Loan Officers Pay Range in New Jersey
Pay distribution across experience levels
- 10th Percentile — Entry Level$50,490
- 25th Percentile — Junior$62,740
- 50th Percentile — Median$92,920
- 75th Percentile — Senior$131,870
- 90th Percentile — Top Earners$169,280
Half of Loan Officers in New Jersey earn more than $92,920. The top 10% make $169,280 or more, while entry-level workers start around $50,490.
Loan Officers in New Jersey: Key Facts
Source: BLS OEWS May 2025
- New Jersey ranks 4th of 51 states for Loan Officers pay, at $102,890 per year (17.2% above the U.S. average of $87,790).
- 6,200 people work as Loan Officers in New Jersey — 2.3% of all U.S. Loan Officers jobs.
- Location quotient 0.82: Loan Officers jobs are less concentrated in New Jersey than in the U.S. overall.
- Pay range: the lowest-paid 10% earn under $50,490; the top 10% earn over $169,280.
- Hourly equivalent: $49.47 per hour (2,080 hours/year).
- The highest-paying state is Massachusetts at $118,390.
- Among business jobs in New Jersey, Personal Financial Advisors pays the most ($191,890).
Loan Officers Job Market in New Jersey
Key factors affecting compensation
New Jersey's key industries are Pharmaceuticals, Finance, Technology, and its job market is rated strong. Loan Officers here earn $102,890 on average, placing the state 4th nationally.
With a cost-of-living index of 1.28 (U.S. = 1.00), a New Jersey salary of $102,890 is roughly equivalent to $80,383 at the national average cost of living.
Compared with nearby states in the pay ranking, Massachusetts ($118,390), New York ($114,670), Minnesota ($104,700) 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 New Jersey
Related career salary benchmarks
- Personal Financial Advisors $191,890/yr New Jersey +86.5% vs this role
- Project Management Specialists $127,900/yr New Jersey +24.3% vs this role
- Financial Examiners $125,230/yr New Jersey +21.7% vs this role
- Financial and Investment Analysts $123,940/yr New Jersey +20.5% vs this role
- Management Analysts $115,990/yr New Jersey +12.7% vs this role
- Credit Analysts $112,680/yr New Jersey +9.5% vs this role
- Accountants and Auditors $110,590/yr New Jersey +7.5% vs this role
- Compliance Officers $103,950/yr New Jersey +1.0% vs this role
Frequently Asked Questions
Common questions about this salary
What is the average Loan Officers salary in New Jersey?
The average Loan Officers salary in New Jersey is $102,890 per year (median $92,920), which is 17.2% above the national average of $87,790.
How does New Jersey rank for Loan Officers pay?
New Jersey ranks 4th out of 51 states. The highest-paying state is Massachusetts ($118,390/yr).
How much do entry-level Loan Officers make in New Jersey?
The lowest-paid 10% of Loan Officers in New Jersey earn about $50,490 per year and the 25th percentile is $62,740.
How much do Loan Officers make per hour in New Jersey?
About $49.47 per hour, based on the $102,890 annual average and 2,080 working hours per year.
How many Loan Officers work in New Jersey?
BLS counts 6,200 Loan Officers jobs in New Jersey (OEWS May 2025).
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