Business & Finance Philadelphia, PA
Pop. 1,603,797
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.
City Median
$69,684
vs State Avg
+$3,944
vs National
+$3,944
Cost of Living
102%
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.
Entry Level (0-2 yrs)
$40,280
+$2,280 vs national
Mid Level (3-7 yrs)
$69,960
+$3,960 vs national
Senior Level (8+ yrs)
$137,800
+$7,800 vs national
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
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 Philadelphia may vary based on local industry and population growth.