Loan Officer Salary in Colorado
Based on 3K+ workers in Colorado
Median Annual Salary (CO)
$94,520
$45.44/hr
vs National Average
$76,354
+23.8% vs national median
Salary Range (10th–90th)
$39K – $165K
3K employed in Colorado
Loan Officer salary in Colorado averages $94,520 per year, positioning the state well above the national average at 24% higher. With approximately 3,230 loan officers currently employed across Colorado, the profession offers competitive compensation. Salaries in this field range from $39,430 to $165,370 annually, reflecting significant variation based on individual circumstances and career progression.
Several factors influence earning potential for loan officers in Colorado, including experience level, employer size, and specialization within the lending industry. Geographic location within the state, educational background, and professional certifications also play important roles in determining compensation. Additionally, the performance metrics such as loan volume and customer relationships can directly impact earnings, particularly for those earning commission-based compensation.
Salary Distribution — Loan Officer in Colorado
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $39,430 |
| 25th percentile | $60,730 |
| Median (50th percentile) | $94,520 |
| 75th percentile | $125,430 |
| 90th percentile | $165,370 |
Top-Paying Industries for Loan Officer (U.S.)
Which industries pay Loan Officers the most — nationwide figures (industry-level data is not available by state). Loan Officers in Colorado tend to follow these industry patterns.
| Industry (U.S.) | Median Salary | Employed (U.S.) |
|---|---|---|
| Retail Trade | $103,260 | 12K |
| Real Estate and Rental and Leasing | $84,090 | 3K |
| Government (excl. schools, hospitals & USPS) | $81,330 | 6K |
| Management of Companies and Enterprises | $79,570 | 12K |
| Other Services (except Public Administration) | $77,140 | 560 |
Source: U.S. BLS OEWS National Industry-Specific estimates, May 2025. National figures (not state-specific).
Historical Salary Trend — Loan Officer in Colorado vs National
| Year | Median Salary (Colorado) |
|---|---|
| 2022 | $73,980 |
| 2023 | $76,170 |
| 2024 | $79,800 |
| 2025 | $94,520 |
| 2026 (projected) | $100,191 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | Colorado Median | National Median |
|---|---|---|
| 2022 | $73,980 | $68,453 |
| 2023 | $76,170 | $70,692 |
| 2024 | $79,800 | $73,485 |
| 2025 | $94,520 | $76,354 |
| 2026 (projected) | $100,191 | $80,935 |
Loan Officer Salary by Experience Level in Colorado
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $60,730 |
| Mid-level | 3-5 yrs | $94,520 |
| Senior | 6-9 yrs | $125,430 |
| Staff / Lead | 10+ yrs | $165,370 |
Loan Officer Salary in Other States
Related Loan Officer Salaries in Colorado
How other high-demand occupations in Colorado compare to Loan Officer ($94,520 median).
| Occupation | Median Salary | vs Loan Officer | Hourly |
|---|---|---|---|
| Financial Manager in CO | $182,690 | +93.3% | $87.83/hr |
| Economist in CO | $121,410 | +28.4% | $58.37/hr |
| Actuary in CO | $120,440 | +27.4% | $57.90/hr |
| Financial Analyst in CO | $103,850 | +9.9% | $49.93/hr |
| Financial Examiner in CO | $99,610 | +5.4% | $47.89/hr |
| Budget Analyst in CO | $97,100 | +2.7% | $46.68/hr |
| Accountant in CO | $97,030 | +2.7% | $46.65/hr |
| Personal Financial Advisor in CO | $89,280 | -5.5% | $42.92/hr |
| Tax Examiner in CO | $87,430 | -7.5% | $42.03/hr |
| Compliance Officer in CO | $82,450 | -12.8% | $39.64/hr |
| Credit Analyst in CO | $81,270 | -14.0% | $39.07/hr |
| Insurance Sales Agent in CO | $68,730 | -27.3% | $33.04/hr |
Frequently Asked Questions
How much do loan officers make in Colorado?
- Loan officers in Colorado earn a median salary of $94,520 per year, or approximately $45 per hour. This is 23.8% higher than the national average for this position.
What is the salary range for loan officers in Colorado?
- Loan officer salaries in Colorado range from $39,430 at the lower end to $165,370 at the higher end, reflecting differences in experience, education, and employer type.
How many loan officers work in Colorado?
- There are approximately 3,230 loan officers currently employed in Colorado, indicating a substantial job market for this profession in the state.
Is the loan officer salary in Colorado above the national average?
- Yes, Colorado's median loan officer salary of $94,520 is significantly above the national average, exceeding it by 23.8%, making it a competitive market for this role.