Sort by any column. Employment is the number of loan officers OEWS estimates in that state; blank cells are estimates BLS suppressed because the sample was too small.
Loan Officer Salary by State (2026)
Loan Officers earn the most in Massachusetts at $101,600 a year and the least in Puerto Rico at $35,730 (BLS OEWS, May 2025). The national median is $76,690. All 54 states and territories with reported data are ranked below, with a cost-of-living adjusted column.
- Highest median
- $101,600
- National median
- $76,690
- Lowest median
- $35,730
- States reporting
- 54
Massachusetts
BLS OEWS, May 2025
Puerto Rico
of 54 OEWS areas
Top 5 states for Loan Officers
- 1. Massachusetts$101,600 median · $96,069 adjusted · 4,470 employed
- 2. Connecticut$95,730 median · $92,395 adjusted · 2,220 employed
- 3. New York$95,710 median · $88,685 adjusted · 10,840 employed
- 4. Minnesota$95,170 median · $96,501 adjusted · 6,430 employed
- 5. Colorado$94,520 median · $91,721 adjusted · 3,230 employed
Lowest-paying states for Loan Officers
- 54. Puerto Rico$35,730 median · no price parity · 2,360 employed
- 53. U.S. Virgin Islands$44,780 median · no price parity · 50 employed
- 52. Guam$45,180 median · no price parity · 60 employed
- 51. West Virginia$57,580 median · $64,337 adjusted · 1,290 employed
- 50. Utah$59,440 median · $60,123 adjusted · 3,990 employed
Loan Officer salary in every state
| # | ||||||
|---|---|---|---|---|---|---|
| 1 | Massachusetts | $101,600 | $79,760 | $136,940 | 4,470 | $96,069 |
| 2 | Connecticut | $95,730 | $63,790 | $121,360 | 2,220 | $92,395 |
| 3 | New York | $95,710 | $62,670 | $148,890 | 10,840 | $88,685 |
| 4 | Minnesota | $95,170 | $73,240 | $125,550 | 6,430 | $96,501 |
| 5 | Colorado | $94,520 | $60,730 | $125,430 | 3,230 | $91,721 |
| 6 | Oregon | $94,440 | $64,170 | $126,740 | 4,220 | $91,369 |
| 7 | New Jersey | $92,920 | $62,740 | $131,870 | 6,200 | $85,400 |
| 8 | District of Columbia | $92,890 | $64,940 | $125,720 | 370 | $84,522 |
| 9 | Vermont | $88,710 | $64,420 | $125,960 | 350 | $90,559 |
| 10 | Kansas | $86,970 | $63,930 | $125,800 | 3,540 | $96,560 |
| 11 | North Dakota | $84,650 | $63,320 | $102,540 | 1,370 | $95,156 |
| 12 | Iowa | $83,670 | $66,550 | $104,790 | 2,840 | $95,337 |
| 13 | Delaware | $83,130 | $65,690 | $107,570 | 1,420 | $83,290 |
| 14 | Maine | $81,900 | $60,120 | $108,400 | 1,060 | $84,389 |
| 15 | California | $81,770 | $53,670 | $122,960 | 25,790 | $73,853 |
| 16 | New Hampshire | $80,660 | $62,410 | $123,320 | 1,120 | $77,435 |
| 17 | Washington | $80,120 | $61,450 | $121,170 | 6,040 | $74,869 |
| 18 | South Dakota | $79,920 | $65,570 | $99,750 | 1,820 | $90,217 |
| 19 | Nebraska | $79,840 | $61,110 | $104,510 | 2,710 | $88,610 |
| 20 | Wyoming | $79,620 | $60,720 | $103,170 | 740 | $85,898 |
| 21 | Illinois | $79,150 | $60,520 | $104,560 | 10,890 | $79,183 |
| 22 | Virginia | $78,320 | $57,200 | $109,380 | 8,790 | $77,465 |
| 23 | Wisconsin | $78,290 | $61,730 | $105,950 | 4,940 | $83,203 |
| 24 | Rhode Island | $77,250 | $55,640 | $99,930 | 1,290 | $75,528 |
| 25 | Ohio | $76,370 | $50,550 | $103,260 | 9,880 | $82,318 |
| 26 | North Carolina | $75,920 | $57,680 | $100,550 | 10,700 | $80,487 |
