Loan Officer salary
Updated Updated for 2026 tax law
A loan officer earns a median of $76,690 a year ($36.87 an hour) in the US, according to the Bureau of Labor Statistics (May 2025). The average is $87,790. About 274,330 people work in this job.
Take-home pay on $76,690
- Gross pay
- $2,949.62
- Federal income tax
- −$309.30
- Social Security (6.2%)
- −$182.88
- Medicare (1.45%)
- −$42.77
- Texas income tax
- $0.00No state income tax on wages
- Take-home pay
- $2,414.67
Annual breakdown
- Gross
- $76,690
- Federal
- $8,042
- FICA
- $5,867
- State + local
- $0
- Net
- $62,781
- Marginal federal rate
- 22.0%
- Marginal state rate
- 0.0%
2026 federal brackets (Rev. Proc. 2025-32) and 2026 state rules. Estimates assume wages are your only income and use annual liability, so your actual withholding can differ slightly.
Loan Officer salary by state
| State | Median salary | Average | Employed |
|---|---|---|---|
| Massachusetts | $101,600 | $118,390 | 4,470 |
| Connecticut | $95,730 | $101,710 | 2,220 |
| New York | $95,710 | $114,670 | 10,840 |
| Minnesota | $95,170 | $104,700 | 6,430 |
| Colorado | $94,520 | $97,840 | 3,230 |
| Oregon | $94,440 | $101,000 | 4,220 |
| New Jersey | $92,920 | $102,890 | 6,200 |
| District of Columbia | $92,890 | $100,150 | 370 |
| Vermont | $88,710 | $101,600 | 350 |
| Kansas | $86,970 | $98,160 | 3,540 |
| North Dakota | $84,650 | $91,760 | 1,370 |
| Iowa | $83,670 | $93,090 | 2,840 |
| Delaware | $83,130 | $92,000 | 1,420 |
| Maine | $81,900 | $88,830 | 1,060 |
| California | $81,770 | $97,120 | 25,790 |
| New Hampshire | $80,660 | $97,080 | 1,120 |
| Washington | $80,120 | $94,320 | 6,040 |
| South Dakota | $79,920 | $85,970 | 1,820 |
| Nebraska | $79,840 | $89,530 | 2,710 |
| Wyoming | $79,620 | $87,930 | 740 |
| Illinois | $79,150 | $89,350 | 10,890 |
| Virginia | $78,320 | $90,090 | 8,790 |
| Wisconsin | $78,290 | $89,090 | 4,940 |
| Rhode Island | $77,250 | $82,690 | 1,290 |
| Ohio | $76,370 | $83,960 | 9,880 |
| North Carolina | $75,920 | $84,160 | 10,700 |
| Michigan | $74,470 | $83,990 | 11,340 |
| Missouri | $73,660 | $82,180 | 7,050 |
| Maryland | $73,580 | $84,190 | 3,850 |
| Oklahoma | $72,990 | $86,020 | 4,100 |
| Indiana | $72,960 | $78,980 | 4,790 |
| Alaska | $72,800 | $73,300 | 490 |
| Montana | $71,570 | $77,390 | 1,180 |
| Florida | $71,090 | $81,320 | 18,830 |
| Idaho | $71,070 | $90,160 | 2,030 |
| Arkansas | $70,260 | $85,120 | 2,610 |
| Pennsylvania | $69,300 | $80,450 | 8,140 |
| Georgia | $68,490 | $84,980 | 9,540 |
| Alabama | $66,710 | $83,410 | 5,050 |
| Texas | $66,370 | $79,410 | 21,200 |
| Nevada | $64,500 | $87,850 | 2,580 |
| Hawaii | $63,740 | $81,330 | 980 |
| South Carolina | $63,220 | $77,890 | 4,140 |
| Tennessee | $62,800 | $71,590 | 6,510 |
| New Mexico | $62,610 | $75,410 | 1,140 |
| Arizona | $62,160 | $77,060 | 10,020 |
| Kentucky | $62,090 | $74,870 | 3,940 |
| Louisiana | $61,110 | $73,240 | 2,810 |
| Mississippi | $60,260 | $73,480 | 3,450 |
| Utah | $59,440 | $73,370 | 3,990 |
| West Virginia | $57,580 | $66,780 | 1,290 |
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BLS occupation: Loan Officers. Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 (SOC 13-2072). Excludes the self-employed.
Frequently asked questions
How much does a loan officer make an hour?
The median hourly wage is $36.87; the average is $42.21.
Which state pays loan officers the most?
Massachusetts ($101,600 median), followed by Connecticut and New York.
What is the salary range for a loan officer?
The bottom 10% earn under $39,430 and the top 10% earn over $153,180 a year.
How much is $76,690 after taxes?
About $62,781 a year in Texas (no state income tax) or $58,875 in California for a single filer in 2026.
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Estimates for information only — not tax, legal or financial advice.