Business & Finance Connecticut (CT) Rank #7 of 50

Loan Officer Salary in Connecticut

The median loan officer salary in Connecticut is $78,888 per year, which is 20.0% above the national median of $65,740.

Median Salary
$78,888
vs National
+$13,148
State Rank
#7 of 50
Cost of Living
112%

Loan Officer Salary in Connecticut by Experience

In Connecticut, an entry-level loan officer earns around $45,600, while experienced professionals earn up to $156,000 per year. The cost of living index in Connecticut is 112% of the national average.

Entry Level (0-2 yrs)
$45,600
+$7,600 vs national
Mid Level (3-7 yrs)
$79,200
+$13,200 vs national
Senior Level (8+ yrs)
$156,000
+$26,000 vs national

Salary Percentiles in Connecticut

Percentile CT Salary
10th Percentile $42,240
25th Percentile $54,480
Median (50th) $78,888
75th Percentile $120,000
90th Percentile $184,560

Major Cities for Loan Officers in Connecticut

The largest employment areas for loan officers in Connecticut include Bridgeport, New Haven, Hartford, and Stamford. Salaries in major metro areas may be higher due to increased demand and cost of living.

Bridgeport, CT
Metro area for loan officer employment
New Haven, CT
Metro area for loan officer employment
Hartford, CT
Metro area for loan officer employment
Stamford, CT
Metro area for loan officer employment
Waterbury, CT
Metro area for loan officer employment

How to Become a Loan Officer in Connecticut

Education

Most loan officer positions require a bachelor's degree. Connecticut has several accredited institutions offering relevant programs.

Key Skills

Credit AnalysisMortgage LendingCustomer ServiceRegulatory ComplianceSalesFinancial Software

Job Outlook in Connecticut

Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). Connecticut's demand may vary based on local industry trends.