Loan Officer Salary in West Virginia
Based on 1K+ workers in West Virginia
Median Annual Salary (WV)
$57,580
$27.68/hr
vs National Average
$76,354
-24.6% vs national median
Salary Range (10th–90th)
$38K – $115K
1K employed in West Virginia
Exploring the Loan Officer salary in West Virginia reveals a median annual income of $57,580. This figure sits 25% below the national average, with salaries typically ranging from $37,830 to $114,800. Currently, there are approximately 1,290 individuals employed in this profession across the state.
Several factors influence the Loan Officer salary in West Virginia. Experience level, the specific type of lending institution, and the volume of loans processed all play a significant role. Additionally, the economic health of local markets and the demand for housing and business loans within West Virginia can impact earning potential.
Salary Distribution — Loan Officer in West Virginia
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $37,830 |
| 25th percentile | $44,670 |
| Median (50th percentile) | $57,580 |
| 75th percentile | $78,070 |
| 90th percentile | $114,800 |
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 West Virginia 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 West Virginia vs National
| Year | Median Salary (West Virginia) |
|---|---|
| 2022 | $50,810 |
| 2023 | $51,920 |
| 2024 | $49,550 |
| 2025 | $57,580 |
| 2026 (projected) | $61,035 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | West Virginia Median | National Median |
|---|---|---|
| 2022 | $50,810 | $68,453 |
| 2023 | $51,920 | $70,692 |
| 2024 | $49,550 | $73,485 |
| 2025 | $57,580 | $76,354 |
| 2026 (projected) | $61,035 | $80,935 |
Loan Officer Salary by Experience Level in West Virginia
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $44,670 |
| Mid-level | 3-5 yrs | $57,580 |
| Senior | 6-9 yrs | $78,070 |
| Staff / Lead | 10+ yrs | $114,800 |
Loan Officer Salary in Other States
Related Loan Officer Salaries in West Virginia
How other high-demand occupations in West Virginia compare to Loan Officer ($57,580 median).
| Occupation | Median Salary | vs Loan Officer | Hourly |
|---|---|---|---|
| Financial Manager in WV | $113,140 | +96.5% | $54.39/hr |
| Tax Examiner in WV | $86,200 | +49.7% | $41.44/hr |
| Personal Financial Advisor in WV | $80,010 | +39.0% | $38.47/hr |
| Budget Analyst in WV | $78,850 | +36.9% | $37.91/hr |
| Accountant in WV | $73,320 | +27.3% | $35.25/hr |
| Financial Analyst in WV | $69,030 | +19.9% | $33.19/hr |
| Compliance Officer in WV | $64,270 | +11.6% | $30.90/hr |
| Financial Examiner in WV | $60,590 | +5.2% | $29.13/hr |
| Credit Analyst in WV | $57,320 | -0.5% | $27.56/hr |
| Securities Sales Agent in WV | $50,050 | -13.1% | $24.06/hr |
| Insurance Sales Agent in WV | $45,480 | -21.0% | $21.87/hr |
| Middle School Teacher in WV | $57,210 | -0.6% | $27.50/hr |
Frequently Asked Questions
How much does a Loan Officer typically make in West Virginia?
- The median salary for a Loan Officer in West Virginia is $57,580 per year, which equates to about $28 per hour. This median figure means half of Loan Officers earn more, and half earn less.
What is the salary range for Loan Officers in West Virginia?
- In West Virginia, Loan Officers can expect to earn between $37,830 and $114,800 annually. This wide range reflects differences in experience, location within the state, and the specific employer.
How does the average Loan Officer salary in West Virginia compare to the national average?
- Loan Officers in West Virginia earn, on average, 24.6% less than the national average. This suggests that the cost of living or demand for loan officers may be lower in West Virginia compared to other states.
How many Loan Officers are currently employed in West Virginia?
- There are approximately 1,290 Loan Officers employed across West Virginia. This indicates a moderate job market for this profession within the state.