How much does a trust officer make?

The average trust officer salary in the United States is $61,493. Trust officer salaries typically range between $30,000 and $121,000 yearly. The average hourly rate for trust officers is $29.56 per hour. Trust officer salary is impacted by location, education, and experience. Trust officers earn the highest average salary in Connecticut.

Trust officer salary

Q: What state pays Trust Officers the most?

Connecticut pays Trust Officers the most in the United States, with an average salary of $92,569 per year, or $44.50 per hour.

Q: How do I know if I'm being paid fairly as a trust officer?

You know if you are being paid fairly as a trust officer if your pay is close to the average pay for the state you live in. For example, if you live in Alaska you should be paid close to $92,304 per year.

Average trust officer salary

$61,493

$29.56 hourly rate

Entry-level trust officer salary

$30,000 yearly salary

Updated January 8, 2025

Average Trust Officer Salary

The average salary for a Trust Officer is approximately $61,493 per year. This figure can vary based on several factors such as location, experience, and specific job responsibilities. In general, Trust Officers are responsible for managing trust funds and ensuring compliance with legal regulations, which can be a rewarding career path.

Factors Affecting Salary

Experience plays a significant role in salary potential. Entry-level Trust Officers may earn less, while those with extensive experience can command much higher salaries. Trust Officers in high-demand states or urban areas often see higher compensation due to the cost of living and demand for financial services.

Highest Paying States

Some of the highest-paying states for Trust Officers include California, New York, and Texas. Each state's economic environment and the concentration of financial institutions contribute to salary differences. To maximize earnings, consider positions in larger cities where financial services are more prominent.

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Trust officer salary by:

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Where can a Trust Officer earn more?

Compare salary by location

117k

97k

77k

57k

37k

17k

Columbus, OH$93,247

Saint Louis, MO$47,327

Compare salary by company

153k

133k

113k

93k

73k

53k

33k

Neuberger Berman$141,538

Leidos$62,810

Trust officer salaries by experience level

Experience level	Avg. salary	Hourly rate
Entry-level trust officer	$42,300	$20.33
Mid-level trust officer	$65,400	$31.46
Senior-level trust officer	$101,000	$48.35

Trust officer salary estimates from across the web

Based on the latest salary information compiled by Zippia, Salary.com, Glassdoor, Ziprecruiter and Payscale, the average salary for a trust officer typically falls between $61,493 and $96,063.

zippia

$61,493yearly

glassdoor[1]

$96,063yearly

Salary.com[2]

$66,472yearly

ZipRecruiter[3]

$81,250yearly

payscale[4]

$78,057yearly

Average trust officer salary by state

The highest-paying states for trust officers are Connecticut, Alaska, and New York. The lowest average trust officer salary states are Kansas, Arkansas, and Nebraska.

State view
County view

Average salary:

Highest paying states for trust officers

Rank	State	Avg. salary	Hourly rate
1	New York	$92,174	$44.31
2	Rhode Island	$76,621	$36.84
3	Connecticut	$92,569	$44.50
4	New Jersey	$84,719	$40.73
5	Massachusetts	$85,044	$40.89
6	Virginia	$67,100	$32.26
7	Alaska	$92,304	$44.38
8	Maine	$65,688	$31.58
9	Pennsylvania	$74,934	$36.03
10	Vermont	$61,992	$29.80
11	Maryland	$66,242	$31.85
12	Nevada	$54,597	$26.25
13	Michigan	$77,995	$37.50
14	Delaware	$79,649	$38.29
15	Wisconsin	$58,590	$28.17
16	New Hampshire	$65,407	$31.45
17	West Virginia	$60,825	$29.24
18	Arizona	$49,785	$23.94
19	Ohio	$62,595	$30.09
20	Minnesota	$50,861	$24.45
21	Florida	$46,153	$22.19
22	California	$73,645	$35.41
23	Illinois	$60,084	$28.89
24	North Dakota	$46,266	$22.24
25	District of Columbia	$66,234	$31.84
26	South Dakota	$46,042	$22.14
27	North Carolina	$47,552	$22.86
28	New Mexico	$42,490	$20.43
29	Indiana	$46,199	$22.21
30	Iowa	$42,177	$20.28
31	Idaho	$36,966	$17.77
32	Tennessee	$42,703	$20.53
33	Missouri	$44,398	$21.35
34	South Carolina	$42,998	$20.67
35	Louisiana	$43,351	$20.84
36	Alabama	$34,995	$16.82
37	Oregon	$42,283	$20.33
38	Oklahoma	$36,242	$17.42
39	Mississippi	$34,818	$16.74
40	Georgia	$36,880	$17.73
41	Kentucky	$41,388	$19.90
42	Texas	$39,998	$19.23
43	Washington	$39,122	$18.81
44	Arkansas	$33,795	$16.25
45	Montana	$41,437	$19.92
46	Colorado	$29,691	$14.27
47	Hawaii	$41,436	$19.92
48	Nebraska	$31,716	$15.25
49	Kansas	$33,812	$16.26
50	Wyoming	$28,936	$13.91
51	Utah	$29,955	$14.40

Top trust officer jobs near you

Highest paying cities for trust officers

The highest-paying cities for trust officers are New York, NY, Boston, MA, and Wilmington, DE.

