Loan Officer Salary in New York
The median loan officer salary in New York is $88,092 per year, which is 34.0% above the national median of $65,740.
Loan Officer Salary in New York by Experience
In New York, an entry-level loan officer earns around $50,920, while experienced professionals earn up to $174,200 per year. The cost of living index in New York is 122% of the national average.
Salary Percentiles in New York
| Percentile | NY Salary |
|---|---|
| 10th Percentile | $47,168 |
| 25th Percentile | $60,836 |
| Median (50th) | $88,092 |
| 75th Percentile | $134,000 |
| 90th Percentile | $206,092 |
Major Cities for Loan Officers in New York
The largest employment areas for loan officers in New York include New York City, Buffalo, Rochester, and Yonkers. Salaries in major metro areas may be higher due to increased demand and cost of living.
How to Become a Loan Officer in New York
Education
Most loan officer positions require a bachelor's degree. New York has several accredited institutions offering relevant programs.
Key Skills
Job Outlook in New York
Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). New York's demand may vary based on local industry trends.