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

Philadelphia, PA
$69,684
Pop. 1,603,797
Pittsburgh, PA
$63,768
Pop. 302,971
Reading, PA
$60,481
Pop. 95,112
Erie, PA
$57,851
Pop. 94,831

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.

Find Loan Officer Jobs in Allentown

Browse open loan officer positions in Allentown, PA:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Loan Officer Salary in Allentown

How much does a Loan Officer make in Allentown, PA? ▼
The median loan officer salary in Allentown, Pennsylvania is $64,425 per year, which is 2% below the national median of $65,740. Salaries range from $34,496 (10th percentile) to $150,724 (90th percentile).
How much does a Loan Officer make per hour in Allentown? ▼
Based on the median annual salary of $64,425, a loan officer in Allentown earns approximately $31 per hour assuming a standard 2,080-hour work year.
How does Allentown compare to the Pennsylvania state average for loan officer pay? ▼
Allentown's median loan officer salary of $64,425 is 2% below the Pennsylvania state average of $65,740. The local cost of living index is 94% of the national average.
What is the cost of living in Allentown, PA? ▼
Allentown has a cost of living index of 94% compared to the national average. This means a loan officer salary of $64,425 in Allentown has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Allentown? ▼
Most loan officer positions in Allentown 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.