Business & Finance Colchester, VT Pop. 17,658

Loan Officer Salary in Colchester, Vermont

The median loan officer salary in Colchester, VT is $65,740 per year, which is 0.0% above the national median and 1% below the Vermont state average.

City Median
$65,740
vs State Avg
$-657
vs National
+$0
Cost of Living
100%

Loan Officer Salary in Colchester by Experience

In Colchester, an entry-level loan officer earns around $38,000, while experienced professionals earn up to $130,000 per year. The local cost of living index is 100% of the national average.

Entry Level (0-2 yrs)
$38,000
+$0 vs national
Mid Level (3-7 yrs)
$66,000
+$0 vs national
Senior Level (8+ yrs)
$130,000
+$0 vs national

Salary Percentiles in Colchester, VT

Percentile Colchester
10th Percentile $35,200
25th Percentile $45,400
Median (50th) $65,740
75th Percentile $100,000
90th Percentile $153,800

Loan Officer Salary in Other Vermont Cities

Burlington, VT
$72,314
Pop. 44,743
South Burlington, VT
$70,999
Pop. 20,292
Essex, VT
$67,055
Pop. 22,044
Rutland, VT
$59,166
Pop. 15,807

How to Become a Loan Officer in Colchester

Education

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

Find Loan Officer Jobs in Colchester

Browse open loan officer positions in Colchester, VT:

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Frequently Asked Questions: Loan Officer Salary in Colchester

How much does a Loan Officer make in Colchester, VT? ▼
The median loan officer salary in Colchester, Vermont is $65,740 per year, which is 0.0% above the national median of $65,740. Salaries range from $35,200 (10th percentile) to $153,800 (90th percentile).
How much does a Loan Officer make per hour in Colchester? ▼
Based on the median annual salary of $65,740, a loan officer in Colchester earns approximately $32 per hour assuming a standard 2,080-hour work year.
How does Colchester compare to the Vermont state average for loan officer pay? ▼
Colchester's median loan officer salary of $65,740 is 1% below the Vermont state average of $66,397. The local cost of living index is 100% of the national average.
What is the cost of living in Colchester, VT? ▼
Colchester has a cost of living index of 100% compared to the national average. This means a loan officer salary of $65,740 in Colchester has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Colchester? ▼
Most loan officer positions in Colchester 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.