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Best states for a loan officer
- Rank 1 - 10
- 11 - 20
- 21 - 30
- 31 - 40
- 41 - 51
Job opportunities vary from state to state, and business and financial careers are no different. Because we know how difficult it can be to know which states are the best when it comes to loan officer jobs, we decided to crunch some numbers to bring you the best states for loan officers.In order to help you decide which state is the best for loan officers, we ranked all 50 states and the District of Columbia from best to worst for loan officer jobs.
New Mexico is the best state for jobs for loan officers, and Utah is the worst. The most common pay in New Mexico is $58,667, while the median pay in Utah is $33,138.New Mexico is the best state, and Southampton is the city with the highest pay for loan officers.
10 best states for loan officers in 2026
1. New Mexico
Total loan officer jobs: 227 Average annual salary: $58,667 Lowest 10 percent earn: $39,000 Highest 10 percent earn: $87,000 Location Quotient: 1.14
2. Maine
Total loan officer jobs: 155 Average annual salary: $57,334 Lowest 10 percent earn: $39,000 Highest 10 percent earn: $82,000 Location Quotient: 1.15
3. Rhode Island
Total loan officer jobs: 169 Average annual salary: $54,195 Lowest 10 percent earn: $36,000 Highest 10 percent earn: $81,000 Location Quotient: 1.37
4. South Dakota
Total loan officer jobs: 124 Average annual salary: $56,776 Lowest 10 percent earn: $41,000 Highest 10 percent earn: $77,000 Location Quotient: 1.14
5. Arkansas
Total loan officer jobs: 293 Average annual salary: $57,632 Lowest 10 percent earn: $38,000 Highest 10 percent earn: $86,000 Location Quotient: 1.1
6. New York
Total loan officer jobs: 1,425 Average annual salary: $59,699 Lowest 10 percent earn: $39,000 Highest 10 percent earn: $90,000 Location Quotient: 1.09
7. North Carolina
Total loan officer jobs: 975 Average annual salary: $57,184 Lowest 10 percent earn: $37,000 Highest 10 percent earn: $88,000 Location Quotient: 1
8. Vermont
Total loan officer jobs: 96 Average annual salary: $52,792 Lowest 10 percent earn: $36,000 Highest 10 percent earn: $75,000 Location Quotient: 1.23
9. Maryland
Total loan officer jobs: 761 Average annual salary: $55,216 Lowest 10 percent earn: $36,000 Highest 10 percent earn: $84,000 Location Quotient: 1.18
10. Massachusetts
Total loan officer jobs: 1,011 Average annual salary: $54,687 Lowest 10 percent earn: $36,000 Highest 10 percent earn: $81,000 Location Quotient: 1.08
Loan officer jobsNear Columbus, OH
How Zippia determines the best states to be a loan officer
You can read about how the best state rankings are calculated here.
Detailed list of the best states for a loan officer
| Rank | State | Average salary | Lowest 10% earn | Population | Job count |
|---|---|---|---|---|---|
| 1 | New Mexico | $58,667 | $39,000 | 2,088,070 | 227 |
| 2 | Maine | $57,334 | $39,000 | 1,335,907 | 155 |
| 3 | Rhode Island | $54,195 | $36,000 | 1,059,639 | 169 |
| 4 | South Dakota | $56,776 | $41,000 | 869,666 | 124 |
| 5 | Arkansas | $57,632 | $38,000 | 3,004,279 | 293 |
| 6 | New York | $59,699 | $39,000 | 19,849,399 | 1,425 |
| 7 | North Carolina | $57,184 | $37,000 | 10,273,419 | 975 |
| 8 | Vermont | $52,792 | $36,000 | 623,657 | 96 |
| 9 | Maryland | $55,216 | $36,000 | 6,052,177 | 761 |
| 10 | Massachusetts | $54,687 | $36,000 | 6,859,819 | 1,011 |
| 11 | Connecticut | $54,999 | $36,000 | 3,588,184 | 346 |
| 12 | Pennsylvania | $54,105 | $35,000 | 12,805,537 | 1,169 |
| 13 | Missouri | $52,052 | $35,000 | 6,113,532 | 637 |
| 14 | Minnesota | $49,272 | $36,000 | 5,576,606 | 818 |
| 15 | Wisconsin | $48,722 | $34,000 | 5,795,483 | 660 |
