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.
Loan Officer Pay in New York City: What to Expect (2026)
New York City offers a median loan officer salary of $130,823, which is $42,731 above the New York state average of $88,092. Compared to the national median of $65,740, New York City pays above average for this role.
However, New York City's cost of living index is 187%, significantly above the national average. After adjusting for local costs, the $130,823 salary has an effective purchasing power of approximately $69,959. Housing, transportation, and food costs in New York City should be factored into any relocation or job-change decision.
The salary range for loan officers in New York City spans from $70,048 at the 10th percentile to $306,062 at the 90th percentile — a $236,014 spread. Entry-level professionals start around $75,620, while senior loan officers with 8+ years of experience can earn up to $258,700. As a major metro area with a population of 8,336,817, New York City typically offers more job opportunities and employer competition, which can drive salaries higher.
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.
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
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
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: