Business & Finance Hartford, CT Pop. 121,054

Loan Officer Salary in Hartford, Connecticut

The median loan officer salary in Hartford, CT is $74,286 per year, which is 13.0% above the national median and 5.8% below the Connecticut state average.

City Median
$74,286
vs State Avg
$-4,602
vs National
+$8,546
Cost of Living
105%

Loan Officer Salary in Hartford by Experience

In Hartford, an entry-level loan officer earns around $42,940, while experienced professionals earn up to $146,900 per year. The local cost of living index is 105% of the national average.

Entry Level (0-2 yrs)
$42,940
+$4,940 vs national
Mid Level (3-7 yrs)
$74,580
+$8,580 vs national
Senior Level (8+ yrs)
$146,900
+$16,900 vs national

Salary Percentiles in Hartford, CT

Percentile Hartford
10th Percentile $39,776
25th Percentile $51,302
Median (50th) $74,286
75th Percentile $113,000
90th Percentile $173,794

Loan Officer Salary in Other Connecticut Cities

Stamford, CT
$95,980
Pop. 135,470
New Haven, CT
$77,573
Pop. 134,023
Bridgeport, CT
$76,258
Pop. 148,529
Waterbury, CT
$69,684
Pop. 114,403

How to Become a Loan Officer in Hartford

Education

Most loan officer positions require a bachelor's degree. Hartford and the surrounding Connecticut 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 Hartford may vary based on local industry and population growth.

Find Loan Officer Jobs in Hartford

Browse open loan officer positions in Hartford, CT:

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Frequently Asked Questions: Loan Officer Salary in Hartford

How much does a Loan Officer make in Hartford, CT? ▼
The median loan officer salary in Hartford, Connecticut is $74,286 per year, which is 13.0% above the national median of $65,740. Salaries range from $39,776 (10th percentile) to $173,794 (90th percentile).
How much does a Loan Officer make per hour in Hartford? ▼
Based on the median annual salary of $74,286, a loan officer in Hartford earns approximately $36 per hour assuming a standard 2,080-hour work year.
How does Hartford compare to the Connecticut state average for loan officer pay? ▼
Hartford's median loan officer salary of $74,286 is 5.8% below the Connecticut state average of $78,888. The local cost of living index is 105% of the national average.
What is the cost of living in Hartford, CT? ▼
Hartford has a cost of living index of 105% compared to the national average. This means a loan officer salary of $74,286 in Hartford has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Hartford? ▼
Most loan officer positions in Hartford require a bachelor's degree. Key skills include Credit Analysis, Mortgage Lending, Customer Service, Regulatory Compliance. The job market is projected to grow 3% nationally over the next decade.