Pay by state · 54 areas
Loan Officer Salary by State (2026)
Loan Officers earn the most in Massachusetts at $101,600 a year and the least in West Virginia at $57,580 (BLS OEWS, May 2025). The national median is $76,690. The table below covers all 50 states, DC, Guam, U.S. Virgin Islands and Puerto Rico, with a cost-of-living adjusted column.
- Highest median
- $101,600Massachusetts
- National median
- $76,690BLS OEWS, May 2025
- Lowest median
- $57,580West Virginia
- Areas reporting
- 54of 54 OEWS areas
Top and bottom
Highest- and lowest-paying states for loan officers
Ranked on the state median among the 50 states and DC. After cost of living, Kansas comes out ahead instead. Territories are in the full table but not ranked here.
Highest median pay
- 1Massachusetts$101,600
- 2Connecticut$95,730
- 3New York$95,710
- 4Minnesota$95,170
- 5Colorado$94,520
Lowest median pay
- 1West Virginia$57,580
- 2Utah$59,440
- 3Mississippi$60,260
- 4Louisiana$61,110
- 5Kentucky$62,090
All states
Loan Officer salary in every state
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.
| # | ||||||
|---|---|---|---|---|---|---|
| 1 | MAMassachusetts | $101,600 | $79,760 | $136,940 | 4,470 | $96,069 |
| 2 | CTConnecticut | $95,730 | $63,790 | $121,360 | 2,220 | $92,395 |
| 3 | NYNew York | $95,710 | $62,670 | $148,890 | 10,840 | $88,685 |
| 4 | MNMinnesota | $95,170 | $73,240 | $125,550 | 6,430 | $96,501 |
| 5 | COColorado | $94,520 | $60,730 | $125,430 | 3,230 | $91,721 |
| 6 | OROregon | $94,440 | $64,170 | $126,740 | 4,220 | $91,369 |
| 7 | NJNew Jersey | $92,920 | $62,740 | $131,870 | 6,200 | $85,400 |
| 8 | DCDistrict of Columbia | $92,890 | $64,940 | $125,720 | 370 | $84,522 |
| 9 | VTVermont | $88,710 | $64,420 | $125,960 | 350 | $90,559 |
| 10 | KSKansas | $86,970 | $63,930 | $125,800 | 3,540 | $96,560 |
| 11 | NDNorth Dakota | $84,650 | $63,320 | $102,540 | 1,370 | $95,156 |
| 12 | IAIowa | $83,670 | $66,550 | $104,790 | 2,840 | $95,337 |
| 13 | DEDelaware | $83,130 | $65,690 | $107,570 | 1,420 | $83,290 |
| 14 | MEMaine | $81,900 | $60,120 | $108,400 | 1,060 | $84,389 |
| 15 | CACalifornia | $81,770 | $53,670 | $122,960 | 25,790 | $73,853 |
| 16 | NHNew Hampshire | $80,660 | $62,410 | $123,320 | 1,120 | $77,435 |
| 17 | WAWashington | $80,120 | $61,450 | $121,170 | 6,040 | $74,869 |
| 18 | SDSouth Dakota | $79,920 | $65,570 | $99,750 | 1,820 | $90,217 |
| 19 | NENebraska | $79,840 | $61,110 | $104,510 | 2,710 | $88,610 |
| 20 | WYWyoming | $79,620 | $60,720 | $103,170 | 740 | $85,898 |
| 21 | ILIllinois | $79,150 | $60,520 | $104,560 | 10,890 | $79,183 |
| 22 | VAVirginia | $78,320 | $57,200 | $109,380 | 8,790 | $77,465 |
| 23 | WIWisconsin | $78,290 | $61,730 | $105,950 | 4,940 | $83,203 |
| 24 | RIRhode Island | $77,250 | $55,640 | $99,930 | 1,290 | $75,528 |
| 25 | OHOhio | $76,370 | $50,550 | $103,260 | 9,880 | $82,318 |
| 26 | NCNorth Carolina | $75,920 | $57,680 | $100,550 | 10,700 | $80,487 |