| 27 | Michigan | $74,470 | $50,280 | $101,150 | 11,340 | $77,398 |
| 28 | Missouri | $73,660 | $51,300 | $98,270 | 7,050 | $81,108 |
| 29 | Maryland | $73,580 | $49,990 | $99,220 | 3,850 | $70,104 |
| 30 | Oklahoma | $72,990 | $49,100 | $101,570 | 4,100 | $83,091 |
| 31 | Indiana | $72,960 | $50,380 | $98,960 | 4,790 | $78,175 |
| 32 | Alaska | $72,800 | $44,780 | $88,000 | 490 | $71,122 |
| 33 | Montana | $71,570 | $55,830 | $96,100 | 1,180 | $75,619 |
| 34 | Florida | $71,090 | $49,200 | $100,550 | 18,830 | $68,743 |
| 35 | Idaho | $71,070 | $49,730 | $102,630 | 2,030 | $74,424 |
| 36 | Arkansas | $70,260 | $51,990 | $106,700 | 2,610 | $80,817 |
| 37 | Pennsylvania | $69,300 | $49,150 | $99,750 | 8,140 | $71,024 |
| 38 | Georgia | $68,490 | $48,820 | $98,650 | 9,540 | $71,127 |
| 39 | Alabama | $66,710 | $49,470 | $102,990 | 5,050 | $75,104 |
| 40 | Texas | $66,370 | $48,030 | $95,770 | 21,200 | $68,382 |
| 41 | Nevada | $64,500 | $46,260 | $111,170 | 2,580 | $64,514 |
| 42 | Hawaii | $63,740 | $48,060 | $100,510 | 980 | $57,971 |
| 43 | South Carolina | $63,220 | $47,170 | $91,750 | 4,140 | $67,435 |
| 44 | Tennessee | $62,800 | $47,250 | $81,600 | 6,510 | $68,357 |
| 45 | New Mexico | $62,610 | $48,040 | $90,040 | 1,140 | $67,898 |
| 46 | Arizona | $62,160 | $48,290 | $101,250 | 10,020 | $61,742 |
| 47 | Kentucky | $62,090 | $47,860 | $92,990 | 3,940 | $68,867 |
| 48 | Louisiana | $61,110 | $49,000 | $83,490 | 2,810 | $69,280 |
| 49 | Mississippi | $60,260 | $44,930 | $83,330 | 3,450 | $69,302 |
| 50 | Utah | $59,440 | $46,240 | $87,320 | 3,990 | $60,123 |
| 51 | West Virginia | $57,580 | $44,670 | $78,070 | 1,290 | $64,337 |
| 52 | Guam | $45,180 | $37,370 | $57,230 | 60 | N/A |
| 53 | U.S. Virgin Islands | $44,780 | $43,010 | $64,260 | 50 | N/A |
| 54 | Puerto Rico | $35,730 | $30,260 | $43,510 | 2,360 | N/A |
How the cost-of-living adjustment works
The adjusted column divides each state median by that state's BEA Regional Price Parity (RPP) and multiplies by 100. RPPs measure how much a fixed basket of goods, services and rents costs in one state relative to the national average, so the result restates local pay in national-average dollars.
For Loan Officers, that changes the ranking: Massachusetts leads on raw pay at $101,600, while Kansas leads once prices are taken into account at $96,560.
Source: BEA Regional Price Parities by State, 2024 (public domain). The adjustment is NueCareer's calculation, not a BLS or BEA published statistic.
Loan Officer pay by state: FAQ
Which state pays Loan Officers the most?
Massachusetts reports the highest median wage for Loan Officers at $101,600 a year (BLS OEWS, May 2025), followed by Connecticut ($95,730) and New York ($95,710).
Which state pays Loan Officers the least?
Puerto Rico reports the lowest median for Loan Officers at $35,730 a year, $65,870 below the highest-paying state (BLS OEWS, May 2025).
Where do Loan Officers earn the most after cost of living?
Dividing each state median by that state's BEA Regional Price Parity puts Kansas first at $96,560 in national-average dollars, from a raw median of $86,970. BEA Regional Price Parities, 2024.
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