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

Edison, NJ
$80,860
Pop. 107,588
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 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.

Find Loan Officer Jobs in Jersey City

Browse open loan officer positions in Jersey City, NJ:

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Frequently Asked Questions: Loan Officer Salary in Jersey City

How much does a Loan Officer make in Jersey City, NJ? ▼
The median loan officer salary in Jersey City, New Jersey is $89,406 per year, which is 36.0% above the national median of $65,740. Salaries range from $47,872 (10th percentile) to $209,168 (90th percentile).
How much does a Loan Officer make per hour in Jersey City? ▼
Based on the median annual salary of $89,406, a loan officer in Jersey City earns approximately $43 per hour assuming a standard 2,080-hour work year.
How does Jersey City compare to the New Jersey state average for loan officer pay? ▼
Jersey City's median loan officer salary of $89,406 is 10.6% above the New Jersey state average of $80,860. The local cost of living index is 128% of the national average.
What is the cost of living in Jersey City, NJ? ▼
Jersey City has a cost of living index of 128% compared to the national average. This means a loan officer salary of $89,406 in Jersey City has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Jersey City? ▼
Most loan officer positions in Jersey City 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.