Business & Finance Albany, NY
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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.
City Median
$72,314
vs State Avg
$-15,778
vs National
+$6,574
Cost of Living
98%
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.
Entry Level (0-2 yrs)
$41,800
+$3,800 vs national
Mid Level (3-7 yrs)
$72,600
+$6,600 vs national
Senior Level (8+ yrs)
$143,000
+$13,000 vs national
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
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 Albany may vary based on local industry and population growth.