Business & Finance Reno, NV Pop. 264,165

Loan Officer Salary in Reno, Nevada

The median loan officer salary in Reno, NV is $68,370 per year, which is 4.0% above the national median and 7.2% above the Nevada state average.

City Median
$68,370
vs State Avg
+$4,602
vs National
+$2,630
Cost of Living
104%

Loan Officer Salary in Reno by Experience

In Reno, an entry-level loan officer earns around $39,520, while experienced professionals earn up to $135,200 per year. The local cost of living index is 104% of the national average.

Entry Level (0-2 yrs)
$39,520
+$1,520 vs national
Mid Level (3-7 yrs)
$68,640
+$2,640 vs national
Senior Level (8+ yrs)
$135,200
+$5,200 vs national

Salary Percentiles in Reno, NV

Percentile Reno
10th Percentile $36,608
25th Percentile $47,216
Median (50th) $68,370
75th Percentile $104,000
90th Percentile $159,952

Loan Officer Salary in Other Nevada Cities

Henderson, NV
$67,055
Pop. 320,189
Las Vegas, NV
$65,740
Pop. 641,903
Sparks, NV
$64,425
Pop. 108,445
North Las Vegas, NV
$62,453
Pop. 262,527

How to Become a Loan Officer in Reno

Education

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

Find Loan Officer Jobs in Reno

Browse open loan officer positions in Reno, NV:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Loan Officer Salary in Reno

How much does a Loan Officer make in Reno, NV? ▼
The median loan officer salary in Reno, Nevada is $68,370 per year, which is 4.0% above the national median of $65,740. Salaries range from $36,608 (10th percentile) to $159,952 (90th percentile).
How much does a Loan Officer make per hour in Reno? ▼
Based on the median annual salary of $68,370, a loan officer in Reno earns approximately $33 per hour assuming a standard 2,080-hour work year.
How does Reno compare to the Nevada state average for loan officer pay? ▼
Reno's median loan officer salary of $68,370 is 7.2% above the Nevada state average of $63,768. The local cost of living index is 104% of the national average.
What is the cost of living in Reno, NV? ▼
Reno has a cost of living index of 104% compared to the national average. This means a loan officer salary of $68,370 in Reno has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Reno? ▼
Most loan officer positions in Reno 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.