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.