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Loan Officers Salary in Rochester

SOC 13-2072 · Rochester, NY · BLS OEWS May 2024

Median Annual Salary
$76,918
$36.98/hr
3.7% higher than the US national median ($74,173)
Verified BLS OEWS data · Updated Apr 3, 2025
Source: BLS OEWS · Published Apr 2, 2025
Next refresh: May 15, 2026
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The median salary for Loan Officers in Rochester is $76,918 per year ($36.98/hr). This is 3.7% higher than the national median of $74,173.

About This Role

BLS Standard Occupational Classification 2018

Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, loan underwriters, and payday loan officers.

Wage Percentiles: Rochester

Hourly & annualized (2,080 hours) · BLS metro data
PercentileHourly RateAnnual Salaryvs National
P50 MEDIAN$36.98$76,918+3.7%
P10$19.11$39,749--
P25$27.09$56,347--
P75$61.09$127,067--
P90$100.91$209,893--
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Career Outlook

BLS Employment Projections · 2024-2034
10-year growth
+1.7%
About as fast as average
Annual openings
20K
per year, on avg
Workforce today
301K
as of 2024
Why those openings exist
2% from new growth98% from people leaving the role
Most openings come from replacement, not growth. Retention matters more than recruiting here.
Typical entry requirements
Education
Bachelor's degree
Experience
Less than 5 years
On-the-job training
Moderate-term on-the-job training

Industry Wage Breakdown

Top 2 industries by employment · median annual wage, sector-specific
IndustryWorkforce Median Pay
Credit Intermediation and Related Activities (5221 and 5223 only)
NAICS 5220A1
152K$75,890
Nondepository Credit Intermediation
NAICS 522200
83K$62,310
Wage range across top 5 industries: $62,310 to $75,890 (22% spread)
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Frequently Asked Questions

What is the median loan officers salary in Rochester?

The median (P50) annual salary for Loan Officers in Rochester is approximately $76,918, based on BLS OEWS May 2024 data. This is 3.7% higher than the national median of $74,173. For the full P10–P90 breakdown and market context, open CompSignal.

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About This Data

Wage figures on this page come from the U.S. Bureau of Labor Statistics (BLS) Occupational Employment & Wage Statistics (OEWS) survey, May 2024 release. OEWS surveys roughly 1.1 million establishments annually. It is the most comprehensive employer-reported wage dataset in the United States.

P10 through P90 percentiles represent the wage distribution across all surveyed employers (not self-reported by workers). Geographic adjustments use BLS-derived cost multipliers calibrated from regional wage variation.

Wages are estimates. Individual compensation depends on experience, education, employer size, industry, and negotiation. Use this as benchmark context, not absolute ground truth.

Next OEWS release: May 15, 2026Verify on BLS.gov →

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