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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
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.