Loan Officer Salary in Philadelphia, Pennsylvania
The median loan officer salary in Philadelphia, PA is $69,684 per year, which is 6.0% above the national median and 6.0% above the Pennsylvania state average.
Loan Officer Pay in Philadelphia: What to Expect (2026)
Philadelphia offers a median loan officer salary of $69,684, which is $3,944 above the Pennsylvania state average of $65,740. Compared to the national median of $65,740, Philadelphia pays above average for this role.
Philadelphia'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 Philadelphia spans from $37,312 at the 10th percentile to $163,028 at the 90th percentile — a $125,716 spread. Entry-level professionals start around $40,280, while senior loan officers with 8+ years of experience can earn up to $137,800. As a major metro area with a population of 1,603,797, Philadelphia typically offers more job opportunities and employer competition, which can drive salaries higher.
Loan Officer Salary in Philadelphia by Experience
In Philadelphia, an entry-level loan officer earns around $40,280, while experienced professionals earn up to $137,800 per year. The local cost of living index is 102% of the national average.
Salary Percentiles in Philadelphia, PA
| Percentile | Philadelphia |
|---|---|
| 10th Percentile | $37,312 |
| 25th Percentile | $48,124 |
| Median (50th) | $69,684 |
| 75th Percentile | $106,000 |
| 90th Percentile | $163,028 |
Loan Officer Salary in Other Pennsylvania Cities
How to Become a Loan Officer in Philadelphia
Education
Most loan officer positions require a bachelor's degree. Philadelphia and the surrounding Pennsylvania 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 Philadelphia may vary based on local industry and population growth.
Find Loan Officer Jobs in Philadelphia
Browse open loan officer positions in Philadelphia, PA: