Loan Officer Salary in New Jersey
Based on 6K+ workers in New Jersey
Median Annual Salary (NJ)
$92,920
$44.67/hr
vs National Average
$76,354
+21.7% vs national median
Salary Range (10th–90th)
$50K – $169K
6K employed in New Jersey
The median **Loan Officer salary in New Jersey** stands at a robust $92,920 annually, placing it a significant 22% above the national average. This indicates a strong earning potential for these professionals within the Garden State. Currently, approximately 6,200 Loan Officers are employed across New Jersey, reflecting a healthy job market for this role.
Several factors influence a Loan Officer's earning potential in New Jersey. Experience level plays a crucial role, with senior officers commanding higher salaries. Additionally, the specific type of lending institution, geographic location within New Jersey, and the volume and complexity of loans handled can all impact compensation. Performance-based bonuses and commission structures are also common.
Salary Distribution — Loan Officer in New Jersey
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $50,490 |
| 25th percentile | $62,740 |
| Median (50th percentile) | $92,920 |
| 75th percentile | $131,870 |
| 90th percentile | $169,280 |
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 New Jersey 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 New Jersey vs National
| Year | Median Salary (New Jersey) |
|---|---|
| 2022 | $80,790 |
| 2023 | $82,560 |
| 2024 | $95,090 |
| 2025 | $92,920 |
| 2026 (projected) | $92,920 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | New Jersey Median | National Median |
|---|---|---|
| 2022 | $80,790 | $68,453 |
| 2023 | $82,560 | $70,692 |
| 2024 | $95,090 | $73,485 |
| 2025 | $92,920 | $76,354 |
| 2026 (projected) | $92,920 | $76,354 |
Loan Officer Salary by Experience Level in New Jersey
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $62,740 |
| Mid-level | 3-5 yrs | $92,920 |
| Senior | 6-9 yrs | $131,870 |
| Staff / Lead | 10+ yrs | $169,280 |
Loan Officer Salary in Other States
Related Loan Officer Salaries in New Jersey
How other high-demand occupations in New Jersey compare to Loan Officer ($92,920 median).
| Occupation | Median Salary | vs Loan Officer | Hourly |
|---|---|---|---|
| Financial Manager in NJ | $199,110 | +114.3% | $95.73/hr |
| Economist in NJ | $167,550 | +80.3% | $80.55/hr |
| Personal Financial Advisor in NJ | $158,570 | +70.7% | $76.24/hr |
| Actuary in NJ | $142,800 | +53.7% | $68.65/hr |
| Financial Analyst in NJ | $108,610 | +16.9% | $52.22/hr |
| Financial Examiner in NJ | $106,410 | +14.5% | $51.16/hr |
| Credit Analyst in NJ | $100,940 | +8.6% | $48.53/hr |
| Accountant in NJ | $100,830 | +8.5% | $48.48/hr |
| Compliance Officer in NJ | $100,000 | +7.6% | $48.08/hr |
| Tax Examiner in NJ | $98,630 | +6.1% | $47.42/hr |
| Budget Analyst in NJ | $96,250 | +3.6% | $46.27/hr |
| Securities Sales Agent in NJ | $82,420 | -11.3% | $39.63/hr |
Frequently Asked Questions
How much do loan officers make in New Jersey?
- The median salary for a loan officer in New Jersey is $92,920 per year, which translates to about $45 per hour. The salary range typically falls between $50,490 and $169,280 annually.
What is the average salary for a loan officer in New Jersey compared to the national average?
- Loan officers in New Jersey earn significantly more than the national average, with their median salary being 21.7% higher. This means New Jersey loan officers have a median annual income of $92,920, exceeding the national median.
What is the salary range for loan officers in New Jersey?
- In New Jersey, the salary range for loan officers is quite broad, from $50,490 on the lower end to $169,280 at the higher end. The median salary sits at $92,920 annually for this profession.
How many loan officers are employed in New Jersey?
- There are approximately 6,200 loan officers employed in New Jersey. These professionals earn a median salary of $92,920 per year, which is 21.7% above the national average.