Loan Officers Pay Range in Maine
Pay distribution across experience levels
- 10th Percentile — Entry Level$46,710
- 25th Percentile — Junior$60,120
- 50th Percentile — Median$81,900
- 75th Percentile — Senior$108,400
- 90th Percentile — Top Earners$140,680
Half of Loan Officers in Maine earn more than $81,900. The top 10% make $140,680 or more, while entry-level workers start around $46,710.
Loan Officers in Maine: Key Facts
Source: BLS OEWS May 2025
- Maine ranks 22nd of 51 states for Loan Officers pay, at $88,830 per year (1.2% above the U.S. average of $87,790).
- 1,060 people work as Loan Officers in Maine — 0.4% of all U.S. Loan Officers jobs.
- Location quotient 0.93: Loan Officers jobs are less concentrated in Maine than in the U.S. overall.
- Pay range: the lowest-paid 10% earn under $46,710; the top 10% earn over $140,680.
- Hourly equivalent: $42.71 per hour (2,080 hours/year).
- The highest-paying state is Massachusetts at $118,390.
- Among business jobs in Maine, Project Management Specialists pays the most ($104,230).
Loan Officers Job Market in Maine
Key factors affecting compensation
Maine's key industries are Healthcare, Tourism, Manufacturing, and its job market is rated moderate. Loan Officers here earn $88,830 on average, placing the state 22nd nationally.
With a cost-of-living index of 1.02 (U.S. = 1.00), a Maine salary of $88,830 is roughly equivalent to $87,088 at the national average cost of living.
Compared with nearby states in the pay ranking, Virginia ($90,090), Nebraska ($89,530), Illinois ($89,350) are the closest alternatives for Loan Officers weighing a move.
U.S. Bureau of Labor Statistics · Occupational Employment and Wage Statistics (OES) · May 2025
Other Business Jobs in Maine
Related career salary benchmarks
- Project Management Specialists $104,230/yr Maine +17.3% vs this role
- Financial and Investment Analysts $93,970/yr Maine +5.8% vs this role
- Budget Analysts $89,300/yr Maine +0.5% vs this role
- Financial Examiners $88,720/yr Maine 0.1% vs this role
- Management Analysts $88,290/yr Maine 0.6% vs this role
- Credit Analysts $87,100/yr Maine 1.9% vs this role
- Compliance Officers $86,600/yr Maine 2.5% vs this role
- Appraisers and Assessors of Real Estate $85,160/yr Maine 4.1% vs this role
Frequently Asked Questions
Common questions about this salary
What is the average Loan Officers salary in Maine?
The average Loan Officers salary in Maine is $88,830 per year (median $81,900), which is 1.2% above the national average of $87,790.
How does Maine rank for Loan Officers pay?
Maine ranks 22nd out of 51 states. The highest-paying state is Massachusetts ($118,390/yr).
How much do entry-level Loan Officers make in Maine?
The lowest-paid 10% of Loan Officers in Maine earn about $46,710 per year and the 25th percentile is $60,120.
How much do Loan Officers make per hour in Maine?
About $42.71 per hour, based on the $88,830 annual average and 2,080 working hours per year.
How many Loan Officers work in Maine?
BLS counts 1,060 Loan Officers jobs in Maine (OEWS May 2025).
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