Business & Finance Erie, PA Pop. 94,831

Loan Officer Salary in Erie, Pennsylvania

The median loan officer salary in Erie, PA is $57,851 per year, which is 12% below the national median and 12% below the Pennsylvania state average.

City Median
$57,851
vs State Avg
$-7,889
vs National
$-7,889
Cost of Living
84%

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

Erie offers a median loan officer salary of $57,851, which is $7,889 below the Pennsylvania state average of $65,740. Compared to the national median of $65,740, Erie pays below the national benchmark for this role.

One of Erie's biggest advantages is its low cost of living at 84% of the national average. This means the $57,851 salary stretches further here — equivalent to roughly $68,870 in an average-cost city. This makes Erie an attractive option for loan officers seeking strong real-dollar compensation.

The salary range for loan officers in Erie spans from $30,976 at the 10th percentile to $135,344 at the 90th percentile — a $104,368 spread. Entry-level professionals start around $33,440, while senior loan officers with 8+ years of experience can earn up to $114,400. Erie is a smaller market (pop. 94,831), which may mean fewer openings but also less competition for available positions.

Loan Officer Salary in Erie by Experience

In Erie, an entry-level loan officer earns around $33,440, while experienced professionals earn up to $114,400 per year. The local cost of living index is 84% of the national average.

Entry Level (0-2 yrs)
$33,440
$-4,560 vs national
Mid Level (3-7 yrs)
$58,080
$-7,920 vs national
Senior Level (8+ yrs)
$114,400
$-15,600 vs national

Salary Percentiles in Erie, PA

Percentile Erie
10th Percentile $30,976
25th Percentile $39,952
Median (50th) $57,851
75th Percentile $88,000
90th Percentile $135,344

Loan Officer Salary in Other Pennsylvania Cities

Philadelphia, PA
$69,684
Pop. 1,603,797
Allentown, PA
$64,425
Pop. 126,092
Pittsburgh, PA
$63,768
Pop. 302,971
Reading, PA
$60,481
Pop. 95,112

How to Become a Loan Officer in Erie

Education

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

Find Loan Officer Jobs in Erie

Browse open loan officer positions in Erie, PA:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Loan Officer Salary in Erie

How much does a Loan Officer make in Erie, PA? ▼
The median loan officer salary in Erie, Pennsylvania is $57,851 per year, which is 12% below the national median of $65,740. Salaries range from $30,976 (10th percentile) to $135,344 (90th percentile).
How much does a Loan Officer make per hour in Erie? ▼
Based on the median annual salary of $57,851, a loan officer in Erie earns approximately $28 per hour assuming a standard 2,080-hour work year.
How does Erie compare to the Pennsylvania state average for loan officer pay? ▼
Erie's median loan officer salary of $57,851 is 12% below the Pennsylvania state average of $65,740. The local cost of living index is 84% of the national average.
What is the cost of living in Erie, PA? ▼
Erie has a cost of living index of 84% compared to the national average. This means a loan officer salary of $57,851 in Erie has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Erie? ▼
Most loan officer positions in Erie 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.