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Best states for a loan processor
- Rank 1 - 10
- 11 - 20
- 21 - 30
- 31 - 40
- 41 - 51
We decided to bring you a list of the best states for jobs for loan processors in the United States. Loan processor positions are available in every state, but not all states are the same. Some states do not offer the same wages, benefits, time off, etc for loan processors.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 processor jobs.
To that end, we dove into our dataset of job and salary numbers to figure out which states have the best opportunities for loan processors. Nevada is the best state for loan processors, where the median salary is $43,285.We found that the Midwest is best for loan processors, and the West is the worst. San Francisco, CA is the best city in the country for loan processor jobs, where as Nevada is the best state in the country.
10 best states for loan processors in 2025
1. Nevada
Total loan processor jobs: 127 Average annual salary: $43,285 Lowest 10 percent earn: $30,000 Highest 10 percent earn: $60,000 Location Quotient: 1.51
2. Arizona
Total loan processor jobs: 424 Average annual salary: $42,587 Lowest 10 percent earn: $30,000 Highest 10 percent earn: $59,000 Location Quotient: 1.81
3. New Jersey
Total loan processor jobs: 370 Average annual salary: $44,973 Lowest 10 percent earn: $32,000 Highest 10 percent earn: $63,000 Location Quotient: 1.16
4. Rhode Island
Total loan processor jobs: 69 Average annual salary: $40,339 Lowest 10 percent earn: $30,000 Highest 10 percent earn: $54,000 Location Quotient: 1.41
5. West Virginia
Total loan processor jobs: 38 Average annual salary: $49,167 Lowest 10 percent earn: $34,000 Highest 10 percent earn: $69,000 Location Quotient: 0.62
6. California
Total loan processor jobs: 1,147 Average annual salary: $45,801 Lowest 10 percent earn: $32,000 Highest 10 percent earn: $64,000 Location Quotient: 0.98
7. Colorado
Total loan processor jobs: 281 Average annual salary: $41,024 Lowest 10 percent earn: $30,000 Highest 10 percent earn: $55,000 Location Quotient: 1.18
8. Texas
Total loan processor jobs: 848 Average annual salary: $39,380 Lowest 10 percent earn: $28,000 Highest 10 percent earn: $55,000 Location Quotient: 1.04
9. Washington
Total loan processor jobs: 263 Average annual salary: $42,613 Lowest 10 percent earn: $32,000 Highest 10 percent earn: $56,000 Location Quotient: 0.9
10. North Carolina
Total loan processor jobs: 319 Average annual salary: $41,179 Lowest 10 percent earn: $29,000 Highest 10 percent earn: $57,000 Location Quotient: 0.83
Loan processor jobsNear Columbus, OH
How Zippia determines the best states to be a loan processor
You can read about how the best state rankings are calculated here.
Detailed list of the best states for a loan processor
| Rank | State | Average salary | Lowest 10% earn | Population | Job count |
|---|---|---|---|---|---|
| 1 | Nevada | $43,285 | $30,000 | 2,998,039 | 127 |
| 2 | Arizona | $42,587 | $30,000 | 7,016,270 | 424 |
| 3 | New Jersey | $44,973 | $32,000 | 9,005,644 | 370 |
| 4 | Rhode Island | $40,339 | $30,000 | 1,059,639 | 69 |
| 5 | West Virginia | $49,167 | $34,000 | 1,815,857 | 38 |
| 6 | California | $45,801 | $32,000 | 39,536,653 | 1,147 |
| 7 | Colorado | $41,024 | $30,000 | 5,607,154 | 281 |
| 8 | Texas | $39,380 | $28,000 | 28,304,596 | 848 |
| 9 | Washington | $42,613 | $32,000 | 7,405,743 | 263 |
| 10 | North Carolina | $41,179 | $29,000 | 10,273,419 | 319 |
| 11 | Maryland | $44,665 | $31,000 | 6,052,177 | 227 |
| 12 | North Dakota | $37,406 | $28,000 | 755,393 | 45 |
| 13 | Michigan | $37,290 | $26,000 | 9,962,311 | 363 |
| 14 | New York | $44,592 | $31,000 | 19,849,399 | 323 |
