Loan Officer Salary in New York
Based on 11K+ workers in New York
Median Annual Salary (NY)
$95,710
$46.01/hr
vs National Average
$76,354
+25.4% vs national median
Salary Range (10th–90th)
$49K – $211K
11K employed in New York
The average Loan Officer salary in New York is $95,710 annually, placing it approximately 25% above the national average. This figure represents the median, with actual salaries for Loan Officers in New York ranging from $49,410 to $211,350, reflecting a broad spectrum of earning potential for professionals in this field within the state.
Several factors can influence a Loan Officer salary in New York. These include experience level, the specific type of lending institution (e.g., bank, credit union, mortgage company), and the geographic location within New York. The substantial employment of 10,840 Loan Officers across the state also contributes to market dynamics that shape compensation.
Salary Distribution — Loan Officer in New York
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $49,410 |
| 25th percentile | $62,670 |
| Median (50th percentile) | $95,710 |
| 75th percentile | $148,890 |
| 90th percentile | $211,350 |
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 York 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 York vs National
| Year | Median Salary (New York) |
|---|---|
| 2022 | $81,610 |
| 2023 | $97,300 |
| 2024 | $98,940 |
| 2025 | $95,710 |
| 2026 (projected) | $95,710 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | New York Median | National Median |
|---|---|---|
| 2022 | $81,610 | $68,453 |
| 2023 | $97,300 | $70,692 |
| 2024 | $98,940 | $73,485 |
| 2025 | $95,710 | $76,354 |
| 2026 (projected) | $95,710 | $76,354 |
Loan Officer Salary by Experience Level in New York
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $62,670 |
| Mid-level | 3-5 yrs | $95,710 |
| Senior | 6-9 yrs | $148,890 |
| Staff / Lead | 10+ yrs | $211,350 |
Loan Officer Salary in Other States
Related Loan Officer Salaries in New York
How other high-demand occupations in New York compare to Loan Officer ($95,710 median).
| Occupation | Median Salary | vs Loan Officer | Hourly |
|---|---|---|---|
| Financial Manager in NY | $219,880 | +129.7% | $105.71/hr |
| Securities Sales Agent in NY | $168,340 | +75.9% | $80.93/hr |
| Personal Financial Advisor in NY | $166,400 | +73.9% | $80.00/hr |
| Actuary in NY | $156,480 | +63.5% | $75.23/hr |
| Economist in NY | $136,660 | +42.8% | $65.70/hr |
| Credit Analyst in NY | $133,270 | +39.2% | $64.07/hr |
| Financial Examiner in NY | $128,920 | +34.7% | $61.98/hr |
| Financial Analyst in NY | $127,930 | +33.7% | $61.50/hr |
| Tax Examiner in NY | $107,490 | +12.3% | $51.68/hr |
| Accountant in NY | $102,640 | +7.2% | $49.35/hr |
| Compliance Officer in NY | $90,080 | -5.9% | $43.31/hr |
| Budget Analyst in NY | $88,540 | -7.5% | $42.57/hr |
Frequently Asked Questions
What is the average salary for a Loan Officer in New York?
- The median salary for a Loan Officer in New York is $95,710 per year, which translates to approximately $46 per hour. This median figure is significantly higher than the national average, coming in at 25.4% more.
How much can a Loan Officer in New York expect to earn?
- Loan Officers in New York can expect to earn within a wide salary range, from $49,410 on the lower end to as high as $211,350 per year. The median salary falls comfortably in the middle of this spectrum at $95,710 annually.
Is New York a good place to work as a Loan Officer compared to other states?
- Yes, New York offers a higher earning potential for Loan Officers. The median salary of $95,710 per year is 25.4% above the national average, indicating a strong market for these professionals in the state.
How many Loan Officers are currently employed in New York?
- There are a significant number of Loan Officers working in New York, with a total of 10,840 individuals employed in this role. This robust employment figure supports the competitive salary landscape, with a median annual earning of $95,710.