Business & Finance Salem, OR Pop. 175,535

Loan Officer Salary in Salem, Oregon

The median loan officer salary in Salem, OR is $67,055 per year, which is 2.0% above the national median and 7.3% below the Oregon state average.

City Median
$67,055
vs State Avg
$-5,259
vs National
+$1,315
Cost of Living
102%

Loan Officer Salary in Salem by Experience

In Salem, 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 102% 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 Salem, OR

Percentile Salem
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 Oregon Cities

Portland, OR
$77,573
Pop. 652,503
Hillsboro, OR
$73,629
Pop. 106,447
Gresham, OR
$70,999
Pop. 113,103
Eugene, OR
$69,027
Pop. 176,654

How to Become a Loan Officer in Salem

Education

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

Find Loan Officer Jobs in Salem

Browse open loan officer positions in Salem, OR:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Loan Officer Salary in Salem

How much does a Loan Officer make in Salem, OR? ▼
The median loan officer salary in Salem, Oregon 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 Salem? ▼
Based on the median annual salary of $67,055, a loan officer in Salem earns approximately $32 per hour assuming a standard 2,080-hour work year.
How does Salem compare to the Oregon state average for loan officer pay? ▼
Salem's median loan officer salary of $67,055 is 7.3% below the Oregon state average of $72,314. The local cost of living index is 102% of the national average.
What is the cost of living in Salem, OR? ▼
Salem has a cost of living index of 102% compared to the national average. This means a loan officer salary of $67,055 in Salem has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Salem? ▼
Most loan officer positions in Salem 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.