| 16 | New Jersey | $53,245 | $34,000 | 9,005,644 | 918 |
| 17 | North Dakota | $46,365 | $35,000 | 755,393 | 133 |
| 18 | Texas | $50,432 | $32,000 | 28,304,596 | 2,137 |
| 19 | Wyoming | $49,929 | $36,000 | 579,315 | 31 |
| 20 | Virginia | $48,823 | $31,000 | 8,470,020 | 1,332 |
| 21 | Michigan | $49,778 | $34,000 | 9,962,311 | 736 |
| 22 | Iowa | $45,896 | $32,000 | 3,145,711 | 476 |
| 23 | Nevada | $45,459 | $30,000 | 2,998,039 | 338 |
| 24 | Kansas | $48,314 | $33,000 | 2,913,123 | 311 |
| 25 | Oklahoma | $46,604 | $31,000 | 3,930,864 | 350 |
| 26 | Ohio | $48,150 | $32,000 | 11,658,609 | 1,019 |
| 27 | West Virginia | $46,076 | $30,000 | 1,815,857 | 161 |
| 28 | New Hampshire | $49,350 | $33,000 | 1,342,795 | 168 |
| 29 | Georgia | $43,774 | $28,000 | 10,429,379 | 1,348 |
| 30 | Montana | $48,210 | $36,000 | 1,050,493 | 47 |
| 31 | Hawaii | $52,428 | $43,000 | 1,427,538 | 41 |
| 32 | Indiana | $44,693 | $30,000 | 6,666,818 | 702 |
| 33 | Washington | $44,655 | $33,000 | 7,405,743 | 857 |
| 34 | Oregon | $46,684 | $34,000 | 4,142,776 | 414 |
| 35 | District of Columbia | $50,917 | $33,000 | 693,972 | 27 |
| 36 | Florida | $47,043 | $29,000 | 20,984,400 | 761 |
| 37 | Illinois | $41,921 | $29,000 | 12,802,023 | 1,540 |
| 38 | Kentucky | $44,698 | $29,000 | 4,454,189 | 366 |
| 39 | Arizona | $39,004 | $26,000 | 7,016,270 | 1,036 |
| 40 | Colorado | $40,643 | $28,000 | 5,607,154 | 882 |
| 41 | Alabama | $38,385 | $24,000 | 4,874,747 | 560 |
| 42 | Nebraska | $41,574 | $29,000 | 1,920,076 | 250 |
| 43 | Louisiana | $42,912 | $27,000 | 4,684,333 | 321 |
| 44 | South Carolina | $41,025 | $26,000 | 5,024,369 | 497 |
| 45 | Mississippi | $37,680 | $24,000 | 2,984,100 | 308 |
| 46 | California | $46,587 | $31,000 | 39,536,653 | 960 |
| 47 | Idaho | $32,486 | $23,000 | 1,716,943 | 355 |
| 48 | Tennessee | $39,617 | $26,000 | 6,715,984 | 605 |
| 49 | Alaska | $38,104 | $33,000 | 739,795 | 32 |
| 50 | Delaware | $40,375 | $26,000 | 961,939 | 51 |
| 51 | Utah | $33,138 | $23,000 | 3,101,833 | 146 |
Highest paying states for loan officers
| Rank | State | Avg. Loan Officer Salary |
|---|---|---|
| 1 | New Mexico | $58,667 |
| 2 | Maine | $57,334 |
| 3 | Rhode Island | $54,195 |
| 4 | South Dakota | $56,776 |
| 5 | Arkansas | $57,632 |
| 6 | New York | $59,699 |
| 7 | North Carolina | $57,184 |
| 8 | Vermont | $52,792 |
| 9 | Maryland | $55,216 |
| 10 | Massachusetts | $54,687 |
| 11 | Connecticut | $54,999 |
| 12 | Pennsylvania | $54,105 |
| 13 | Missouri | $52,052 |
| 14 | Minnesota | $49,272 |
| 15 | Wisconsin | $48,722 |
| 16 | New Jersey | $53,245 |
| 17 | North Dakota | $46,365 |
| 18 | Texas | $50,432 |
| 19 | Wyoming | $49,929 |
| 20 | Virginia | $48,823 |
| 21 | Michigan | $49,778 |
| 22 | Iowa | $45,896 |
| 23 | Nevada | $45,459 |
| 24 | Kansas | $48,314 |
| 25 | Oklahoma | $46,604 |
| 26 | Ohio | $48,150 |
| 27 | West Virginia | $46,076 |
| 28 | New Hampshire | $49,350 |
| 29 | Georgia | $43,774 |
| 30 | Montana | $48,210 |
| 31 | Hawaii | $52,428 |
| 32 | Indiana | $44,693 |
| 33 | Washington | $44,655 |
| 34 | Oregon | $46,684 |
| 35 | District of Columbia | $50,917 |
| 36 | Florida | $47,043 |
| 37 | Illinois | $41,921 |
| 38 | Kentucky | $44,698 |
| 39 | Arizona | $39,004 |
| 40 | Colorado | $40,643 |
| 41 | Alabama | $38,385 |
| 42 | Nebraska | $41,574 |
| 43 | Louisiana | $42,912 |
| 44 | South Carolina | $41,025 |
| 45 | Mississippi | $37,680 |
| 46 | California | $46,587 |
| 47 | Idaho | $32,486 |
| 48 | Tennessee | $39,617 |
| 49 | Alaska | $38,104 |
| 50 | Delaware | $40,375 |
| 51 | Utah | $33,138 |
Loan officer best states FAQs
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Updated January 8, 2025