Loan Officers Salary Comparison in New York: $120,100.00/Year
Compare the latest Loan Officers salary data for New York based on official 2023 BLS data.
Average Hourly Wage
$57.74
Average Annual Salary
$120,100.00
Loan Officers Salary Range in New York
Hourly Pay Scale
Annual Salary Scale
Note: Ranges represent the 10th, 50th (median), and 90th percentiles.
Compare Loan Officers Salary vs Other States
Loan Officers Salary Comparison by State
| State | Average Hourly Wage | Comparison to National Average | Visual Comparison |
|---|---|---|---|
| New York (New York) | $57.74 | $17.62 above | |
| Massachusetts | $52.91 | $12.79 above | |
| New Hampshire | $47.80 | $7.68 above | |
| Vermont | $46.78 | $6.66 above | |
| Georgia | $46.72 | $6.60 above | |
| Virginia | $46.65 | $6.53 above | |
| Minnesota | $46.09 | $5.97 above | |
| Connecticut | $45.84 | $5.72 above | |
| Maryland | $45.84 | $5.72 above | |
| North Dakota | $44.72 | $4.60 above | |
| Oregon | $43.80 | $3.68 above | |
| New Jersey | $43.25 | $3.13 above | |
| California | $42.79 | $2.67 above | |
| Illinois | $42.08 | $1.96 above | |
| Delaware | $41.49 | $1.37 above | |
| Colorado | $41.47 | $1.35 above | |
| Michigan | $41.45 | $1.33 above | |
| Kansas | $41.42 | $1.30 above | |
| Wisconsin | $41.39 | $1.27 above | |
| Idaho | $41.25 | $1.13 above | |
| Nebraska | $40.96 | $0.84 above | |
| Maine | $40.73 | $0.61 above | |
| Iowa | $40.71 | $0.59 above | |
| Washington | $40.59 | $0.47 above | |
| North Carolina | $39.59 | $0.53 below | |
| Alaska | $39.15 | $0.97 below | |
| Oklahoma | $39.00 | $1.12 below | |
| Arkansas | $38.91 | $1.21 below | |
| South Dakota | $38.91 | $1.21 below | |
| Indiana | $38.41 | $1.71 below | |
| Utah | $38.26 | $1.86 below | |
| Florida | $37.82 | $2.30 below | |
| Nevada | $37.22 | $2.90 below | |
| Missouri | $37.20 | $2.92 below | |
| Wyoming | $37.20 | $2.92 below | |
| Alabama | $37.18 | $2.94 below | |
| Hawaii | $36.79 | $3.33 below | |
| Texas | $36.79 | $3.33 below | |
| Montana | $36.70 | $3.42 below | |
| Ohio | $36.56 | $3.56 below | |
| Tennessee | $36.29 | $3.83 below | |
| Pennsylvania | $36.13 | $3.99 below | |
| South Carolina | $35.34 | $4.78 below | |
| Rhode Island | $35.13 | $4.99 below | |
| Kentucky | $34.41 | $5.71 below | |
| New Mexico | $33.89 | $6.23 below | |
| Arizona | $31.66 | $8.46 below | |
| Mississippi | $31.54 | $8.58 below | |
| Louisiana | $30.97 | $9.15 below | |
| West Virginia | $30.39 | $9.73 below |
Loan Officers Job Market in New York
Approximately 11,620 people employed as Loan Officers in New York. This represents a significant portion of the state's professional workforce in this field.
Loan Officers Career Growth and Salary Outlook in New York
According to the Bureau of Labor Statistics, employment for Loan Officers is projected to grow approximately 7% from 2020 to 2030 , about as fast as the average for all occupations.
Professionals with strong analytical skills and experience with financial software may experience better job prospects and higher earning potential.
Skills That Increase Loan Officers Salary in New York
Loan Officers professionals who possess the following skills often command higher salaries in New York:
Financial Analysis Software
Can increase salary by 10-15%
Risk Assessment
Particularly valued in New York
Regulatory Compliance
Increasingly important skill
Professional designations such as CPA, CFA, or MBA...
Related Professions in New York
Explore More Salary Data
About Loan Officers Salaries in New York
The salary information presented above represents the average compensation for Loan Officers in New York based on the most recent occupational employment statistics. This data includes wages from workers across various industries, experience levels, and company sizes.
Factors that may affect individual salaries include years of experience, level of education, specific skills, company size, and location within New York. Rural areas may offer lower salaries compared to urban centers, even within the same state.
If you're considering a career as a Loan Officers in New York, this data can serve as a helpful benchmark for salary negotiations or career planning. Keep in mind that the cost of living in New York may be higher or lower than the national average, which affects the real value of the salaries shown.
Our Methodology
The salary data presented on HowMuchForAnHour.com comes directly from the U.S. Bureau of Labor Statistics' Occupational Employment and Wage Statistics (OEWS) program. This federal program produces employment and wage estimates annually for nearly 800 occupations across all states.
Our analysis process:
- We use the most recent BLS data available (currently May 2023)
- We index and normalize the data to ensure accurate state-to-state comparisons
- Salary ranges are shown as percentiles (10th, 25th, 50th, 75th, and 90th)
- Employment figures represent the BLS estimate of workers in the occupation
This standardized approach allows for reliable salary comparisons across different professions and geographic locations.
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