Business & Finance Oregon (OR) Rank #10 of 50

Loan Officer Salary in Oregon

The median loan officer salary in Oregon is $72,314 per year, which is 10.0% above the national median of $65,740.

Median Salary
$72,314
vs National
+$6,574
State Rank
#10 of 50
Cost of Living
110%

Loan Officer Salary Overview in Oregon (2026)

Oregon ranks #10 out of 50 states for loan officer compensation. This places Oregon in the top tier nationally, making it one of the best states for loan officers seeking high pay. At $72,314 per year, loan officers in Oregon earn $6,574 more than the national median of $65,740.

It's worth noting that Oregon's cost of living is 110% of the national average, which reduces the real purchasing power of the $72,314 salary. After adjusting for cost of living, the effective salary is closer to $65,740.

The salary spread in Oregon is significant: loan officers at the 10th percentile earn $38,720, while those at the 90th percentile bring home $169,180 — a $130,460 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Oregon for this role is Portland, where the median reaches $77,573.

Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). This steady growth indicates stable demand for loan officers across the country.

Loan Officer Salary in Oregon by Experience

In Oregon, an entry-level loan officer earns around $41,800, while experienced professionals earn up to $143,000 per year. The cost of living index in Oregon is 110% of the national average.

Entry Level (0-2 yrs)
$41,800
+$3,800 vs national
Mid Level (3-7 yrs)
$72,600
+$6,600 vs national
Senior Level (8+ yrs)
$143,000
+$13,000 vs national

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Salary Percentiles in Oregon

Percentile OR Salary
10th Percentile $38,720
25th Percentile $49,940
Median (50th) $72,314
75th Percentile $110,000
90th Percentile $169,180

Loan Officer Salary by City in Oregon

The largest employment areas for loan officers in Oregon include Portland, Salem, Eugene, and Gresham. Salaries vary by city based on local cost of living and demand.

How to Become a Loan Officer in Oregon

Education

Most loan officer positions require a bachelor's degree. Oregon has several accredited institutions offering relevant programs.

Key Skills

Credit AnalysisMortgage LendingCustomer ServiceRegulatory ComplianceSalesFinancial Software

Job Outlook in Oregon

Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). Oregon's demand may vary based on local industry trends.

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Frequently Asked Questions: Loan Officer Salary in Oregon

How much does a Loan Officer make in Oregon? ▼
The median loan officer salary in Oregon is $72,314 per year, which is 10.0% above the national median of $65,740. Salaries range from $38,720 (10th percentile) to $169,180 (90th percentile).
How much does a Loan Officer make per hour in Oregon? ▼
Based on the median annual salary of $72,314, a loan officer in Oregon earns approximately $35 per hour assuming a standard 2,080-hour work year.
Is Oregon a good state for loan officers? ▼
Oregon ranks #10 out of 50 states for loan officer pay. The cost of living index is 110% of the national average. Entry-level loan officers earn $41,800, while senior professionals earn $143,000.
How does Oregon compare to other states for loan officer salary? ▼
The highest paying state for loan officers is Hawaii at $111,758. Oregon's median of $72,314 ranks #10 nationally. Nearby-ranked states include Maryland ($75,601) and Washington ($75,601).
What is the entry-level loan officer salary in Oregon? ▼
An entry-level loan officer in Oregon earns approximately $41,800 per year. With 3-7 years of experience, pay increases to around $72,600. Senior-level professionals with 8+ years earn up to $143,000.
What city in Oregon pays loan officers the most? ▼
Portland is the highest paying city in Oregon for loan officers, with a median salary of $77,573. Other cities include Salem and Eugene.