Rank	City	Avg. salary	Hourly rate
1	New York, NY	$93,247	$44.83
2	Boston, MA	$84,989	$40.86
3	Wilmington, DE	$80,107	$38.51
4	San Francisco, CA	$77,888	$37.45
5	Providence, RI	$76,467	$36.76
6	Philadelphia, PA	$76,202	$36.64
7	Kalamazoo, MI	$73,507	$35.34
8	Ashburn, VA	$70,993	$34.13
9	Manchester, NH	$65,383	$31.43
10	Chicago, IL	$61,293	$29.47
11	Milwaukee, WI	$59,447	$28.58
12	Las Vegas, NV	$55,148	$26.51
13	Cincinnati, OH	$52,931	$25.45
14	Fort Wayne, IN	$52,028	$25.01
15	Minneapolis, MN	$50,859	$24.45
16	Coral Gables, FL	$49,164	$23.64
17	Scottsdale, AZ	$48,967	$23.54
18	Sioux Falls, SD	$48,423	$23.28
19	Winston-Salem, NC	$47,632	$22.90
20	Saint Louis, MO	$47,327	$22.75

Trust officer salary details

A trust officer's salary ranges from $30,000 a year at the 10th percentile to $121,000 at the 90th percentile.

Average trust officer salary graph, trends, and summary

What is a trust officer's salary?

Percentile	Annual salary	Monthly salary	Hourly rate
90th Percentile	$121,000	$10,083	$58
75th Percentile	$88,000	$7,333	$42
Average	$61,493	$5,124	$30
25th Percentile	$42,000	$3,500	$20
10th Percentile	$30,000	$2,500	$14

Highest paying trust officer jobs

The highest paying types of trust officers are audit manager, investments manager, and risk manager.

Job title	Annual salary	Monthly salary	Hourly rate	Job openings
Finance Administrator	$55,541	$4,628	$26.70	130,256
Manager Finance Planning And Analysis	$106,888	$8,907	$51.39	111,706
Collections Manager	$59,529	$4,961	$28.62	44,553
Accounts Payable Manager	$69,808	$5,817	$33.56	53,384
Finance Manager	$101,374	$8,448	$48.74	125,345
Branch Manager	$56,291	$4,691	$27.06	333,883

Top companies hiring trust officers now:

Which companies pay trust officers the most?

Trust officer salaries at Neuberger Berman and Citi are the highest-paying according to our most recent salary estimates. In addition, the average trust officer salary at companies like Sandy Spring Bank and Goldman Sachs are highly competitive.

Rank	Company	Average salary	Hourly rate
1	Neuberger Berman	$141,538	$68.05
2	Citi	$139,152	$66.90
3	Sandy Spring Bank	$136,314	$65.54
4	Goldman Sachs	$133,469	$64.17
5	Baird	$124,275	$59.75
6	HSBC Bank	$106,570	$51.24
7	Raymond James Financial	$104,783	$50.38
8	Autodesk	$102,274	$49.17
9	Edward Jones	$97,179	$46.72
10	Sharp Decisions	$96,982	$46.63
11	GPAC	$94,980	$45.66
12	Franklin Templeton	$85,065	$40.90
13	MUFG EMEA	$81,460	$39.16
14	Fifth Third Bank	$80,324	$38.62
15	Principal Financial Group	$79,831	$38.38
16	J.P. Morgan	$70,410	$33.85
17	JPMorgan Chase & Co.	$68,800	$33.08
18	First Foundation	$64,879	$31.19
19	U.S. Bank	$64,669	$31.09
20	Leidos	$62,810	$30.20

Wage gap by gender, race and education

$67,000$64,800$62,600$60,400$58,200$56,000

MaleFemale

Trust officer salary trends

The average trust officer salary has risen by $12,383 over the last ten years. In 2014, the average trust officer earned $49,110 annually, but today, they earn $61,493 a year. That works out to a 10% change in pay for trust officers over the last decade.

Compare trust officer salaries for cities or states with the national average over time.

Average trust officer salary over time

Compare trust officer salaries for individual cities or states with the national average.

Trust officer salary by year

Year	Avg. salary	Hourly rate	% Change
2025	$61,500	$29.56	+3.2%
2024	$59,500	$28.62	+1.5%
2023	$58,700	$28.20	+2.3%
2022	$57,300	$27.56	+2.7%
2021	$55,800	$26.83	+3.1%

Recently added trust officer salaries

Company	Job	Location	Date added	Salary
Franklin Templeton	Senior Trust Officer	Wilmington, DE	06/30/2025	$148,000
Neuberger Berman	Fiduciary Officer, Institutional Trust	Day, NY	06/30/2025	$110,000
Us Bank	Wealth Management Trust Officer	Sioux Falls, SD	06/28/2025	$62,050
Wells Fargo	Trust Officer-Fiduciary Specialist	Philadelphia, PA	06/26/2025	$66,400
Wells Fargo	Trust Officer-Fiduciary Specialist	New York, NY	06/26/2025	$66,400
Wilmington Trust Company	Trust Officer	Wilmington, DE	06/26/2025	$91,062
M&T Bank	Trust Officer	Wilmington, DE	06/25/2025	$91,062
Us Bank	WM Senior Trust Officer	Hamilton, OH	06/25/2025	$98,175
ZP Group	Institutional Trust Officer	Wilmington, DE	06/25/2025	$90,000
Us Bank	WM Senior Trust Officer 1	Vancouver, WA	06/24/2025	$105,400

Trust officer salary FAQs

What state pays Trust Officers the most?

How do I know if I'm being paid fairly as a trust officer?

Have more questions? See all answers to common executive management questions.

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Updated January 8, 2025

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