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Best States For A Loan Processor

Rank:

Average Salary:

We decided to bring you a list of the best states for jobs for Loan Processors, considering how big the profession is in the United States.

Loan Processor positions are available in every area, but not all places are the same -- they do not offer the same wages, benefits, time off, etc.

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. Alaska is the best state for Loan Processors -- the median salary for Loan Processors in Alaska is $63,375.

The bottom 10% level pay for Loan Processors is $28,000.

The median pay hovers around $50,965.

The 10 Best States In America For Loan Processors in 2020

  1. Alaska
  2. Florida
  3. Rhode Island
  4. Connecticut
  5. New Jersey
  6. New York
  7. South Carolina
  8. District of Columbia
  9. North Carolina
  10. Oregon
  • (12 jobs)
  • (386 jobs)
  • (25 jobs)
  • (58 jobs)
  • (170 jobs)
  • (246 jobs)
  • (96 jobs)
  • (10 jobs)
  • (154 jobs)
  • (79 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 Processors, to help you with your next career move.

We also have the current list of job openings for Loan Processors available below.

Check out the list of best states for Loan Processors below.

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

The 10 Best States For Loan Processors In 2020

1. Alaska

Total Loan Processor Jobs: Average Annual Salary: Lowest 10 Percent Earn: Highest 10 Percent Earn: Location Quotient:
12 $63,375 $36,000 $109,000 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 Processor Jobs in Alaska

2. Florida

Total Loan Processor Jobs: Average Annual Salary: Lowest 10 Percent Earn: Highest 10 Percent Earn: Location Quotient:
386 $57,322 $30,000 $108,000 1.42
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 Processor Jobs in Florida

3. Rhode Island

Total Loan Processor Jobs: Average Annual Salary: Lowest 10 Percent Earn: Highest 10 Percent Earn: Location Quotient:
25 $55,780 $31,000 $99,000 1.3
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 Processor Jobs in Rhode Island

4. Connecticut

Total Loan Processor Jobs: Average Annual Salary: Lowest 10 Percent Earn: Highest 10 Percent Earn: Location Quotient:
58 $63,738 $36,000 $112,000 0.84
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 Processor Jobs in Connecticut

5. New Jersey

Total Loan Processor Jobs: Average Annual Salary: Lowest 10 Percent Earn: Highest 10 Percent Earn: Location Quotient:
170 $61,378 $35,000 $105,000 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 Processor Jobs in New Jersey

6. New York

Total Loan Processor Jobs: Average Annual Salary: Lowest 10 Percent Earn: Highest 10 Percent Earn: Location Quotient:
246 $62,360 $35,000 $108,000 0.86
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 Processor Jobs in New York

7. South Carolina

Total Loan Processor Jobs: Average Annual Salary: Lowest 10 Percent Earn: Highest 10 Percent Earn: Location Quotient:
96 $52,769 $28,000 $99,000 1.34
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 Processor Jobs in South Carolina

8. District of Columbia

Total Loan Processor Jobs: Average Annual Salary: Lowest 10 Percent Earn: Highest 10 Percent Earn: Location Quotient:
10 $73,138 $42,000 $124,000 0.23
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 Processor Jobs in District of Columbia

9. North Carolina

Total Loan Processor Jobs: Average Annual Salary: Lowest 10 Percent Earn: Highest 10 Percent Earn: Location Quotient:
154 $56,741 $30,000 $104,000 0.88
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 Processor Jobs in North Carolina

10. Oregon

Total Loan Processor Jobs: Average Annual Salary: Lowest 10 Percent Earn: Highest 10 Percent Earn: Location Quotient:
79 $54,839 $26,000 $113,000 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 Processor Jobs in Oregon

How We Determined 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
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