Loan Officer Salary in Pennsylvania
Based on 8K+ workers in Pennsylvania
Median Annual Salary (PA)
$69,300
$33.32/hr
vs National Average
$76,354
-9.2% vs national median
Salary Range (10th–90th)
$40K – $133K
8K employed in Pennsylvania
The median Loan Officer salary in Pennsylvania is $69,300 annually, reflecting a competitive compensation landscape for this vital financial role. This figure sits 9% below the national average, indicating a specific market dynamic within the state for this profession. Currently, approximately 8,140 individuals are employed as Loan Officers across Pennsylvania, highlighting the demand for their services.
Several factors influence the Loan Officer salary in Pennsylvania, including years of experience, the specific type of lending institution, and the volume of loans managed. Location within Pennsylvania can also play a role, with metropolitan areas potentially offering higher salaries than rural regions. Education and professional certifications can further impact earning potential, pushing salaries towards the upper end of the reported range, which spans from $39,990 to $132,900.
Salary Distribution — Loan Officer in Pennsylvania
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $39,990 |
| 25th percentile | $49,150 |
| Median (50th percentile) | $69,300 |
| 75th percentile | $99,750 |
| 90th percentile | $132,900 |
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 Pennsylvania 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 Pennsylvania vs National
| Year | Median Salary (Pennsylvania) |
|---|---|
| 2022 | $74,910 |
| 2023 | $64,230 |
| 2024 | $61,470 |
| 2025 | $69,300 |
| 2026 (projected) | $73,458 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | Pennsylvania Median | National Median |
|---|---|---|
| 2022 | $74,910 | $68,453 |
| 2023 | $64,230 | $70,692 |
| 2024 | $61,470 | $73,485 |
| 2025 | $69,300 | $76,354 |
| 2026 (projected) | $73,458 | $80,935 |
Loan Officer Salary by Experience Level in Pennsylvania
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $49,150 |
| Mid-level | 3-5 yrs | $69,300 |
| Senior | 6-9 yrs | $99,750 |
| Staff / Lead | 10+ yrs | $132,900 |
Loan Officer Salary in Other States
Related Loan Officer Salaries in Pennsylvania
How other high-demand occupations in Pennsylvania compare to Loan Officer ($69,300 median).
| Occupation | Median Salary | vs Loan Officer | Hourly |
|---|---|---|---|
| Financial Manager in PA | $145,610 | +110.1% | $70.00/hr |
| Actuary in PA | $125,040 | +80.4% | $60.12/hr |
| Economist in PA | $115,000 | +65.9% | $55.29/hr |
| Personal Financial Advisor in PA | $105,200 | +51.8% | $50.58/hr |
| Compliance Officer in PA | $85,580 | +23.5% | $41.14/hr |
| Financial Analyst in PA | $84,460 | +21.9% | $40.61/hr |
| Budget Analyst in PA | $84,240 | +21.6% | $40.50/hr |
| Credit Analyst in PA | $80,280 | +15.8% | $38.60/hr |
| Accountant in PA | $79,000 | +14.0% | $37.98/hr |
| Tax Examiner in PA | $78,610 | +13.4% | $37.79/hr |
| Financial Examiner in PA | $78,500 | +13.3% | $37.74/hr |
| Insurance Sales Agent in PA | $73,370 | +5.9% | $35.27/hr |
Frequently Asked Questions
How much does a Loan Officer make in Pennsylvania?
- In Pennsylvania, the median salary for a Loan Officer is $69,300 per year, which equates to approximately $33 per hour. The salary range for this profession in the state is broad, from $39,990 to $132,900 annually.
What is the average salary for a Loan Officer in Pennsylvania compared to the national average?
- Loan Officers in Pennsylvania earn an average salary that is 9.2% lower than the national average. While the median annual salary in Pennsylvania is $69,300, the national median is higher.
What is the typical salary range for Loan Officers in Pennsylvania?
- The salary for Loan Officers in Pennsylvania typically falls between $39,990 on the lower end and $132,900 on the higher end annually. The median salary, representing the midpoint, is $69,300 per year.
How many Loan Officers are employed in Pennsylvania?
- There are approximately 8,140 Loan Officers employed throughout Pennsylvania. This indicates a significant job market for this profession within the state.