Business & Finance Tacoma, WA Pop. 219,346

Loan Officer Salary in Tacoma, Washington

The median loan officer salary in Tacoma, WA is $72,314 per year, which is 10.0% above the national median and 4.3% below the Washington state average.

City Median
$72,314
vs State Avg
$-3,287
vs National
+$6,574
Cost of Living
110%

Loan Officer Salary in Tacoma by Experience

In Tacoma, an entry-level loan officer earns around $41,800, while experienced professionals earn up to $143,000 per year. The local cost of living index is 110% of the national average.

Entry Level (0-2 yrs)
$41,800
+$3,800 vs national
Mid Level (3-7 yrs)
$72,600
+$6,600 vs national
Senior Level (8+ yrs)
$143,000
+$13,000 vs national

Salary Percentiles in Tacoma, WA

Percentile Tacoma
10th Percentile $38,720
25th Percentile $49,940
Median (50th) $72,314
75th Percentile $110,000
90th Percentile $169,180

Loan Officer Salary in Other Washington Cities

Bellevue, WA
$99,925
Pop. 151,854
Seattle, WA
$97,295
Pop. 737,015
Vancouver, WA
$67,055
Pop. 190,915
Spokane, WA
$60,481
Pop. 228,989

How to Become a Loan Officer in Tacoma

Education

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

Find Loan Officer Jobs in Tacoma

Browse open loan officer positions in Tacoma, WA:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Loan Officer Salary in Tacoma

How much does a Loan Officer make in Tacoma, WA? ▼
The median loan officer salary in Tacoma, Washington is $72,314 per year, which is 10.0% above the national median of $65,740. Salaries range from $38,720 (10th percentile) to $169,180 (90th percentile).
How much does a Loan Officer make per hour in Tacoma? ▼
Based on the median annual salary of $72,314, a loan officer in Tacoma earns approximately $35 per hour assuming a standard 2,080-hour work year.
How does Tacoma compare to the Washington state average for loan officer pay? ▼
Tacoma's median loan officer salary of $72,314 is 4.3% below the Washington state average of $75,601. The local cost of living index is 110% of the national average.
What is the cost of living in Tacoma, WA? ▼
Tacoma has a cost of living index of 110% compared to the national average. This means a loan officer salary of $72,314 in Tacoma has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Tacoma? ▼
Most loan officer positions in Tacoma 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.