Business & Finance Auburn, ME
Pop. 23,926
Loan Officer Salary in Auburn, Maine
The median loan officer salary in Auburn, ME is $58,509 per year, which is 11% below the national median and 9.2% below the Maine state average.
City Median
$58,509
vs State Avg
$-5,916
vs National
$-7,231
Cost of Living
89%
Loan Officer Salary in Auburn by Experience
In Auburn, an entry-level loan officer earns around $33,820, while experienced professionals earn up to $115,700 per year. The local cost of living index is 89% of the national average.
Entry Level (0-2 yrs)
$33,820
$-4,180 vs national
Mid Level (3-7 yrs)
$58,740
$-7,260 vs national
Senior Level (8+ yrs)
$115,700
$-14,300 vs national
Salary Percentiles in Auburn, ME
| Percentile | Auburn |
|---|---|
| 10th Percentile | $31,328 |
| 25th Percentile | $40,406 |
| Median (50th) | $58,509 |
| 75th Percentile | $89,000 |
| 90th Percentile | $136,882 |
Loan Officer Salary in Other Maine Cities
How to Become a Loan Officer in Auburn
Education
Most loan officer positions require a bachelor's degree. Auburn and the surrounding Maine 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 Auburn may vary based on local industry and population growth.