Business & Finance New Haven, CT Pop. 134,023

Loan Officer Salary in New Haven, Connecticut

The median loan officer salary in New Haven, CT is $77,573 per year, which is 18.0% above the national median and 1.7% below the Connecticut state average.

City Median
$77,573
vs State Avg
$-1,315
vs National
+$11,833
Cost of Living
110%

Loan Officer Salary in New Haven by Experience

In New Haven, an entry-level loan officer earns around $44,840, while experienced professionals earn up to $153,400 per year. The local cost of living index is 110% of the national average.

Entry Level (0-2 yrs)
$44,840
+$6,840 vs national
Mid Level (3-7 yrs)
$77,880
+$11,880 vs national
Senior Level (8+ yrs)
$153,400
+$23,400 vs national

Salary Percentiles in New Haven, CT

Percentile New Haven
10th Percentile $41,536
25th Percentile $53,572
Median (50th) $77,573
75th Percentile $118,000
90th Percentile $181,484

Loan Officer Salary in Other Connecticut Cities

Stamford, CT
$95,980
Pop. 135,470
Bridgeport, CT
$76,258
Pop. 148,529
Hartford, CT
$74,286
Pop. 121,054
Waterbury, CT
$69,684
Pop. 114,403

How to Become a Loan Officer in New Haven

Education

Most loan officer positions require a bachelor's degree. New Haven 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 New Haven may vary based on local industry and population growth.

Find Loan Officer Jobs in New Haven

Browse open loan officer positions in New Haven, CT:

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Frequently Asked Questions: Loan Officer Salary in New Haven

How much does a Loan Officer make in New Haven, CT? ▼
The median loan officer salary in New Haven, Connecticut is $77,573 per year, which is 18.0% above the national median of $65,740. Salaries range from $41,536 (10th percentile) to $181,484 (90th percentile).
How much does a Loan Officer make per hour in New Haven? ▼
Based on the median annual salary of $77,573, a loan officer in New Haven earns approximately $37 per hour assuming a standard 2,080-hour work year.
How does New Haven compare to the Connecticut state average for loan officer pay? ▼
New Haven's median loan officer salary of $77,573 is 1.7% below the Connecticut state average of $78,888. The local cost of living index is 110% of the national average.
What is the cost of living in New Haven, CT? ▼
New Haven has a cost of living index of 110% compared to the national average. This means a loan officer salary of $77,573 in New Haven has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in New Haven? ▼
Most loan officer positions in New Haven 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.