Business & Finance Portland, OR Pop. 652,503

Loan Officer Salary in Portland, Oregon

The median loan officer salary in Portland, OR is $77,573 per year, which is 18.0% above the national median and 7.3% above the Oregon state average.

City Median
$77,573
vs State Avg
+$5,259
vs National
+$11,833
Cost of Living
118%

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

Portland offers a median loan officer salary of $77,573, which is $5,259 above the Oregon state average of $72,314. Compared to the national median of $65,740, Portland pays above average for this role.

However, Portland's cost of living index is 118%, significantly above the national average. After adjusting for local costs, the $77,573 salary has an effective purchasing power of approximately $65,740. Housing, transportation, and food costs in Portland should be factored into any relocation or job-change decision.

The salary range for loan officers in Portland spans from $41,536 at the 10th percentile to $181,484 at the 90th percentile — a $139,948 spread. Entry-level professionals start around $44,840, while senior loan officers with 8+ years of experience can earn up to $153,400. As a major metro area with a population of 652,503, Portland typically offers more job opportunities and employer competition, which can drive salaries higher.

Loan Officer Salary in Portland by Experience

In Portland, an entry-level loan officer earns around $44,840, while experienced professionals earn up to $153,400 per year. The local cost of living index is 118% of the national average.

Entry Level (0-2 yrs)
$44,840
+$6,840 vs national
Mid Level (3-7 yrs)
$77,880
+$11,880 vs national
Senior Level (8+ yrs)
$153,400
+$23,400 vs national

Salary Percentiles in Portland, OR

Percentile Portland
10th Percentile $41,536
25th Percentile $53,572
Median (50th) $77,573
75th Percentile $118,000
90th Percentile $181,484

Loan Officer Salary in Other Oregon Cities

Hillsboro, OR
$73,629
Pop. 106,447
Gresham, OR
$70,999
Pop. 113,103
Eugene, OR
$69,027
Pop. 176,654
Salem, OR
$67,055
Pop. 175,535

How to Become a Loan Officer in Portland

Education

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

Find Loan Officer Jobs in Portland

Browse open loan officer positions in Portland, OR:

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Frequently Asked Questions: Loan Officer Salary in Portland

How much does a Loan Officer make in Portland, OR? ▼
The median loan officer salary in Portland, Oregon is $77,573 per year, which is 18.0% above the national median of $65,740. Salaries range from $41,536 (10th percentile) to $181,484 (90th percentile).
How much does a Loan Officer make per hour in Portland? ▼
Based on the median annual salary of $77,573, a loan officer in Portland earns approximately $37 per hour assuming a standard 2,080-hour work year.
How does Portland compare to the Oregon state average for loan officer pay? ▼
Portland's median loan officer salary of $77,573 is 7.3% above the Oregon state average of $72,314. The local cost of living index is 118% of the national average.
What is the cost of living in Portland, OR? ▼
Portland has a cost of living index of 118% compared to the national average. This means a loan officer salary of $77,573 in Portland has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Portland? ▼
Most loan officer positions in Portland 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.