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Best states for a Loan Officer

Rank:

Average Salary:

Are you wondering which place in the United States is the best state for Loan Officers?

Knowing how challenging it is to figure out where to start your career or where to move to advance your career, we decided to bring you a list of best states for Loan Officer jobs.

Our research found that Maryland is the best state for Loan Officers, while Virginia and Maryland are ranked highest in terms of median salary.

Maryland has a median salary of $60,000 and Virginia has the highest median salary among all 50 states for Loan Officers.

In order to get you the best states for Loan Officers, we looked at our data on jobs and wages -- specifically the average annual wage and the number of available jobs per capita.

We found that Maryland is the best state for Loan Officer jobs, whereas New Mexico is the worst.

The 10 Best States in America For Loan Officers in 2019

  1. Maryland
  2. Nebraska
  3. Minnesota
  4. Florida
  5. North Dakota
  6. Virginia
  7. Kansas
  8. Ohio
  9. New Jersey
  10. New Hampshire
  • (152 jobs)
  • (34 jobs)
  • (156 jobs)
  • (424 jobs)
  • (22 jobs)
  • (158 jobs)
  • (53 jobs)
  • (270 jobs)
  • (202 jobs)
  • (15 jobs)

The Bureau of Labor Statistics' most recent data helped us determine the ranking.

We ranked each of the 50 states from best to worst for Loan Officers, to help you with your next career move.

Below is the list of best cities for Loan Officer jobs ranked from 1 to 50.

If you're interested, you can read more about the job scene here:

The 10 Best States For Loan Officers in 2019

1. Maryland

Total Loan Officer Jobs: Average Annual Salary: Lowest 10 Percent Earn: Highest 10 Percent Earn: Location Quotient:
152 $60,001 $44,000 $80,000 1.13
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Loan Officer Jobs in Maryland

2. Nebraska

Total Loan Officer Jobs: Average Annual Salary: Lowest 10 Percent Earn: Highest 10 Percent Earn: Location Quotient:
34 $53,325 $35,000 $80,000 1.08
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Loan Officer Jobs in Nebraska

3. Minnesota

Total Loan Officer Jobs: Average Annual Salary: Lowest 10 Percent Earn: Highest 10 Percent Earn: Location Quotient:
156 $50,767 $33,000 $76,000 1.21
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Loan Officer Jobs in Minnesota

4. Florida

Total Loan Officer Jobs: Average Annual Salary: Lowest 10 Percent Earn: Highest 10 Percent Earn: Location Quotient:
424 $47,774 $31,000 $72,000 1.48
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Loan Officer Jobs in Florida

5. North Dakota

Total Loan Officer Jobs: Average Annual Salary: Lowest 10 Percent Earn: Highest 10 Percent Earn: Location Quotient:
22 $47,441 $31,000 $71,000 1.32
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Loan Officer Jobs in North Dakota

6. Virginia

Total Loan Officer Jobs: Average Annual Salary: Lowest 10 Percent Earn: Highest 10 Percent Earn: Location Quotient:
158 $62,649 $47,000 $83,000 0.69
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Loan Officer Jobs in Virginia

7. Kansas

Total Loan Officer Jobs: Average Annual Salary: Lowest 10 Percent Earn: Highest 10 Percent Earn: Location Quotient:
53 $50,233 $33,000 $75,000 1.01
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Loan Officer Jobs in Kansas

8. Ohio

Total Loan Officer Jobs: Average Annual Salary: Lowest 10 Percent Earn: Highest 10 Percent Earn: Location Quotient:
270 $45,475 $30,000 $68,000 1.29
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Loan Officer Jobs in Ohio

9. New Jersey

Total Loan Officer Jobs: Average Annual Salary: Lowest 10 Percent Earn: Highest 10 Percent Earn: Location Quotient:
202 $51,909 $40,000 $67,000 1.15
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Loan Officer Jobs in New Jersey

10. New Hampshire

Total Loan Officer Jobs: Average Annual Salary: Lowest 10 Percent Earn: Highest 10 Percent Earn: Location Quotient:
15 $53,712 $35,000 $81,000 0.42
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Loan Officer Jobs in New Hampshire

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
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