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.
Loan Officer Pay in Salem: What to Expect (2026)
Salem offers a median loan officer salary of $67,055, which is $5,259 below the Oregon state average of $72,314. Compared to the national median of $65,740, Salem pays above average for this role.
Salem's cost of living is 102% of the national average, meaning salary figures here closely reflect actual purchasing power. This makes direct comparisons to other cities straightforward.
The salary range for loan officers in Salem spans from $35,904 at the 10th percentile to $156,876 at the 90th percentile — a $120,972 spread. Entry-level professionals start around $38,760, while senior loan officers with 8+ years of experience can earn up to $132,600. With a population of 175,535, Salem is a mid-sized metro with a growing job market.
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.
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
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
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: