Best States For a Loan Officer
- Rank 1 - 10
- 11 - 20
- 21 - 30
- 31 - 40
- 41 - 51
Here Are the Best States for Loan Officers In 2023:
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 Ashburn, VA
11. Connecticut
Total Loan Officer Jobs: | 346 |
| Average Annual Salary: | $54,999 |
| Lowest 10 Percent Earn: | $36,000 |
| Highest 10 Percent Earn: | $82,000 |
| Location Quotient: | 1.03 |
12. Pennsylvania
Total Loan Officer Jobs: | 1,169 |
| Average Annual Salary: | $54,105 |
| Lowest 10 Percent Earn: | $35,000 |
| Highest 10 Percent Earn: | $82,000 |
| Location Quotient: | 0.99 |
13. Missouri
Total Loan Officer Jobs: | 637 |
| Average Annual Salary: | $52,052 |
| Lowest 10 Percent Earn: | $35,000 |
| Highest 10 Percent Earn: | $75,000 |
| Location Quotient: | 1.07 |
14. Minnesota
Total Loan Officer Jobs: | 818 |
| Average Annual Salary: | $49,272 |
| Lowest 10 Percent Earn: | $36,000 |
| Highest 10 Percent Earn: | $66,000 |
| Location Quotient: | 1.21 |
15. Wisconsin
Total Loan Officer Jobs: | 660 |
| Average Annual Salary: | $48,722 |
| Lowest 10 Percent Earn: | $34,000 |
| Highest 10 Percent Earn: | $68,000 |
| Location Quotient: | 1.17 |
16. New Jersey
Total Loan Officer Jobs: | 918 |
| Average Annual Salary: | $53,245 |
| Lowest 10 Percent Earn: | $34,000 |
| Highest 10 Percent Earn: | $81,000 |
| Location Quotient: | 1.14 |
17. North Dakota
Total Loan Officer Jobs: | 133 |
| Average Annual Salary: | $46,365 |
| Lowest 10 Percent Earn: | $35,000 |
| Highest 10 Percent Earn: | $61,000 |
| Location Quotient: | 1.41 |
18. Texas
Total Loan Officer Jobs: | 2,137 |
| Average Annual Salary: | $50,432 |
| Lowest 10 Percent Earn: | $32,000 |
| Highest 10 Percent Earn: | $77,000 |
| Location Quotient: | 1.04 |
19. Wyoming
Total Loan Officer Jobs: | 31 |
| Average Annual Salary: | $49,929 |
| Lowest 10 Percent Earn: | $36,000 |
| Highest 10 Percent Earn: | $68,000 |
| Location Quotient: | 0.51 |
20. Virginia
Total Loan Officer Jobs: | 1,332 |
| Average Annual Salary: | $48,823 |
| Lowest 10 Percent Earn: | $31,000 |
| Highest 10 Percent Earn: | $75,000 |
| Location Quotient: | 1.39 |
Loan Officer Jobs In The Top 10 States
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21. Michigan
Total Loan Officer Jobs: | 736 |
| Average Annual Salary: | $49,778 |
| Lowest 10 Percent Earn: | $34,000 |
| Highest 10 Percent Earn: | $71,000 |
| Location Quotient: | 0.93 |
22. Iowa
Total Loan Officer Jobs: | 476 |
| Average Annual Salary: | $45,896 |
| Lowest 10 Percent Earn: | $32,000 |
| Highest 10 Percent Earn: | $64,000 |
| Location Quotient: | 1.29 |
23. Nevada
Total Loan Officer Jobs: | 338 |
| Average Annual Salary: | $45,459 |
| Lowest 10 Percent Earn: | $30,000 |
| Highest 10 Percent Earn: | $67,000 |
| Location Quotient: | 1.59 |
24. Kansas
Total Loan Officer Jobs: | 311 |
| Average Annual Salary: | $48,314 |
| Lowest 10 Percent Earn: | $33,000 |
| Highest 10 Percent Earn: | $69,000 |
| Location Quotient: | 1.01 |
25. Oklahoma
Total Loan Officer Jobs: | 350 |
| Average Annual Salary: | $46,604 |
| Lowest 10 Percent Earn: | $31,000 |
| Highest 10 Percent Earn: | $69,000 |
| Location Quotient: | 1.12 |
26. Ohio
Total Loan Officer Jobs: | 1,019 |
| Average Annual Salary: | $48,150 |
| Lowest 10 Percent Earn: | $32,000 |
| Highest 10 Percent Earn: | $71,000 |
| Location Quotient: | 0.98 |
27. West Virginia
Total Loan Officer Jobs: | 161 |
| Average Annual Salary: | $46,076 |
| Lowest 10 Percent Earn: | $30,000 |
| Highest 10 Percent Earn: | $69,000 |
| Location Quotient: | 1.04 |
28. New Hampshire
Total Loan Officer Jobs: | 168 |
| Average Annual Salary: | $49,350 |
| Lowest 10 Percent Earn: | $33,000 |
| Highest 10 Percent Earn: | $72,000 |
| Location Quotient: | 0.94 |
29. Georgia
Total Loan Officer Jobs: | 1,348 |
| Average Annual Salary: | $43,774 |
| Lowest 10 Percent Earn: | $28,000 |
| Highest 10 Percent Earn: | $67,000 |
| Location Quotient: | 1.28 |
30. Montana
Total Loan Officer Jobs: | 47 |
| Average Annual Salary: | $48,210 |
| Lowest 10 Percent Earn: | $36,000 |
| Highest 10 Percent Earn: | $63,000 |
| Location Quotient: | 0.4 |
31. Hawaii
Total Loan Officer Jobs: | 41 |
