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Job outlook for loan specialists in the United States
Loan specialist job growth summary. After extensive research, interviews, and analysis, Zippia's data science team found that:
The projected loan specialist job growth rate is -3% from 2018-2028.
About -38,500 new jobs for loan specialists are projected over the next decade.
Loan specialist salaries have increased 7% for loan specialists in the last 5 years.
There are over 161,094 loan specialists currently employed in the United States.
There are 29,041 active loan specialist job openings in the US.
The average loan specialist salary is $43,081.
Are loan specialist jobs in demand?
Yes, loan specialist jobs are in demand. Loan specialist demand is projected to grow -3% from 2018 to 2028.
Loan specialist job and salary trends over time
Compare the number of loan specialist jobs and the average loan specialist salary over time.
Loan specialist jobs over time
Loan specialist job growth rate over time
| Year | # of jobs | % of population |
|---|---|---|
| 2021 | 161,094 | 0.05% |
| 2020 | 138,213 | 0.04% |
| 2019 | 141,047 | 0.04% |
| 2018 | 150,005 | 0.05% |
| 2017 | 153,144 | 0.05% |
Average loan specialist salary over time
Loan specialist salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $43,081 | $20.71 | +1.8% |
| 2024 | $42,321 | $20.35 | +1.9% |
| 2023 | $41,540 | $19.97 | +2.1% |
| 2022 | $40,676 | $19.56 | +1.1% |
| 2021 | $40,228 | $19.34 | +2.4% |
Loan specialist jobs by state
The map below shows you the number of loan specialist job openings in each state. The darker areas on the map show where loan specialists earn the highest salaries across all 50 states.
Average salary: Job openings:
Most common states for loan specialists
| Rank | State | Population | # of jobs | Employment/ 1000ppl |
|---|---|---|---|---|
| 1 | District of Columbia | 693,972 | 88 | 13% |
| 2 | Delaware | 961,939 | 106 | 11% |
| 3 | Iowa | 3,145,711 | 302 | 10% |
| 4 | Wyoming | 579,315 | 60 | 10% |
| 5 | Arizona | 7,016,270 | 599 | 9% |
| 6 | Alaska | 739,795 | 70 | 9% |
| 7 | North Dakota | 755,393 | 67 | 9% |
| 8 | Colorado | 5,607,154 | 428 | 8% |
| 9 | Utah | 3,101,833 | 240 | 8% |
| 10 | Rhode Island | 1,059,639 | 82 | 8% |
| 11 | South Dakota | 869,666 | 69 | 8% |
| 12 | Vermont | 623,657 | 49 | 8% |
| 13 | Florida | 20,984,400 | 1,380 | 7% |
| 14 | Minnesota | 5,576,606 | 409 | 7% |
| 15 | Nebraska | 1,920,076 | 135 | 7% |
| 16 | Montana | 1,050,493 | 78 | 7% |
| 17 | North Carolina | 10,273,419 | 593 | 6% |
| 18 | Maryland | 6,052,177 | 377 | 6% |
| 19 | Wisconsin | 5,795,483 | 339 | 6% |
| 20 | Arkansas | 3,004,279 | 180 | 6% |
Most common cities for loan specialists
| Rank | City | # of jobs | Employment/ 1000ppl | Avg. salary |
|---|---|---|---|---|
| 1 | Newark | 2 | 6% | $49,525 |
| 2 | Alabaster | 1 | 3% | $37,241 |
| 3 | Annapolis | 1 | 3% | $58,870 |
| 4 | Springfield | 2 | 2% | $36,370 |
| 5 | Altamonte Springs | 1 | 2% | $38,218 |
| 6 | Anderson | 1 | 2% | $42,689 |
| 7 | Atlanta | 3 | 1% | $32,297 |
| 8 | Montgomery | 2 | 1% | $37,057 |
| 9 | Richmond | 2 | 1% | $47,337 |
| 10 | Salt Lake City | 2 | 1% | $32,287 |
| 11 | Phoenix | 5 | 0% | $37,228 |
| 12 | Indianapolis | 4 | 0% | $42,313 |
| 13 | Washington | 3 | 0% | $39,098 |
| 14 | Baton Rouge | 1 | 0% | $34,768 |
| 15 | Birmingham | 1 | 0% | $37,411 |
| 16 | Boston | 1 | 0% | $48,696 |