Loan Officer Salary in Albany, New York
The median loan officer salary in Albany, NY is $72,314 per year, which is 10.0% above the national median and 17.9% below the New York state average.
Loan Officer Pay in Albany: What to Expect (2026)
Albany offers a median loan officer salary of $72,314, which is $15,778 below the New York state average of $88,092. Compared to the national median of $65,740, Albany pays above average for this role.
Albany's cost of living is 98% 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 Albany spans from $38,720 at the 10th percentile to $169,180 at the 90th percentile — a $130,460 spread. Entry-level professionals start around $41,800, while senior loan officers with 8+ years of experience can earn up to $143,000. Albany is a smaller market (pop. 99,224), which may mean fewer openings but also less competition for available positions.
Loan Officer Salary in Albany by Experience
In Albany, an entry-level loan officer earns around $41,800, while experienced professionals earn up to $143,000 per year. The local cost of living index is 98% of the national average.
Salary Percentiles in Albany, NY
| Percentile | Albany |
|---|---|
| 10th Percentile | $38,720 |
| 25th Percentile | $49,940 |
| Median (50th) | $72,314 |
| 75th Percentile | $110,000 |
| 90th Percentile | $169,180 |
Loan Officer Salary in Other New York Cities
How to Become a Loan Officer in Albany
Education
Most loan officer positions require a bachelor's degree. Albany and the surrounding New York 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 Albany may vary based on local industry and population growth.
Find Loan Officer Jobs in Albany
Browse open loan officer positions in Albany, NY: