Business & Finance Yonkers, NY Pop. 211,569

Loan Officer Salary in Yonkers, New York

The median loan officer salary in Yonkers, NY is $96,638 per year, which is 47.0% above the national median and 9.7% above the New York state average.

City Median
$96,638
vs State Avg
+$8,546
vs National
+$30,898
Cost of Living
135%

Loan Officer Pay in Yonkers: What to Expect (2026)

Yonkers offers a median loan officer salary of $96,638, which is $8,546 above the New York state average of $88,092. Compared to the national median of $65,740, Yonkers pays above average for this role.

However, Yonkers's cost of living index is 135%, significantly above the national average. After adjusting for local costs, the $96,638 salary has an effective purchasing power of approximately $71,584. Housing, transportation, and food costs in Yonkers should be factored into any relocation or job-change decision.

The salary range for loan officers in Yonkers spans from $51,744 at the 10th percentile to $226,086 at the 90th percentile — a $174,342 spread. Entry-level professionals start around $55,860, while senior loan officers with 8+ years of experience can earn up to $191,100. With a population of 211,569, Yonkers is a mid-sized metro with a growing job market.

Loan Officer Salary in Yonkers by Experience

In Yonkers, an entry-level loan officer earns around $55,860, while experienced professionals earn up to $191,100 per year. The local cost of living index is 135% of the national average.

Entry Level (0-2 yrs)
$55,860
+$17,860 vs national
Mid Level (3-7 yrs)
$97,020
+$31,020 vs national
Senior Level (8+ yrs)
$191,100
+$61,100 vs national

Salary Percentiles in Yonkers, NY

Percentile Yonkers
10th Percentile $51,744
25th Percentile $66,738
Median (50th) $96,638
75th Percentile $147,000
90th Percentile $226,086

Loan Officer Salary in Other New York Cities

New York City, NY
$130,823
Pop. 8,336,817
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 Yonkers

Education

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

Find Loan Officer Jobs in Yonkers

Browse open loan officer positions in Yonkers, NY:

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Frequently Asked Questions: Loan Officer Salary in Yonkers

How much does a Loan Officer make in Yonkers, NY? ▼
The median loan officer salary in Yonkers, New York is $96,638 per year, which is 47.0% above the national median of $65,740. Salaries range from $51,744 (10th percentile) to $226,086 (90th percentile).
How much does a Loan Officer make per hour in Yonkers? ▼
Based on the median annual salary of $96,638, a loan officer in Yonkers earns approximately $46 per hour assuming a standard 2,080-hour work year.
How does Yonkers compare to the New York state average for loan officer pay? ▼
Yonkers's median loan officer salary of $96,638 is 9.7% above the New York state average of $88,092. The local cost of living index is 135% of the national average.
What is the cost of living in Yonkers, NY? ▼
Yonkers has a cost of living index of 135% compared to the national average. This means a loan officer salary of $96,638 in Yonkers has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Yonkers? ▼
Most loan officer positions in Yonkers 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.