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 Pay in Columbia: What to Expect (2026)

Columbia offers a median loan officer salary of $80,860, which is $5,259 above the Maryland state average of $75,601. Compared to the national median of $65,740, Columbia pays above average for this role.

However, Columbia's cost of living index is 118%, significantly above the national average. After adjusting for local costs, the $80,860 salary has an effective purchasing power of approximately $68,525. Housing, transportation, and food costs in Columbia should be factored into any relocation or job-change decision.

The salary range for loan officers in Columbia spans from $43,296 at the 10th percentile to $189,174 at the 90th percentile — a $145,878 spread. Entry-level professionals start around $46,740, while senior loan officers with 8+ years of experience can earn up to $159,900. With a population of 104,681, Columbia is a mid-sized metro with a growing job market.

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.

Find Loan Officer Jobs in Columbia

Browse open loan officer positions in Columbia, MD:

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Frequently Asked Questions: Loan Officer Salary in Columbia

How much does a Loan Officer make in Columbia, MD? ▼
The median loan officer salary in Columbia, Maryland is $80,860 per year, which is 23.0% above the national median of $65,740. Salaries range from $43,296 (10th percentile) to $189,174 (90th percentile).
How much does a Loan Officer make per hour in Columbia? ▼
Based on the median annual salary of $80,860, a loan officer in Columbia earns approximately $39 per hour assuming a standard 2,080-hour work year.
How does Columbia compare to the Maryland state average for loan officer pay? ▼
Columbia's median loan officer salary of $80,860 is 7.0% above the Maryland state average of $75,601. The local cost of living index is 118% of the national average.
What is the cost of living in Columbia, MD? ▼
Columbia has a cost of living index of 118% compared to the national average. This means a loan officer salary of $80,860 in Columbia has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Columbia? ▼
Most loan officer positions in Columbia 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.