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
$92,346
San Jose, CA
National Average
$66,171
Across 50 metros
Top 10 Minimum
$70,044
To rank in top 10
| Rank | City | Median Salary | Hourly Rate | vs. Average | Details |
|---|---|---|---|---|---|
| 1 | San Jose, CA Cost of Living: 179.8 | $92,346 | $44.40/hr | +39.6% | View Details |
| 2 | San Francisco, CA Cost of Living: 169.3 | $90,789 | $43.65/hr | +37.2% | View Details |
| 3 | New York, NY Cost of Living: 128.7 | $81,112 | $39.00/hr | +22.6% | View Details |
| 4 | Seattle, WA Cost of Living: 149.6 | $78,273 | $37.63/hr | +18.3% | View Details |
| 5 | Boston, MA Cost of Living: 148.4 | $76,582 | $36.82/hr | +15.7% | View Details |
| 6 | Washington, DC Cost of Living: 140.1 | $74,342 | $35.74/hr | +12.3% | View Details |
| 7 | Los Angeles, CA Cost of Living: 146.3 | $73,794 | $35.48/hr | +11.5% | View Details |
| 8 | San Diego, CA Cost of Living: 142.8 | $71,067 | $34.17/hr | +7.4% | View Details |
| 9 | Sacramento, CA Cost of Living: 119.2 | $70,287 | $33.79/hr | +6.2% | View Details |
| 10 | Denver, CO Cost of Living: 118.4 | $70,044 | $33.67/hr | +5.9% | View Details |
All 50 Cities Ranked
San Jose, CA
$92k
/year
San Francisco, CA
$91k
/year
New York, NY
$81k
/year
Seattle, WA
$78k
/year
Boston, MA
$77k
/year
Washington, DC
$74k
/year
Los Angeles, CA
$74k
/year
San Diego, CA
$71k
/year
Sacramento, CA
$70k
/year
Denver, CO
$70k
/year
Portland, OR
$70k
/year
Austin, TX
$69k
/year
Philadelphia, PA
$69k
/year
Chicago, IL
$69k
/year
Dallas, TX
$67k
/year
Baltimore, MD
$67k
/year
Minneapolis, MN
$67k
/year
Providence, RI
$67k
/year
Miami, FL
$67k
/year
Hartford, CT
$66k
/year
Riverside, CA
$66k
/year
Phoenix, AZ
$66k
/year
Salt Lake City, UT
$66k
/year
Houston, TX
$66k
/year
Raleigh, NC
$65k
/year
Atlanta, GA
$65k
/year
Charlotte, NC
$64k
/year
Tampa, FL
$64k
/year
Richmond, VA
$64k
/year
Milwaukee, WI
$64k
/year
Cleveland, OH
$63k
/year
Nashville, TN
$63k
/year
Columbus, OH
$63k
/year
Kansas City, MO
$63k
/year
Indianapolis, IN
$62k
/year
Orlando, FL
$62k
/year
Detroit, MI
$61k
/year
Louisville, KY
$61k
/year
Jacksonville, FL
$60k
/year
Las Vegas, NV
$60k
/year
Cincinnati, OH
$60k
/year
Pittsburgh, PA
$60k
/year
San Antonio, TX
$60k
/year
New Orleans, LA
$60k
/year
St. Louis, MO
$59k
/year
Birmingham, AL
$58k
/year
Memphis, TN
$57k
/year
Oklahoma City, OK
$57k
/year
Tucson, AZ
$57k
/year
El Paso, TX
$56k
/year
Frequently Asked Questions
What city pays Loan Officers the most?
San Jose, CA pays Loan Officers the most, with a median salary of $92,346 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 $66,171 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.