400	953
17	Oklahoma	$39,105	$27,000	3,930,864	443
18	Hawaii	$45,104	$37,000	1,427,538	43
19	Maryland	$45,537	$32,000	6,052,177	246
20	Colorado	$40,956	$30,000	5,607,154	318
21	Iowa	$40,472	$30,000	3,145,711	147
22	Michigan	$40,213	$29,000	9,962,311	358
23	District of Columbia	$41,960	$29,000	693,972	86
24	Ohio	$38,694	$28,000	11,658,609	471
25	Nebraska	$41,266	$30,000	1,920,076	79
26	Missouri	$38,502	$27,000	6,113,532	321
27	South Carolina	$40,934	$28,000	5,024,369	167
28	California	$41,983	$29,000	39,536,653	1,435
29	Kansas	$39,158	$28,000	2,913,123	134
30	Connecticut	$40,865	$29,000	3,588,184	126
31	Oregon	$40,235	$31,000	4,142,776	178
32	Kentucky	$38,622	$27,000	4,454,189	145
33	West Virginia	$38,765	$27,000	1,815,857	40
34	New Hampshire	$40,347	$30,000	1,342,795	60
35	Idaho	$35,771	$27,000	1,716,943	89
36	Massachusetts	$39,689	$29,000	6,859,819	341
37	Illinois	$36,698	$27,000	12,802,023	597
38	Arizona	$34,028	$24,000	7,016,270	410
39	Wisconsin	$37,224	$28,000	5,795,483	214
40	Alaska	$35,529	$32,000	739,795	35
41	Texas	$35,338	$24,000	28,304,596	906
42	Alabama	$31,341	$21,000	4,874,747	657
43	Georgia	$35,934	$25,000	10,429,379	415
44	Utah	$32,938	$24,000	3,101,833	167
45	Mississippi	$30,290	$21,000	2,984,100	332
46	Tennessee	$34,766	$24,000	6,715,984	216
47	Delaware	$33,057	$23,000	961,939	64
48	Indiana	$33,263	$24,000	6,666,818	256
49	Louisiana	$34,932	$24,000	4,684,333	88
50	Nevada	$31,654	$22,000	2,998,039	100
51	Virginia	$36,106	$25,000	8,470,020	338

Highest paying states for loan consultants

Rank	State	Avg. Loan Consultant Salary
1	South Dakota	$50,978
2	Minnesota	$45,774
3	Wyoming	$44,926
4	Montana	$44,357
5	Rhode Island	$44,071
6	Maine	$47,809
7	New Jersey	$45,926
8	Arkansas	$48,155
9	Vermont	$44,081
10	North Dakota	$42,829
11	New Mexico	$48,612
12	Pennsylvania	$42,965
13	North Carolina	$41,878
14	New York	$48,212
15	Washington	$44,353
16	Florida	$40,721
17	Oklahoma	$39,105
18	Hawaii	$45,104
19	Maryland	$45,537
20	Colorado	$40,956
21	Iowa	$40,472
22	Michigan	$40,213
23	District of Columbia	$41,960
24	Ohio	$38,694
25	Nebraska	$41,266
26	Missouri	$38,502
27	South Carolina	$40,934
28	California	$41,983
29	Kansas	$39,158
30	Connecticut	$40,865
31	Oregon	$40,235
32	Kentucky	$38,622
33	West Virginia	$38,765
34	New Hampshire	$40,347
35	Idaho	$35,771
36	Massachusetts	$39,689
37	Illinois	$36,698
38	Arizona	$34,028
39	Wisconsin	$37,224
40	Alaska	$35,529
41	Texas	$35,338
42	Alabama	$31,341
43	Georgia	$35,934
44	Utah	$32,938
45	Mississippi	$30,290
46	Tennessee	$34,766
47	Delaware	$33,057
48	Indiana	$33,263
49	Louisiana	$34,932
50	Nevada	$31,654
51	Virginia	$36,106

Loan consultant best states FAQs

What is the best state for loan consultants?

What is the highest paying state for loan consultants?

What is the worst state for loan consultants?

Have more questions? See all answers to common business and financial questions.

Search for loan consultant jobs

Updated January 8, 2025

Browse business and financial jobs

Total loan consultant jobs:	181
Average annual salary:	$50,978
Lowest 10 percent earn:	$38,000
Highest 10 percent earn:	$66,000
Location Quotient:	3.39

Best states for a loan consultant

10 best states for loan consultants in 2026

1. South Dakota

2. Minnesota

3. Wyoming

4. Montana

5. Rhode Island

6. Maine

7. New Jersey

8. Arkansas

9. Vermont

10. North Dakota