Top 10 Highest Paying Cities for Loan Officers
Find out which cities offer the best salaries for Loan Officers. Data based on 2023 Bureau of Labor Statistics wage estimates.
Highest Paying City
$98,920
San Jose, CA
National Average
$70,636
Across 50 metros
Top 10 Minimum
$74,498
To rank in top 10
| Rank | City | Median Salary | Hourly Rate | vs. Average | Details |
|---|---|---|---|---|---|
| 1 | San Jose, CA Cost of Living: 179.8 | $98,920 | $47.56/hr | +40.0% | View Details |
| 2 | San Francisco, CA Cost of Living: 169.3 | $94,469 | $45.42/hr | +33.7% | View Details |
| 3 | Seattle, WA Cost of Living: 149.6 | $86,576 | $41.62/hr | +22.6% | View Details |
| 4 | New York, NY Cost of Living: 128.7 | $85,524 | $41.12/hr | +21.1% | View Details |
| 5 | Boston, MA Cost of Living: 148.4 | $84,248 | $40.50/hr | +19.3% | View Details |
| 6 | Washington, DC Cost of Living: 140.1 | $82,555 | $39.69/hr | +16.9% | View Details |
| 7 | San Diego, CA Cost of Living: 142.8 | $77,693 | $37.35/hr | +10.0% | View Details |
| 8 | Los Angeles, CA Cost of Living: 146.3 | $77,503 | $37.26/hr | +9.7% | View Details |
| 9 | Denver, CO Cost of Living: 118.4 | $76,308 | $36.69/hr | +8.0% | View Details |
| 10 | Austin, TX Cost of Living: 105.3 | $74,498 | $35.82/hr | +5.5% | View Details |
All 50 Cities Ranked
San Jose, CA
$99k
/year
San Francisco, CA
$94k
/year
Seattle, WA
$87k
/year
New York, NY
$86k
/year
Boston, MA
$84k
/year
Washington, DC
$83k
/year
San Diego, CA
$78k
/year
Los Angeles, CA
$78k
/year
Denver, CO
$76k
/year
Austin, TX
$74k
/year
Minneapolis, MN
$74k
/year
Hartford, CT
$73k
/year
Portland, OR
$73k
/year
Miami, FL
$73k
/year
Providence, RI
$71k
/year
Sacramento, CA
$71k
/year
Chicago, IL
$71k
/year
Dallas, TX
$71k
/year
Baltimore, MD
$70k
/year
Riverside, CA
$70k
/year
Houston, TX
$70k
/year
Philadelphia, PA
$70k
/year
Raleigh, NC
$69k
/year
Detroit, MI
$69k
/year
Charlotte, NC
$69k
/year
Salt Lake City, UT
$69k
/year
Tampa, FL
$69k
/year
Richmond, VA
$68k
/year
Orlando, FL
$68k
/year
Atlanta, GA
$68k
/year
Nashville, TN
$68k
/year
Phoenix, AZ
$67k
/year
Milwaukee, WI
$67k
/year
Jacksonville, FL
$67k
/year
Columbus, OH
$66k
/year
Cincinnati, OH
$66k
/year
Pittsburgh, PA
$66k
/year
Las Vegas, NV
$65k
/year
Indianapolis, IN
$65k
/year
Cleveland, OH
$65k
/year
St. Louis, MO
$64k
/year
Louisville, KY
$64k
/year
Kansas City, MO
$64k
/year
Oklahoma City, OK
$63k
/year
San Antonio, TX
$63k
/year
Birmingham, AL
$63k
/year
Memphis, TN
$62k
/year
New Orleans, LA
$61k
/year
Tucson, AZ
$61k
/year
El Paso, TX
$60k
/year
Frequently Asked Questions
What city pays Loan Officers the most?
San Jose, CA pays Loan Officers the most, with a median salary of $98,920 per year.
What is the average Loan Officer salary across all cities?
The average Loan Officer salary across all 50 major US metro areas is $70,636 per year.
Should I consider cost of living when comparing salaries?
Yes! Cities like San Francisco and New York pay higher salaries, but also have higher costs of living. A $80,000 salary in a city with 90 cost of living index has more purchasing power than$100,000 in a city with 150 cost of living index.