| 27 | MIMichigan | $74,470 | $50,280 | $101,150 | 11,340 | $77,398 |
| 28 | MOMissouri | $73,660 | $51,300 | $98,270 | 7,050 | $81,108 |
| 29 | MDMaryland | $73,580 | $49,990 | $99,220 | 3,850 | $70,104 |
| 30 | OKOklahoma | $72,990 | $49,100 | $101,570 | 4,100 | $83,091 |
| 31 | INIndiana | $72,960 | $50,380 | $98,960 | 4,790 | $78,175 |
| 32 | AKAlaska | $72,800 | $44,780 | $88,000 | 490 | $71,122 |
| 33 | MTMontana | $71,570 | $55,830 | $96,100 | 1,180 | $75,619 |
| 34 | FLFlorida | $71,090 | $49,200 | $100,550 | 18,830 | $68,743 |
| 35 | IDIdaho | $71,070 | $49,730 | $102,630 | 2,030 | $74,424 |
| 36 | ARArkansas | $70,260 | $51,990 | $106,700 | 2,610 | $80,817 |
| 37 | PAPennsylvania | $69,300 | $49,150 | $99,750 | 8,140 | $71,024 |
| 38 | GAGeorgia | $68,490 | $48,820 | $98,650 | 9,540 | $71,127 |
| 39 | ALAlabama | $66,710 | $49,470 | $102,990 | 5,050 | $75,104 |
| 40 | TXTexas | $66,370 | $48,030 | $95,770 | 21,200 | $68,382 |
| 41 | NVNevada | $64,500 | $46,260 | $111,170 | 2,580 | $64,514 |
| 42 | HIHawaii | $63,740 | $48,060 | $100,510 | 980 | $57,971 |
| 43 | SCSouth Carolina | $63,220 | $47,170 | $91,750 | 4,140 | $67,435 |
| 44 | TNTennessee | $62,800 | $47,250 | $81,600 | 6,510 | $68,357 |
| 45 | NMNew Mexico | $62,610 | $48,040 | $90,040 | 1,140 | $67,898 |
| 46 | AZArizona | $62,160 | $48,290 | $101,250 | 10,020 | $61,742 |
| 47 | KYKentucky | $62,090 | $47,860 | $92,990 | 3,940 | $68,867 |
| 48 | LALouisiana | $61,110 | $49,000 | $83,490 | 2,810 | $69,280 |
| 49 | MSMississippi | $60,260 | $44,930 | $83,330 | 3,450 | $69,302 |
| 50 | UTUtah | $59,440 | $46,240 | $87,320 | 3,990 | $60,123 |
| 51 | WVWest Virginia | $57,580 | $44,670 | $78,070 | 1,290 | $64,337 |
| 52 | GUGuam | $45,180 | $37,370 | $57,230 | 60 | N/A |
| 53 | VIU.S. Virgin Islands | $44,780 | $43,010 | $64,260 | 50 | N/A |
| 54 | PRPuerto Rico | $35,730 | $30,260 | $43,510 | 2,360 | N/A |
Method
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.
Questions
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?
Among the 50 states and DC, West Virginia reports the lowest median for loan officers at $57,580 a year, $44,020 below the highest-paying state (BLS OEWS, May 2025). Among the territories, Guam reports $45,180, U.S. Virgin Islands reports $44,780 and Puerto Rico reports $35,730.
In which states do loan officers earn over $100,000?
One of the 50 states and DC has a median of $100,000 or more: Massachusetts ($101,600) (BLS OEWS, May 2025).
Is the highest-paying state the best for loan officers after cost of living?
Not on this data. Massachusetts pays the most on paper ($101,600) but ranks 3rd of 51 once each median is divided by the state's BEA Regional Price Parity ($96,069). Kansas leads after that adjustment at $96,560, from a raw median of $86,970. BEA Regional Price Parities, 2024; the adjustment is NueCareer's calculation.