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Loan officer salary in New York

Updated November 2, 2026. Based on U.S. Bureau of Labor Statistics data. Published by Humblebee.

$95,710median pay per year in New York, or $46.01 an hour, May 2025[1]
  1. $49,410lowest 10% earn less
  2. $62,67025th percentile
  3. $95,710median
  4. $148,89075th percentile
  5. $211,350top 10% earn more
Middle half of workers in the inner band[2]US median for this job, $76,690[3]

The median pay for a loan officer in New York was $95,710 a year in May 2025[1]. That was $19,020 higher than the US median[6].

Jobs in NY
10,840[4]
Rank by median pay
3 of 51[5]
Compared with US median
+24.8%[6]

How much do loan officers make in New York?

The median is the middle point. Half of loan officers in New York earned more than $95,710 a year, or $46.01 an hour, and half earned less[1]. The average was higher at $114,670[7]. Across the US, the median was $76,690[3]. New York's figure was 24.8% higher[6] and had the 3rd highest median among the 50 states and DC with a published median[5]. Compared with all jobs in New York, where the median was $59,670[8], loan officers earned $36,040 more[9].

The lowest-paid 10% earned less than $49,410, and the top 10% earned more than $211,350[2]. The middle half of workers fell between $62,670 and $148,890[2]. By the hour, the 10th percentile wage was $23.76 and the 90th percentile wage was $101.61[10].

By metro area, New York-Newark-Jersey City had the highest median at $101,570[11]. It also had 10,350 jobs[12]. These figures cover wage and salary workers only. Self-employed people are left out, and so are bonuses and the cost of benefits like health insurance[13].

New York vs US pay

Pay for loan officers in New York next to the national figures[1][3].

NYUS
Median per year$95,710[1]$76,690[3]
Median per hour$46.01[1]$36.87[3]
Lowest 10% earn less than$49,410[2]$39,430[14]
Top 10% earn more than$211,350[2]$153,180[14]
Jobs10,840[4]274,330[3]

Pay by metro area in New York

Metro areas in New York with the most jobs for loan officers, and the median pay in each[12]. A metro area that crosses state lines is counted as a whole.

Metro areaMedian per yearJobs
New York-Newark-Jersey City, NY-NJ[12]$101,57010,350
Buffalo-Cheektowaga, NY$76,170900
Albany-Schenectady-Troy, NY$79,710560
Rochester, NY$82,280470
Syracuse, NY$78,580300
Kiryas Joel-Poughkeepsie-Newburgh, NY$79,670260
Utica-Rome, NY$61,910170
Binghamton, NY$68,68080

Pay in nearby states

Median pay for loan officers in the states that border New York, highest first[15].

StateMedian per yearJobs
Massachusetts[15]$101,6004,470
Connecticut$95,7302,220
New Jersey$92,9206,200
Vermont$88,710350
Pennsylvania$69,3008,140

Median pay for loan officers in every state

Job outlook and training

Across the US, jobs for loan officers are projected to grow 1.1% from 2025 to 2035[16]. BLS does not publish this projection by state. The typical education for entry is: bachelor's degree[17].

How to become one: steps, training and duties

Frequently asked questions

How much does a loan officer make in New York?
The median was $95,710 a year in May 2025[1]. The lowest-paid 10% earned less than $49,410 and the top 10% earned more than $211,350[2].
How much does a loan officer make an hour in New York?
The median was $46.01 an hour[1]. The 10th percentile wage was $23.76 an hour and the 90th percentile wage was $101.61[10].
Which city in New York pays loan officers the most?
New York-Newark-Jersey City had the highest median among metro areas with a published figure, at $101,570 a year[11].
Is New York a good state for loan officers?
New York had the 3rd highest median pay for this job out of the 50 states and DC with a published median[5]. Its median was $19,020 above the US median[6].
What do you need to become a loan officer in New York?
This is a US figure, not a New York one. Across the US, the typical path is a bachelor's degree, less than 5 years of related work experience, and moderate-term on-the-job training[17].

