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

Jersey City, NJ
$89,406
Pop. 292,449
Newark, NJ
$78,888
Pop. 311,549
Elizabeth, NJ
$76,258
Pop. 137,298
Paterson, NJ
$74,286
Pop. 159,732

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.

Find Loan Officer Jobs in Edison

Browse open loan officer positions in Edison, NJ:

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Frequently Asked Questions: Loan Officer Salary in Edison

How much does a Loan Officer make in Edison, NJ? ▼
The median loan officer salary in Edison, New Jersey 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 Edison? ▼
Based on the median annual salary of $80,860, a loan officer in Edison earns approximately $39 per hour assuming a standard 2,080-hour work year.
How does Edison compare to the New Jersey state average for loan officer pay? ▼
Edison's median loan officer salary of $80,860 is 0.0% above the New Jersey state average of $80,860. The local cost of living index is 115% of the national average.
What is the cost of living in Edison, NJ? ▼
Edison has a cost of living index of 115% compared to the national average. This means a loan officer salary of $80,860 in Edison has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Edison? ▼
Most loan officer positions in Edison 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.