Business & Finance Reading, PA Pop. 95,112

Loan Officer Salary in Reading, Pennsylvania

The median loan officer salary in Reading, PA is $60,481 per year, which is 8% below the national median and 8% below the Pennsylvania state average.

City Median
$60,481
vs State Avg
$-5,259
vs National
$-5,259
Cost of Living
88%

Loan Officer Salary in Reading by Experience

In Reading, an entry-level loan officer earns around $34,960, while experienced professionals earn up to $119,600 per year. The local cost of living index is 88% of the national average.

Entry Level (0-2 yrs)
$34,960
$-3,040 vs national
Mid Level (3-7 yrs)
$60,720
$-5,280 vs national
Senior Level (8+ yrs)
$119,600
$-10,400 vs national

Salary Percentiles in Reading, PA

Percentile Reading
10th Percentile $32,384
25th Percentile $41,768
Median (50th) $60,481
75th Percentile $92,000
90th Percentile $141,496

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
Erie, PA
$57,851
Pop. 94,831

How to Become a Loan Officer in Reading

Education

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

Find Loan Officer Jobs in Reading

Browse open loan officer positions in Reading, PA:

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Frequently Asked Questions: Loan Officer Salary in Reading

How much does a Loan Officer make in Reading, PA? ▼
The median loan officer salary in Reading, Pennsylvania is $60,481 per year, which is 8% below the national median of $65,740. Salaries range from $32,384 (10th percentile) to $141,496 (90th percentile).
How much does a Loan Officer make per hour in Reading? ▼
Based on the median annual salary of $60,481, a loan officer in Reading earns approximately $29 per hour assuming a standard 2,080-hour work year.
How does Reading compare to the Pennsylvania state average for loan officer pay? ▼
Reading's median loan officer salary of $60,481 is 8% below the Pennsylvania state average of $65,740. The local cost of living index is 88% of the national average.
What is the cost of living in Reading, PA? ▼
Reading has a cost of living index of 88% compared to the national average. This means a loan officer salary of $60,481 in Reading has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Reading? ▼
Most loan officer positions in Reading 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.