Loan Officer Projected Growth In The United States
Research Summary. After extensive research, interviews, and analysis, Zippia's data science team found that:
Salaries have increased 0% for loan officers in the last 5 years
Projected job growth for loan officers is 8% from 2018-2028
There are over 239,324 loan officers currently employed in the United States
There are 63,663 active loan officer job openings in the US based on job postings
The average salary for a loan officer is $45,817
Are Loan Officer Jobs In Demand?
Yes, loan officer jobs are in demand. The job market for analysts is projected to grow 8% from 2018 to 2028.
Loan Officer Job and Salary Trends Over Time
Compare the number of jobs and average salary for loan officers over time.
Loan Officer Jobs Over Time
Loan Officer Job Growth Over Time
| Year | # Of Jobs | % Of Population |
|---|---|---|
| 2012 | 200,705 | 0.06% |
| 2013 | 212,537 | 0.07% |
| 2014 | 211,644 | 0.07% |
| 2015 | 214,135 | 0.07% |
| 2016 | 216,143 | 0.07% |
Average Loan Officer Salary Over Time
Loan Officer Salary By Year
| Year | Avg. Salary | Hourly Rate | % Change |
|---|---|---|---|
| 2008 | $35,416 | $17.03 | - |
| 2009 | $37,078 | $17.83 | +4.7% |
| 2010 | $37,966 | $18.25 | +2.4% |
| 2011 | $39,184 | $18.84 | +3.2% |
| 2012 | $39,313 | $18.90 | +0.3% |
Number Of Loan Officers By State
Mouse over a state to see the number of active loan officer jobs in each state. The darker areas on the map show where loan officers earn the highest salaries across all 50 states.
Average Salary: Job Openings:
Most Common States For Loan Officers
| Rank | State | Population | # of Jobs | Employment/ 1000ppl |
|---|---|---|---|---|
| 1 | Idaho | 1,716,943 | 355 | 21% |
| 2 | North Dakota | 755,393 | 133 | 18% |
| 3 | Virginia | 8,470,020 | 1332 | 16% |
| 4 | Colorado | 5,607,154 | 882 | 16% |
| 5 | Rhode Island | 1,059,639 | 169 | 16% |
| 6 | Arizona | 7,016,270 | 1036 | 15% |
| 7 | Massachusetts | 6,859,819 | 1011 | 15% |
| 8 | Minnesota | 5,576,606 | 818 | 15% |
| 9 | Iowa | 3,145,711 | 476 | 15% |
| 10 | Vermont | 623,657 | 96 | 15% |
| 11 | South Dakota | 869,666 | 124 | 14% |
| 12 | Georgia | 10,429,379 | 1348 | 13% |
| 13 | Maryland | 6,052,177 | 761 | 13% |
| 14 | Nebraska | 1,920,076 | 250 | 13% |
| 15 | New Hampshire | 1,342,795 | 168 | 13% |
| 16 | Illinois | 12,802,023 | 1540 | 12% |
| 17 | Washington | 7,405,743 | 857 | 12% |
| 18 | Maine | 1,335,907 | 155 | 12% |
| 19 | Wisconsin | 5,795,483 | 660 | 11% |
| 20 | New Mexico | 2,088,070 | 227 | 11% |
Most Common Cities For Loan Officers In The US
| Rank | City | # of Jobs | Employment/ 1000ppl | Avg. Salary |
|---|---|---|---|---|
| 1 | Sarasota | 4 | 7% | $47,329 |
| 2 | Ann Arbor | 5 | 4% | $49,635 |
| 3 | Portland | 3 | 4% | $57,825 |
| 4 | Boca Raton | 3 | 3% | $47,443 |
| 5 | Tampa | 6 | 2% | $47,064 |
| 6 | Fort Lauderdale | 4 | 2% | $47,561 |
| 7 | Corona | 3 | 2% | $46,213 |
| 8 | Amherst | 2 | 2% | $57,525 |
| 9 | Centennial | 2 | 2% | $40,606 |
| 10 | Atlanta | 7 | 1% | $43,808 |
| 11 | Detroit | 6 | 1% | $50,011 |
| 12 | Baltimore | 5 | 1% | $55,533 |
| 13 | Denver | 5 | 1% | $40,591 |
| 14 | Miami | 5 | 1% | $47,733 |
| 15 | Orlando | 4 | 1% | $46,714 |
| 16 | Birmingham | 2 | 1% | $38,322 |
| 17 | Cape Coral | 2 | 1% | $47,548 |
| 18 | Chicago | 4 | 0% | $41,977 |
| 19 | San Diego | 4 | 0% | $45,815 |