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
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.