Business & Finance West Virginia (WV) Rank #49 of 50

Loan Officer Salary in West Virginia

The median loan officer salary in West Virginia is $55,222 per year, which is 16% below the national median of $65,740.

Median Salary
$55,222
vs National
$-10,518
State Rank
#49 of 50
Cost of Living
84%

Loan Officer Salary Overview in West Virginia (2026)

West Virginia ranks #49 out of 50 states for loan officer compensation. Loan Officer salaries in West Virginia are below the national median, though the lower cost of living can offset the difference. At $55,222 per year, loan officers in West Virginia earn $10,518 less than the national median of $65,740.

A key advantage of working in West Virginia is its below-average cost of living (84% of the national index). This means the $55,222 salary has the purchasing power of roughly $65,740 in an average-cost area.

The salary spread in West Virginia is significant: loan officers at the 10th percentile earn $29,568, while those at the 90th percentile bring home $129,192 — a $99,624 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in West Virginia for this role is Morgantown, where the median reaches $59,166.

Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). This steady growth indicates stable demand for loan officers across the country.

Loan Officer Salary in West Virginia by Experience

In West Virginia, an entry-level loan officer earns around $31,920, while experienced professionals earn up to $109,200 per year. The cost of living index in West Virginia is 84% of the national average.

Entry Level (0-2 yrs)
$31,920
$-6,080 vs national
Mid Level (3-7 yrs)
$55,440
$-10,560 vs national
Senior Level (8+ yrs)
$109,200
$-20,800 vs national

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Salary Percentiles in West Virginia

Percentile WV Salary
10th Percentile $29,568
25th Percentile $38,136
Median (50th) $55,222
75th Percentile $84,000
90th Percentile $129,192

Loan Officer Salary by City in West Virginia

The largest employment areas for loan officers in West Virginia include Charleston, Huntington, Morgantown, and Parkersburg. Salaries vary by city based on local cost of living and demand.

How to Become a Loan Officer in West Virginia

Education

Most loan officer positions require a bachelor's degree. West Virginia has several accredited institutions offering relevant programs.

Key Skills

Credit AnalysisMortgage LendingCustomer ServiceRegulatory ComplianceSalesFinancial Software

Job Outlook in West Virginia

Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). West Virginia's demand may vary based on local industry trends.

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Frequently Asked Questions: Loan Officer Salary in West Virginia

How much does a Loan Officer make in West Virginia? ▼
The median loan officer salary in West Virginia is $55,222 per year, which is 16% below the national median of $65,740. Salaries range from $29,568 (10th percentile) to $129,192 (90th percentile).
How much does a Loan Officer make per hour in West Virginia? ▼
Based on the median annual salary of $55,222, a loan officer in West Virginia earns approximately $27 per hour assuming a standard 2,080-hour work year.
Is West Virginia a good state for loan officers? ▼
West Virginia ranks #49 out of 50 states for loan officer pay. The cost of living index is 84% of the national average. Entry-level loan officers earn $31,920, while senior professionals earn $109,200.
How does West Virginia compare to other states for loan officer salary? ▼
The highest paying state for loan officers is Hawaii at $111,758. West Virginia's median of $55,222 ranks #49 nationally. Nearby-ranked states include Oklahoma ($56,536) and Arkansas ($55,222).
What is the entry-level loan officer salary in West Virginia? ▼
An entry-level loan officer in West Virginia earns approximately $31,920 per year. With 3-7 years of experience, pay increases to around $55,440. Senior-level professionals with 8+ years earn up to $109,200.
What city in West Virginia pays loan officers the most? ▼
Morgantown is the highest paying city in West Virginia for loan officers, with a median salary of $59,166. Other cities include Charleston and Huntington.