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
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.