| 15 | Oregon | $41,418 | $30,000 | 4,142,776 | 135 |
| 16 | Indiana | $37,397 | $27,000 | 6,666,818 | 246 |
| 17 | Virginia | $42,389 | $29,000 | 8,470,020 | 288 |
| 18 | Alaska | $39,719 | $32,000 | 739,795 | 38 |
| 19 | Hawaii | $41,693 | $33,000 | 1,427,538 | 38 |
| 20 | Pennsylvania | $37,753 | $26,000 | 12,805,537 | 411 |
| 21 | Kansas | $37,402 | $27,000 | 2,913,123 | 117 |
| 22 | Oklahoma | $38,199 | $27,000 | 3,930,864 | 75 |
| 23 | Minnesota | $36,863 | $27,000 | 5,576,606 | 428 |
| 24 | Tennessee | $36,028 | $26,000 | 6,715,984 | 236 |
| 25 | Alabama | $36,939 | $26,000 | 4,874,747 | 172 |
| 26 | Florida | $36,745 | $26,000 | 20,984,400 | 899 |
| 27 | Vermont | $38,600 | $30,000 | 623,657 | 28 |
| 28 | Mississippi | $36,284 | $26,000 | 2,984,100 | 83 |
| 29 | New Mexico | $37,709 | $27,000 | 2,088,070 | 57 |
| 30 | Idaho | $37,251 | $27,000 | 1,716,943 | 63 |
| 31 | Utah | $35,841 | $26,000 | 3,101,833 | 167 |
| 32 | Connecticut | $40,104 | $29,000 | 3,588,184 | 89 |
| 33 | Illinois | $37,143 | $27,000 | 12,802,023 | 498 |
| 34 | Ohio | $35,100 | $24,000 | 11,658,609 | 452 |
| 35 | Massachusetts | $39,795 | $29,000 | 6,859,819 | 218 |
| 36 | Delaware | $36,226 | $25,000 | 961,939 | 56 |
| 37 | Wyoming | $35,419 | $26,000 | 579,315 | 24 |
| 38 | New Hampshire | $37,633 | $28,000 | 1,342,795 | 32 |
| 39 | Wisconsin | $35,853 | $26,000 | 5,795,483 | 172 |
| 40 | South Dakota | $34,220 | $25,000 | 869,666 | 48 |
| 41 | Missouri | $34,828 | $25,000 | 6,113,532 | 303 |
| 42 | Georgia | $35,813 | $26,000 | 10,429,379 | 347 |
| 43 | Montana | $34,553 | $26,000 | 1,050,493 | 49 |
| 44 | Louisiana | $36,118 | $25,000 | 4,684,333 | 88 |
| 45 | Maine | $32,752 | $25,000 | 1,335,907 | 76 |
| 46 | Kentucky | $34,187 | $24,000 | 4,454,189 | 156 |
| 47 | South Carolina | $34,968 | $25,000 | 5,024,369 | 156 |
| 48 | Nebraska | $33,931 | $25,000 | 1,920,076 | 88 |
| 49 | Iowa | $32,920 | $24,000 | 3,145,711 | 160 |
| 50 | Arkansas | $34,172 | $24,000 | 3,004,279 | 89 |
| 51 | District of Columbia | $33,178 | $23,000 | 693,972 | 36 |
Highest paying states for loan processors
| Rank | State | Avg. Loan Processor Salary |
|---|---|---|
| 1 | Nevada | $43,285 |
| 2 | Arizona | $42,587 |
| 3 | New Jersey | $44,973 |
| 4 | Rhode Island | $40,339 |
| 5 | West Virginia | $49,167 |
| 6 | California | $45,801 |
| 7 | Colorado | $41,024 |
| 8 | Texas | $39,380 |
| 9 | Washington | $42,613 |
| 10 | North Carolina | $41,179 |
| 11 | Maryland | $44,665 |
| 12 | North Dakota | $37,406 |
| 13 | Michigan | $37,290 |
| 14 | New York | $44,592 |
| 15 | Oregon | $41,418 |
| 16 | Indiana | $37,397 |
| 17 | Virginia | $42,389 |
| 18 | Alaska | $39,719 |
| 19 | Hawaii | $41,693 |
| 20 | Pennsylvania | $37,753 |
| 21 | Kansas | $37,402 |
| 22 | Oklahoma | $38,199 |
| 23 | Minnesota | $36,863 |
| 24 | Tennessee | $36,028 |
| 25 | Alabama | $36,939 |
| 26 | Florida | $36,745 |
| 27 | Vermont | $38,600 |
| 28 | Mississippi | $36,284 |
| 29 | New Mexico | $37,709 |
| 30 | Idaho | $37,251 |
| 31 | Utah | $35,841 |
| 32 | Connecticut | $40,104 |
| 33 | Illinois | $37,143 |
| 34 | Ohio | $35,100 |
| 35 | Massachusetts | $39,795 |
| 36 | Delaware | $36,226 |
| 37 | Wyoming | $35,419 |
| 38 | New Hampshire | $37,633 |
| 39 | Wisconsin | $35,853 |
| 40 | South Dakota | $34,220 |
| 41 | Missouri | $34,828 |
| 42 | Georgia | $35,813 |
| 43 | Montana | $34,553 |
| 44 | Louisiana | $36,118 |
| 45 | Maine | $32,752 |
| 46 | Kentucky | $34,187 |
| 47 | South Carolina | $34,968 |
| 48 | Nebraska | $33,931 |
| 49 | Iowa | $32,920 |
| 50 | Arkansas | $34,172 |
| 51 | District of Columbia | $33,178 |
Loan processor best states FAQs
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Updated January 8, 2025