Business & Finance Allentown, PA
Pop. 126,092
Loan Officer Salary in Allentown, Pennsylvania
The median loan officer salary in Allentown, PA is $64,425 per year, which is 2% below the national median and 2% below the Pennsylvania state average.
City Median
$64,425
vs State Avg
$-1,315
vs National
$-1,315
Cost of Living
94%
Loan Officer Salary in Allentown by Experience
In Allentown, an entry-level loan officer earns around $37,240, while experienced professionals earn up to $127,400 per year. The local cost of living index is 94% of the national average.
Entry Level (0-2 yrs)
$37,240
$-760 vs national
Mid Level (3-7 yrs)
$64,680
$-1,320 vs national
Senior Level (8+ yrs)
$127,400
$-2,600 vs national
Salary Percentiles in Allentown, PA
| Percentile | Allentown |
|---|---|
| 10th Percentile | $34,496 |
| 25th Percentile | $44,492 |
| Median (50th) | $64,425 |
| 75th Percentile | $98,000 |
| 90th Percentile | $150,724 |
Loan Officer Salary in Other Pennsylvania Cities
How to Become a Loan Officer in Allentown
Education
Most loan officer positions require a bachelor's degree. Allentown and the surrounding Pennsylvania 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 Allentown may vary based on local industry and population growth.