Business & Finance Jersey City, NJ
Pop. 292,449
Loan Officer Salary in Jersey City, New Jersey
The median loan officer salary in Jersey City, NJ is $89,406 per year, which is 36.0% above the national median and 10.6% above the New Jersey state average.
City Median
$89,406
vs State Avg
+$8,546
vs National
+$23,666
Cost of Living
128%
Loan Officer Salary in Jersey City by Experience
In Jersey City, an entry-level loan officer earns around $51,680, while experienced professionals earn up to $176,800 per year. The local cost of living index is 128% of the national average.
Entry Level (0-2 yrs)
$51,680
+$13,680 vs national
Mid Level (3-7 yrs)
$89,760
+$23,760 vs national
Senior Level (8+ yrs)
$176,800
+$46,800 vs national
Salary Percentiles in Jersey City, NJ
| Percentile | Jersey City |
|---|---|
| 10th Percentile | $47,872 |
| 25th Percentile | $61,744 |
| Median (50th) | $89,406 |
| 75th Percentile | $136,000 |
| 90th Percentile | $209,168 |
Loan Officer Salary in Other New Jersey Cities
How to Become a Loan Officer in Jersey City
Education
Most loan officer positions require a bachelor's degree. Jersey City 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 Jersey City may vary based on local industry and population growth.