Business & Finance Rochester, NY Pop. 211,328

Loan Officer Salary in Rochester, New York

The median loan officer salary in Rochester, NY is $67,055 per year, which is 2.0% above the national median and 23.9% below the New York state average.

City Median
$67,055
vs State Avg
$-21,037
vs National
+$1,315
Cost of Living
90%

Loan Officer Salary in Rochester by Experience

In Rochester, an entry-level loan officer earns around $38,760, while experienced professionals earn up to $132,600 per year. The local cost of living index is 90% of the national average.

Entry Level (0-2 yrs)
$38,760
+$760 vs national
Mid Level (3-7 yrs)
$67,320
+$1,320 vs national
Senior Level (8+ yrs)
$132,600
+$2,600 vs national

Salary Percentiles in Rochester, NY

Percentile Rochester
10th Percentile $35,904
25th Percentile $46,308
Median (50th) $67,055
75th Percentile $102,000
90th Percentile $156,876

Loan Officer Salary in Other New York Cities

New York City, NY
$130,823
Pop. 8,336,817
Yonkers, NY
$96,638
Pop. 211,569
Albany, NY
$72,314
Pop. 99,224
Buffalo, NY
$68,370
Pop. 278,349

How to Become a Loan Officer in Rochester

Education

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

Find Loan Officer Jobs in Rochester

Browse open loan officer positions in Rochester, NY:

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Frequently Asked Questions: Loan Officer Salary in Rochester

How much does a Loan Officer make in Rochester, NY? ▼
The median loan officer salary in Rochester, New York is $67,055 per year, which is 2.0% above the national median of $65,740. Salaries range from $35,904 (10th percentile) to $156,876 (90th percentile).
How much does a Loan Officer make per hour in Rochester? ▼
Based on the median annual salary of $67,055, a loan officer in Rochester earns approximately $32 per hour assuming a standard 2,080-hour work year.
How does Rochester compare to the New York state average for loan officer pay? ▼
Rochester's median loan officer salary of $67,055 is 23.9% below the New York state average of $88,092. The local cost of living index is 90% of the national average.
What is the cost of living in Rochester, NY? ▼
Rochester has a cost of living index of 90% compared to the national average. This means a loan officer salary of $67,055 in Rochester has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Rochester? ▼
Most loan officer positions in Rochester 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.