Business & Finance Rutland, VT Pop. 15,807

Loan Officer Salary in Rutland, Vermont

The median loan officer salary in Rutland, VT is $59,166 per year, which is 10% below the national median and 10.9% below the Vermont state average.

City Median
$59,166
vs State Avg
$-7,231
vs National
$-6,574
Cost of Living
90%

Loan Officer Salary in Rutland by Experience

In Rutland, an entry-level loan officer earns around $34,200, while experienced professionals earn up to $117,000 per year. The local cost of living index is 90% of the national average.

Entry Level (0-2 yrs)
$34,200
$-3,800 vs national
Mid Level (3-7 yrs)
$59,400
$-6,600 vs national
Senior Level (8+ yrs)
$117,000
$-13,000 vs national

Salary Percentiles in Rutland, VT

Percentile Rutland
10th Percentile $31,680
25th Percentile $40,860
Median (50th) $59,166
75th Percentile $90,000
90th Percentile $138,420

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
Colchester, VT
$65,740
Pop. 17,658

How to Become a Loan Officer in Rutland

Education

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

Find Loan Officer Jobs in Rutland

Browse open loan officer positions in Rutland, VT:

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Frequently Asked Questions: Loan Officer Salary in Rutland

How much does a Loan Officer make in Rutland, VT? ▼
The median loan officer salary in Rutland, Vermont is $59,166 per year, which is 10% below the national median of $65,740. Salaries range from $31,680 (10th percentile) to $138,420 (90th percentile).
How much does a Loan Officer make per hour in Rutland? ▼
Based on the median annual salary of $59,166, a loan officer in Rutland earns approximately $28 per hour assuming a standard 2,080-hour work year.
How does Rutland compare to the Vermont state average for loan officer pay? ▼
Rutland's median loan officer salary of $59,166 is 10.9% below the Vermont state average of $66,397. The local cost of living index is 90% of the national average.
What is the cost of living in Rutland, VT? ▼
Rutland has a cost of living index of 90% compared to the national average. This means a loan officer salary of $59,166 in Rutland has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Rutland? ▼
Most loan officer positions in Rutland 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.