Facts and sources

  1. BLS OEWS, May 2025: the median wage for Loan Officers in New York was $95,710 per year and $46.01 per hour. Half of these workers earned more and half earned less. BLS OEWS, May 2025
  2. BLS OEWS, May 2025, annual wage percentiles for Loan Officers in New York: 10th percentile $49,410, 25th percentile $62,670, 75th percentile $148,890, 90th percentile $211,350. The 10th percentile means 10% of workers earned less, the 90th means 10% earned more. BLS OEWS, May 2025
  3. BLS OEWS, May 2025: the median wage for Loan Officers in the US as a whole was $76,690 per year and $36.87 per hour, with about 274,330 jobs nationwide. BLS OEWS, May 2025
  4. BLS OEWS, May 2025: about 10,840 people worked as Loan Officers in New York (wage and salary jobs, not counting self-employed workers). BLS OEWS, May 2025
  5. BLS OEWS, May 2025: New York had the 3rd highest median annual wage for Loan Officers out of the 50 states and DC with a published median. BLS OEWS, May 2025
  6. CareerFacts calculation from BLS OEWS, May 2025: the median annual wage for Loan Officers in New York ($95,710) was $19,020 (24.8%) higher than the US median ($76,690). BLS OEWS, May 2025
  7. BLS OEWS, May 2025: the mean (average) wage for Loan Officers in New York was $114,670 per year and $55.13 per hour. BLS OEWS, May 2025
  8. BLS OEWS, May 2025: the median annual wage for all occupations in New York was $59,670. BLS OEWS, May 2025
  9. CareerFacts calculation from BLS OEWS, May 2025: the median annual wage for Loan Officers in New York was $36,040 higher than the median for all occupations in the state ($59,670). BLS OEWS, May 2025
  10. BLS OEWS, May 2025, hourly wage percentiles for Loan Officers in New York: 10th percentile $23.76, 25th percentile $30.13, 75th percentile $71.58, 90th percentile $101.61. BLS OEWS, May 2025
  11. BLS OEWS, May 2025: of the 13 metro areas in or partly in New York with a published median for Loan Officers, New York-Newark-Jersey City, NY-NJ had the highest median annual wage, $101,570. BLS OEWS, May 2025
  12. Metro areas with the most jobs in this occupation, with median annual wage, May 2025 (table on this page). BLS OEWS, May 2025
  13. BLS OEWS FAQ: OEWS covers part-time and full-time workers paid a wage or salary. It does not cover the self-employed, owners and partners in unincorporated firms, household workers or unpaid family workers. OEWS wages do not include nonproduction bonuses or employer costs of benefits such as health insurance or retirement contributions. BLS OEWS, May 2025
  14. BLS OEWS, May 2025, annual wage percentiles for Loan Officers in the US: 10th percentile $39,430, 25th percentile $52,730, 75th percentile $104,080, 90th percentile $153,180. BLS OEWS, May 2025
  15. BLS OEWS, May 2025, median annual wage for Loan Officers in states that border New York (highest first): Massachusetts $101,600; Connecticut $95,730; New Jersey $92,920; Vermont $88,710; Pennsylvania $69,300. BLS OEWS, May 2025
  16. BLS Employment Projections (US, not by state): employment of Loan Officers is projected to grow 1.1% nationwide from 2025 to 2035, with about 17,100 openings a year on average. All occupations are projected to grow 3.5%. BLS Employment Projections
  17. BLS Employment Projections (US, not by state), typical path into Loan Officers: education needed for entry: Bachelor's degree; work experience in a related occupation: Less than 5 years; typical on-the-job training: Moderate-term on-the-job training. BLS Employment Projections

State figures cover only New York. Job outlook and entry requirements are national (US) figures: BLS does not publish them by state in our sources. Figures labelled “CareerFacts calculation” are simple differences between the BLS numbers shown.