Loan Officers Salary in New Jersey
Loan Officers in New Jersey earn a median annual wage of $92,920 —21.2% above the national median of $76,690. That ranks NJ #7 of 51 covered states and territories for this occupation.
Wage distribution
How earnings are spread across workers in this occupation, from the 10th to the 90th percentile.
Employment is only 0.82× as concentrated as the national average — this occupation is relatively scarce in New Jersey.
Highest-paying states for loan officers
All 51 states ranked by median annual wage. New Jersey is highlighted.
| # | State | Median annual | Median hourly | Employment | Location quotient |
|---|---|---|---|---|---|
| 1 | Massachusetts | $101,600 | $48.85 | 4,470 | 0.70 |
| 2 | Connecticut | $95,730 | $46.03 | 2,220 | 0.74 |
| 3 | New York | $95,710 | $46.01 | 10,840 | 0.63 |
| 4 | Minnesota | $95,170 | $45.76 | 6,430 | 1.24 |
| 5 | Colorado | $94,520 | $45.44 | 3,230 | 0.64 |
| 6 | Oregon | $94,440 | $45.40 | 4,220 | 1.22 |
| 7 | New Jersey | $92,920 | $44.67 | 6,200 | 0.82 |
| 8 | District of Columbia | $92,890 | $44.66 | 370 | 0.30 |
| 9 | Vermont | $88,710 | $42.65 | 350 | 0.64 |
| 10 | Kansas | $86,970 | $41.81 | 3,540 | 1.40 |
Related occupations in New Jersey
Occupations in the same job family, compared within New Jersey.
| Occupation | New Jersey median | U.S. median |
|---|---|---|
| Accountants and Auditors | $100,830 | $83,680 |
| Business Operations Specialists, All Other | $91,060 | $83,050 |
| Project Management Specialists | $122,980 | $102,320 |
| Human Resources Specialists | $80,690 | $75,940 |
| Market Research Analysts and Marketing Specialists | $88,190 | $78,760 |
| Management Analysts | $105,820 | $101,860 |
Frequently asked questions
How much do loan officers make in New Jersey?
The median annual wage for loan officers in New Jersey is $92,920, or $44.67 per hour. That is 21.2% above the national median of $76,690.
What is the entry-level loan officers salary in New Jersey?
Workers at the 10th percentile earn $50,490 per year ($24.27/hour). The 25th percentile is $62,740.
How many people work as loan officers in New Jersey?
About 6,200 people work in this occupation in New Jersey, or 1.4 per 1,000 jobs statewide.
Is New Jersey a good state for loan officers?
New Jersey ranks #7 of 51 states by median wage for this occupation. Employment is only 0.82x as concentrated as the national average, so this occupation is relatively scarce in New Jersey.
Which state pays loan officers the most?
Massachusetts has the highest median wage at $101,600 per year, followed by Connecticut ($95,730) and New York ($95,710).