Business & Finance Columbia, MD Pop. 104,681

Loan Officer Salary in Columbia, Maryland

The median loan officer salary in Columbia, MD is $80,860 per year, which is 23.0% above the national median and 7.0% above the Maryland state average.

City Median
$80,860
vs State Avg
+$5,259
vs National
+$15,120
Cost of Living
118%

Loan Officer Salary in Columbia by Experience

In Columbia, an entry-level loan officer earns around $46,740, while experienced professionals earn up to $159,900 per year. The local cost of living index is 118% of the national average.

Entry Level (0-2 yrs)
$46,740
+$8,740 vs national
Mid Level (3-7 yrs)
$81,180
+$15,180 vs national
Senior Level (8+ yrs)
$159,900
+$29,900 vs national

Salary Percentiles in Columbia, MD

Percentile Columbia
10th Percentile $43,296
25th Percentile $55,842
Median (50th) $80,860
75th Percentile $123,000
90th Percentile $189,174

Loan Officer Salary in Other Maryland Cities

Silver Spring, MD
$83,490
Pop. 81,015
Germantown, MD
$78,888
Pop. 90,676
Baltimore, MD
$74,286
Pop. 585,708
Waldorf, MD
$72,314
Pop. 77,000

How to Become a Loan Officer in Columbia

Education

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