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
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.