Business & Finance Meridian, ID Pop. 117,635

Loan Officer Salary in Meridian, Idaho

The median loan officer salary in Meridian, ID is $64,425 per year, which is 2% below the national median and 4.3% above the Idaho state average.

City Median
$64,425
vs State Avg
+$2,629
vs National
$-1,315
Cost of Living
98%

Loan Officer Salary in Meridian by Experience

In Meridian, an entry-level loan officer earns around $37,240, while experienced professionals earn up to $127,400 per year. The local cost of living index is 98% of the national average.

Entry Level (0-2 yrs)
$37,240
$-760 vs national
Mid Level (3-7 yrs)
$64,680
$-1,320 vs national
Senior Level (8+ yrs)
$127,400
$-2,600 vs national

Salary Percentiles in Meridian, ID

Percentile Meridian
10th Percentile $34,496
25th Percentile $44,492
Median (50th) $64,425
75th Percentile $98,000
90th Percentile $150,724

Loan Officer Salary in Other Idaho Cities

Boise, ID
$65,740
Pop. 235,684
Nampa, ID
$59,166
Pop. 100,200
Idaho Falls, ID
$57,851
Pop. 64,609
Pocatello, ID
$56,536
Pop. 56,548

How to Become a Loan Officer in Meridian

Education

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

Find Loan Officer Jobs in Meridian

Browse open loan officer positions in Meridian, ID:

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Frequently Asked Questions: Loan Officer Salary in Meridian

How much does a Loan Officer make in Meridian, ID? ▼
The median loan officer salary in Meridian, Idaho is $64,425 per year, which is 2% below the national median of $65,740. Salaries range from $34,496 (10th percentile) to $150,724 (90th percentile).
How much does a Loan Officer make per hour in Meridian? ▼
Based on the median annual salary of $64,425, a loan officer in Meridian earns approximately $31 per hour assuming a standard 2,080-hour work year.
How does Meridian compare to the Idaho state average for loan officer pay? ▼
Meridian's median loan officer salary of $64,425 is 4.3% above the Idaho state average of $61,796. The local cost of living index is 98% of the national average.
What is the cost of living in Meridian, ID? ▼
Meridian has a cost of living index of 98% compared to the national average. This means a loan officer salary of $64,425 in Meridian has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Meridian? ▼
Most loan officer positions in Meridian 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.