Loan Officers Salary in New York
Loan Officers in New York earn a median annual wage of $95,710 —24.8% above the national median of $76,690. That ranks NY #3 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 0.63× as concentrated as the national average — this occupation is relatively scarce in New York.
Highest-paying states for loan officers
All 51 states ranked by median annual wage. New York 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 York
Occupations in the same job family, compared within New York.
| Occupation | New York median | U.S. median |
|---|---|---|
| Accountants and Auditors | $102,640 | $83,680 |
| Business Operations Specialists, All Other | $83,450 | $83,050 |
| Project Management Specialists | $121,040 | $102,320 |
| Human Resources Specialists | $84,380 | $75,940 |
| Market Research Analysts and Marketing Specialists | $98,580 | $78,760 |
| Management Analysts | $112,250 | $101,860 |
Frequently asked questions
How much do loan officers make in New York?
The median annual wage for loan officers in New York is $95,710, or $46.01 per hour. That is 24.8% above the national median of $76,690.
What is the entry-level loan officers salary in New York?
Workers at the 10th percentile earn $49,410 per year ($23.76/hour). The 25th percentile is $62,670.
How many people work as loan officers in New York?
About 10,840 people work in this occupation in New York, or 1.1 per 1,000 jobs statewide.
Is New York a good state for loan officers?
New York ranks #3 of 51 states by median wage for this occupation. Employment is only 0.63x as concentrated as the national average, so this occupation is relatively scarce in New York.
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).