Business & Finance Los Angeles, CA
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Loan Officer Salary in Los Angeles, California
The median loan officer salary in Los Angeles, CA is $95,980 per year, which is 46.0% above the national median and 5.8% above the California state average.
City Median
$95,980
vs State Avg
+$5,259
vs National
+$30,240
Cost of Living
146%
Loan Officer Salary in Los Angeles by Experience
In Los Angeles, an entry-level loan officer earns around $55,480, while experienced professionals earn up to $189,800 per year. The local cost of living index is 146% of the national average.
Entry Level (0-2 yrs)
$55,480
+$17,480 vs national
Mid Level (3-7 yrs)
$96,360
+$30,360 vs national
Senior Level (8+ yrs)
$189,800
+$59,800 vs national
Salary Percentiles in Los Angeles, CA
| Percentile | Los Angeles |
|---|---|
| 10th Percentile | $51,392 |
| 25th Percentile | $66,284 |
| Median (50th) | $95,980 |
| 75th Percentile | $146,000 |
| 90th Percentile | $224,548 |
Loan Officer Salary in Other California Cities
How to Become a Loan Officer in Los Angeles
Education
Most loan officer positions require a bachelor's degree. Los Angeles and the surrounding California area have institutions offering relevant programs.
Key Skills
Credit AnalysisMortgage LendingCustomer ServiceRegulatory ComplianceSalesFinancial Software
Job Outlook
Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). Demand in Los Angeles may vary based on local industry and population growth.