Business & Finance South Burlington, VT Pop. 20,292

Loan Officer Salary in South Burlington, Vermont

The median loan officer salary in South Burlington, VT is $70,999 per year, which is 8.0% above the national median and 6.9% above the Vermont state average.

City Median
$70,999
vs State Avg
+$4,602
vs National
+$5,259
Cost of Living
108%

Loan Officer Salary in South Burlington by Experience

In South Burlington, an entry-level loan officer earns around $41,040, while experienced professionals earn up to $140,400 per year. The local cost of living index is 108% of the national average.

Entry Level (0-2 yrs)
$41,040
+$3,040 vs national
Mid Level (3-7 yrs)
$71,280
+$5,280 vs national
Senior Level (8+ yrs)
$140,400
+$10,400 vs national

Salary Percentiles in South Burlington, VT

Percentile South Burlington
10th Percentile $38,016
25th Percentile $49,032
Median (50th) $70,999
75th Percentile $108,000
90th Percentile $166,104

Loan Officer Salary in Other Vermont Cities

Burlington, VT
$72,314
Pop. 44,743
Essex, VT
$67,055
Pop. 22,044
Colchester, VT
$65,740
Pop. 17,658
Rutland, VT
$59,166
Pop. 15,807

How to Become a Loan Officer in South Burlington

Education

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

Find Loan Officer Jobs in South Burlington

Browse open loan officer positions in South Burlington, VT:

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Frequently Asked Questions: Loan Officer Salary in South Burlington

How much does a Loan Officer make in South Burlington, VT? ▼
The median loan officer salary in South Burlington, Vermont is $70,999 per year, which is 8.0% above the national median of $65,740. Salaries range from $38,016 (10th percentile) to $166,104 (90th percentile).
How much does a Loan Officer make per hour in South Burlington? ▼
Based on the median annual salary of $70,999, a loan officer in South Burlington earns approximately $34 per hour assuming a standard 2,080-hour work year.
How does South Burlington compare to the Vermont state average for loan officer pay? ▼
South Burlington's median loan officer salary of $70,999 is 6.9% above the Vermont state average of $66,397. The local cost of living index is 108% of the national average.
What is the cost of living in South Burlington, VT? ▼
South Burlington has a cost of living index of 108% compared to the national average. This means a loan officer salary of $70,999 in South Burlington has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in South Burlington? ▼
Most loan officer positions in South Burlington 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.