Loan Officer Salary in Elizabeth, New Jersey
The median loan officer salary in Elizabeth, NJ is $76,258 per year, which is 16.0% above the national median and 5.7% below the New Jersey state average.
Loan Officer Pay in Elizabeth: What to Expect (2026)
Elizabeth offers a median loan officer salary of $76,258, which is $4,602 below the New Jersey state average of $80,860. Compared to the national median of $65,740, Elizabeth pays above average for this role.
Elizabeth's cost of living is 108% of the national average, meaning salary figures here closely reflect actual purchasing power. This makes direct comparisons to other cities straightforward.
The salary range for loan officers in Elizabeth spans from $40,832 at the 10th percentile to $178,408 at the 90th percentile — a $137,576 spread. Entry-level professionals start around $44,080, while senior loan officers with 8+ years of experience can earn up to $150,800. With a population of 137,298, Elizabeth is a mid-sized metro with a growing job market.
Loan Officer Salary in Elizabeth by Experience
In Elizabeth, an entry-level loan officer earns around $44,080, while experienced professionals earn up to $150,800 per year. The local cost of living index is 108% of the national average.
Salary Percentiles in Elizabeth, NJ
| Percentile | Elizabeth |
|---|---|
| 10th Percentile | $40,832 |
| 25th Percentile | $52,664 |
| Median (50th) | $76,258 |
| 75th Percentile | $116,000 |
| 90th Percentile | $178,408 |
Loan Officer Salary in Other New Jersey Cities
How to Become a Loan Officer in Elizabeth
Education
Most loan officer positions require a bachelor's degree. Elizabeth and the surrounding New Jersey area have institutions offering relevant programs.
Key Skills
Job Outlook
Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). Demand in Elizabeth may vary based on local industry and population growth.
Find Loan Officer Jobs in Elizabeth
Browse open loan officer positions in Elizabeth, NJ: