Business & Finance Edison, NJ
Pop. 107,588
Loan Officer Salary in Edison, New Jersey
The median loan officer salary in Edison, NJ is $80,860 per year, which is 23.0% above the national median and 0.0% above the New Jersey state average.
City Median
$80,860
vs State Avg
+$0
vs National
+$15,120
Cost of Living
115%
Loan Officer Salary in Edison by Experience
In Edison, 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 115% 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 Edison, NJ
| Percentile | Edison |
|---|---|
| 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 New Jersey Cities
How to Become a Loan Officer in Edison
Education
Most loan officer positions require a bachelor's degree. Edison and the surrounding New Jersey 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 Edison may vary based on local industry and population growth.