| Average Annual Salary: | $52,428 |
| Lowest 10 Percent Earn: | $43,000 |
| Highest 10 Percent Earn: | $63,000 |
| Location Quotient: | 0.48 |
32. Indiana
Total Loan Officer Jobs: | 702 |
| Average Annual Salary: | $44,693 |
| Lowest 10 Percent Earn: | $30,000 |
| Highest 10 Percent Earn: | $65,000 |
| Location Quotient: | 1.05 |
33. Washington
Total Loan Officer Jobs: | 857 |
| Average Annual Salary: | $44,655 |
| Lowest 10 Percent Earn: | $33,000 |
| Highest 10 Percent Earn: | $58,000 |
| Location Quotient: | 1.15 |
34. Oregon
Total Loan Officer Jobs: | 414 |
| Average Annual Salary: | $46,684 |
| Lowest 10 Percent Earn: | $34,000 |
| Highest 10 Percent Earn: | $63,000 |
| Location Quotient: | 0.98 |
35. District of Columbia
Total Loan Officer Jobs: | 27 |
| Average Annual Salary: | $50,917 |
| Lowest 10 Percent Earn: | $33,000 |
| Highest 10 Percent Earn: | $77,000 |
| Location Quotient: | 0.16 |
36. Florida
Total Loan Officer Jobs: | 761 |
| Average Annual Salary: | $47,043 |
| Lowest 10 Percent Earn: | $29,000 |
| Highest 10 Percent Earn: | $74,000 |
| Location Quotient: | 0.48 |
37. Illinois
Total Loan Officer Jobs: | 1,540 |
| Average Annual Salary: | $41,921 |
| Lowest 10 Percent Earn: | $29,000 |
| Highest 10 Percent Earn: | $59,000 |
| Location Quotient: | 1.27 |
38. Kentucky
Total Loan Officer Jobs: | 366 |
| Average Annual Salary: | $44,698 |
| Lowest 10 Percent Earn: | $29,000 |
| Highest 10 Percent Earn: | $66,000 |
| Location Quotient: | 0.98 |
39. Arizona
Total Loan Officer Jobs: | 1,036 |
| Average Annual Salary: | $39,004 |
| Lowest 10 Percent Earn: | $26,000 |
| Highest 10 Percent Earn: | $58,000 |
| Location Quotient: | 1.74 |
40. Colorado
Total Loan Officer Jobs: | 882 |
| Average Annual Salary: | $40,643 |
| Lowest 10 Percent Earn: | $28,000 |
| Highest 10 Percent Earn: | $57,000 |
| Location Quotient: | 1.46 |
41. Alabama
Total Loan Officer Jobs: | 560 |
| Average Annual Salary: | $38,385 |
| Lowest 10 Percent Earn: | $24,000 |
| Highest 10 Percent Earn: | $59,000 |
| Location Quotient: | 1.25 |
42. Nebraska
Total Loan Officer Jobs: | 250 |
| Average Annual Salary: | $41,574 |
| Lowest 10 Percent Earn: | $29,000 |
| Highest 10 Percent Earn: | $58,000 |
| Location Quotient: | 1.1 |
43. Louisiana
Total Loan Officer Jobs: | 321 |
| Average Annual Salary: | $42,912 |
| Lowest 10 Percent Earn: | $27,000 |
| Highest 10 Percent Earn: | $66,000 |
| Location Quotient: | 0.99 |
44. South Carolina
Total Loan Officer Jobs: | 497 |
| Average Annual Salary: | $41,025 |
| Lowest 10 Percent Earn: | $26,000 |
| Highest 10 Percent Earn: | $63,000 |
| Location Quotient: | 1.09 |
45. Mississippi
Total Loan Officer Jobs: | 308 |
| Average Annual Salary: | $37,680 |
| Lowest 10 Percent Earn: | $24,000 |
| Highest 10 Percent Earn: | $57,000 |
| Location Quotient: | 1.43 |
46. California
Total Loan Officer Jobs: | 960 |
| Average Annual Salary: | $46,587 |
| Lowest 10 Percent Earn: | $31,000 |
| Highest 10 Percent Earn: | $69,000 |
| Location Quotient: | 0.32 |
47. Idaho
Total Loan Officer Jobs: | 355 |
| Average Annual Salary: | $32,486 |
| Lowest 10 Percent Earn: | $23,000 |
| Highest 10 Percent Earn: | $44,000 |
| Location Quotient: | 2.12 |
48. Tennessee
Total Loan Officer Jobs: | 605 |
| Average Annual Salary: | $39,617 |
| Lowest 10 Percent Earn: | $26,000 |
| Highest 10 Percent Earn: | $60,000 |
| Location Quotient: | 1.01 |
49. Alaska
Total Loan Officer Jobs: | 32 |
| Average Annual Salary: | $38,104 |
| Lowest 10 Percent Earn: | $33,000 |
| Highest 10 Percent Earn: | $43,000 |
| Location Quotient: | 0.38 |
50. Delaware
Total Loan Officer Jobs: | 51 |
| Average Annual Salary: | $40,375 |
| Lowest 10 Percent Earn: | $26,000 |
| Highest 10 Percent Earn: | $61,000 |
| Location Quotient: | 0.4 |
51. Utah
Total Loan Officer Jobs: | 146 |
| Average Annual Salary: | $33,138 |
| Lowest 10 Percent Earn: | $23,000 |
| Highest 10 Percent Earn: | $46,000 |
| Location Quotient: | 0.45 |
The 10 Best States In The US For Loan Officers in 2022
How We Determined 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 |
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