Loan Officer Salary in Washington
Based on 6K+ workers in Washington
Median Annual Salary (WA)
$80,120
$38.52/hr
vs National Average
$76,354
+4.9% vs national median
Salary Range (10th–90th)
$39K – $162K
6K employed in Washington
The median Loan Officer salary in Washington is $80,120 per year, positioning it 5% above the national average. This figure represents the midpoint of earnings for Loan Officers working in the Evergreen State, where approximately 6,040 individuals are employed in this crucial financial role.
Several factors influence the Loan Officer salary in Washington. Experience level, the specific type of lending institution, and geographic location within the state can significantly impact earning potential, with salaries ranging from $39,000 to $162,240 annually. Market demand and individual performance also play a role.
Salary Distribution — Loan Officer in Washington
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $39,000 |
| 25th percentile | $61,450 |
| Median (50th percentile) | $80,120 |
| 75th percentile | $121,170 |
| 90th percentile | $162,240 |
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 Washington 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 Washington vs National
| Year | Median Salary (Washington) |
|---|---|
| 2022 | $63,950 |
| 2023 | $73,110 |
| 2024 | $77,040 |
| 2025 | $80,120 |
| 2026 (projected) | $83,323 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | Washington Median | National Median |
|---|---|---|
| 2022 | $63,950 | $68,453 |
| 2023 | $73,110 | $70,692 |
| 2024 | $77,040 | $73,485 |
| 2025 | $80,120 | $76,354 |
| 2026 (projected) | $83,323 | $79,407 |
Loan Officer Salary by Experience Level in Washington
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $61,450 |
| Mid-level | 3-5 yrs | $80,120 |
| Senior | 6-9 yrs | $121,170 |
| Staff / Lead | 10+ yrs | $162,240 |
Loan Officer Salary in Other States
Related Loan Officer Salaries in Washington
How other high-demand occupations in Washington compare to Loan Officer ($80,120 median).
| Occupation | Median Salary | vs Loan Officer | Hourly |
|---|---|---|---|
| Financial Manager in WA | $174,840 | +118.2% | $84.06/hr |
| Actuary in WA | $134,720 | +68.1% | $64.77/hr |
| Personal Financial Advisor in WA | $114,050 | +42.3% | $54.83/hr |
| Financial Examiner in WA | $113,700 | +41.9% | $54.66/hr |
| Economist in WA | $109,300 | +36.4% | $52.55/hr |
| Financial Analyst in WA | $107,210 | +33.8% | $51.54/hr |
| Budget Analyst in WA | $96,640 | +20.6% | $46.46/hr |
| Accountant in WA | $96,550 | +20.5% | $46.42/hr |
| Credit Analyst in WA | $91,160 | +13.8% | $43.83/hr |
| Compliance Officer in WA | $88,790 | +10.8% | $42.69/hr |
| Tax Examiner in WA | $80,930 | +1.0% | $38.91/hr |
| Securities Sales Agent in WA | $75,510 | -5.8% | $36.30/hr |
Frequently Asked Questions
How much does a Loan Officer typically make in Washington?
- In Washington, the median salary for a Loan Officer is $80,120 per year, which translates to about $39 per hour. The salary range can be quite broad, from $39,000 to $162,240 annually.
What is the salary difference for Loan Officers in Washington compared to the national average?
- Loan Officers in Washington earn approximately 4.9% more than the national average. This means the median salary of $80,120 per year in Washington is higher than the national median.
What are the highest and lowest possible salaries for a Loan Officer in Washington?
- The salary range for Loan Officers in Washington spans from a low of $39,000 per year to a high of $162,240 per year. This wide range reflects varying experience levels and geographic locations within the state.
How many Loan Officers are currently employed in Washington?
- There are approximately 6,040 Loan Officers employed in Washington state. This indicates a significant number of opportunities within this profession in the region.