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 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
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.