Business & Finance New York City, NY Pop. 8,336,817

Loan Officer Salary in New York City, New York

The median loan officer salary in New York City, NY is $130,823 per year, which is 99.0% above the national median and 48.5% above the New York state average.

City Median
$130,823
vs State Avg
+$42,731
vs National
+$65,083
Cost of Living
187%

Loan Officer Salary in New York City by Experience

In New York City, an entry-level loan officer earns around $75,620, while experienced professionals earn up to $258,700 per year. The local cost of living index is 187% of the national average.

Entry Level (0-2 yrs)
$75,620
+$37,620 vs national
Mid Level (3-7 yrs)
$131,340
+$65,340 vs national
Senior Level (8+ yrs)
$258,700
+$128,700 vs national

Salary Percentiles in New York City, NY

Percentile New York City
10th Percentile $70,048
25th Percentile $90,346
Median (50th) $130,823
75th Percentile $199,000
90th Percentile $306,062

Loan Officer Salary in Other New York Cities

Yonkers, NY
$96,638
Pop. 211,569
Albany, NY
$72,314
Pop. 99,224
Buffalo, NY
$68,370
Pop. 278,349
Rochester, NY
$67,055
Pop. 211,328

How to Become a Loan Officer in New York City

Education

Most loan officer positions require a bachelor's degree. New York City 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 New York City may vary based on local industry and population growth.

Find Loan Officer Jobs in New York City

Browse open loan officer positions in New York City, NY:

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Frequently Asked Questions: Loan Officer Salary in New York City

How much does a Loan Officer make in New York City, NY? ▼
The median loan officer salary in New York City, New York is $130,823 per year, which is 99.0% above the national median of $65,740. Salaries range from $70,048 (10th percentile) to $306,062 (90th percentile).
How much does a Loan Officer make per hour in New York City? ▼
Based on the median annual salary of $130,823, a loan officer in New York City earns approximately $63 per hour assuming a standard 2,080-hour work year.
How does New York City compare to the New York state average for loan officer pay? ▼
New York City's median loan officer salary of $130,823 is 48.5% above the New York state average of $88,092. The local cost of living index is 187% of the national average.
What is the cost of living in New York City, NY? ▼
New York City has a cost of living index of 187% compared to the national average. This means a loan officer salary of $130,823 in New York 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 New York City? ▼
Most loan officer positions in New York 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.