SOC 13-2072 · National · May 2024 OEWS Data
The national median salary for Loan Officers is $74,173 per year ($35.66/hr) according to the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2024. The middle 50% of earners make between $50,461 and $101,920 annually. Top earners at the 90th percentile reach $145,787 per year. There are approximately 290,530 loan officers employed in the United States.
| Percentile | Hourly Rate | Annual Salary |
|---|---|---|
| P10 | $18.51 | $38,501 |
| P25 | $24.26 | $50,461 |
| P50MEDIAN | $35.66 | $74,173 |
| P75 | $49.00 | $101,920 |
| P90 | $70.09 | $145,787 |
Financial activities openings fell 28K but hiring actually rose 40K, bucking the broader downtrend. Quit rates at 1.2% signal deep employee retention. One of the most employer-favorable sectors.
The national median salary for Loan Officers is $74,173 per year ($35.66/hr) according to BLS OEWS May 2024 data. The middle 50% earn between $50,461 and $101,920 annually.
The 90th percentile salary for Loan Officers is $145,787 per year ($70.09/hr). The 75th percentile is $101,920 per year.
Entry-level Loan Officers (10th percentile) earn approximately $38,501 per year ($18.51/hr). The 25th percentile is $50,461 per year.
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