Loan Officer Salary in Buffalo, New York
The median loan officer salary in Buffalo, NY is $68,370 per year, which is 4.0% above the national median and 22.4% below the New York state average.
Loan Officer Pay in Buffalo: What to Expect (2026)
Buffalo offers a median loan officer salary of $68,370, which is $19,722 below the New York state average of $88,092. Compared to the national median of $65,740, Buffalo pays above average for this role.
Buffalo's cost of living is 92% 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 Buffalo spans from $36,608 at the 10th percentile to $159,952 at the 90th percentile — a $123,344 spread. Entry-level professionals start around $39,520, while senior loan officers with 8+ years of experience can earn up to $135,200. With a population of 278,349, Buffalo is a mid-sized metro with a growing job market.
Loan Officer Salary in Buffalo by Experience
In Buffalo, an entry-level loan officer earns around $39,520, while experienced professionals earn up to $135,200 per year. The local cost of living index is 92% of the national average.
Salary Percentiles in Buffalo, NY
| Percentile | Buffalo |
|---|---|
| 10th Percentile | $36,608 |
| 25th Percentile | $47,216 |
| Median (50th) | $68,370 |
| 75th Percentile | $104,000 |
| 90th Percentile | $159,952 |
Loan Officer Salary in Other New York Cities
How to Become a Loan Officer in Buffalo
Education
Most loan officer positions require a bachelor's degree. Buffalo 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 Buffalo may vary based on local industry and population growth.
Find Loan Officer Jobs in Buffalo
Browse open loan officer positions in Buffalo, NY: