Loan Officers Pay Range in New York
Pay distribution across experience levels
- 10th Percentile — Entry Level$49,410
- 25th Percentile — Junior$62,670
- 50th Percentile — Median$95,710
- 75th Percentile — Senior$148,890
- 90th Percentile — Top Earners$211,350
Half of Loan Officers in New York earn more than $95,710. The top 10% make $211,350 or more, while entry-level workers start around $49,410.
Loan Officers in New York: Key Facts
Source: BLS OEWS May 2025
- New York ranks 2nd of 51 states for Loan Officers pay, at $114,670 per year (30.6% above the U.S. average of $87,790).
- 10,840 people work as Loan Officers in New York — 4.0% of all U.S. Loan Officers jobs.
- Location quotient 0.63: Loan Officers jobs are less concentrated in New York than in the U.S. overall.
- Pay range: the lowest-paid 10% earn under $49,410; the top 10% earn over $211,350.
- Hourly equivalent: $55.13 per hour (2,080 hours/year).
- The highest-paying state is Massachusetts at $118,390.
- Among business jobs in New York, Personal Financial Advisors pays the most ($210,310).
Loan Officers Job Market in New York
Key factors affecting compensation
New York's key industries are Finance, Technology, Media, and its job market is rated very strong. Loan Officers here earn $114,670 on average, placing the state 2nd nationally.
With a cost-of-living index of 1.38 (U.S. = 1.00), a New York salary of $114,670 is roughly equivalent to $83,094 at the national average cost of living.
Compared with nearby states in the pay ranking, Massachusetts ($118,390), Minnesota ($104,700), New Jersey ($102,890) 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 York
Related career salary benchmarks
- Personal Financial Advisors $210,310/yr New York +83.4% vs this role
- Credit Analysts $150,390/yr New York +31.2% vs this role
- Financial and Investment Analysts $146,620/yr New York +27.9% vs this role
- Financial Examiners $137,700/yr New York +20.1% vs this role
- Management Analysts $129,700/yr New York +13.1% vs this role
- Project Management Specialists $126,260/yr New York +10.1% vs this role
- Accountants and Auditors $114,070/yr New York 0.5% vs this role
- Market Research Analysts $103,270/yr New York 9.9% vs this role
Frequently Asked Questions
Common questions about this salary
What is the average Loan Officers salary in New York?
The average Loan Officers salary in New York is $114,670 per year (median $95,710), which is 30.6% above the national average of $87,790.
How does New York rank for Loan Officers pay?
New York ranks 2nd out of 51 states. The highest-paying state is Massachusetts ($118,390/yr).
How much do entry-level Loan Officers make in New York?
The lowest-paid 10% of Loan Officers in New York earn about $49,410 per year and the 25th percentile is $62,670.
How much do Loan Officers make per hour in New York?
About $55.13 per hour, based on the $114,670 annual average and 2,080 working hours per year.
How many Loan Officers work in New York?
BLS counts 10,840 Loan Officers jobs in New York (OEWS May 2025).
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