The average salary for a loan officer in New Jersey is around $78,870 per year.
Avg Salary
Loan officers earn an average yearly salary of $78,870.
Wages typically start from $38,200 and go up to $160,840.
17% above national average Updated in 2021
Loan officer earnings by seniority
90th percentile
Top-level loan officer earnings begin at:
$77.33 per hour
$160,840 per year
75th percentile
Senior-level loan officer earnings begin at:
$49.39 per hour
$102,720 per year
50th percentile
Mid-level loan officer earnings begin at:
$37.92 per hour
$78,870 per year
25th percentile
Junior-level loan officer earnings begin at:
$29.02 per hour
$60,360 per year
10th percentile
Starting level loan officer earnings begin at:
$18.36 per hour
$38,200 per year
Approximate values based on highest and lowest earning segments.
Loan officer salary by state
| State Name | Average Salary |
|---|---|
| New York | $96,430 |
| District of Columbia | $81,170 |
| Massachusetts | $79,570 |
| New Jersey | $78,870 |
| Minnesota | $78,660 |
| Rhode Island | $78,640 |
| Nevada | $78,470 |
| Oregon | $78,300 |
| North Dakota | $77,060 |
| Colorado | $76,920 |
| Kansas | $76,920 |
| New Hampshire | $76,920 |
| Michigan | $76,840 |
| North Carolina | $76,840 |
| Virginia | $76,710 |
| Nebraska | $75,700 |
| Wisconsin | $74,890 |
| Missouri | $74,520 |
| Arkansas | $74,490 |
| Pennsylvania | $65,810 |
| California | $64,390 |
| South Dakota | $63,560 |
| Hawaii | $63,460 |
| Montana | $63,270 |
| Maine | $63,200 |
| Illinois | $63,170 |
| Iowa | $62,650 |
| Maryland | $62,610 |
| Washington | $62,530 |
| Kentucky | $62,320 |
| Ohio | $62,320 |
| Wyoming | $62,160 |
| Georgia | $62,100 |
| Connecticut | $61,850 |
| New Mexico | $61,170 |
| Texas | $61,120 |
| Tennessee | $60,800 |
| Indiana | $60,550 |
| Delaware | $60,140 |
| Florida | $60,110 |
| Oklahoma | $60,110 |
| Vermont | $60,110 |
| Alabama | $53,410 |
| South Carolina | $53,410 |
| Arizona | $52,530 |
| Idaho | $49,920 |
| Louisiana | $49,780 |
| Alaska | $49,620 |
| Utah | $48,300 |
| West Virginia | $48,000 |
| Mississippi | $44,480 |
| Guam | $38,630 |
| Puerto Rico | $30,080 |
How do loan officer salaries compare to similar careers?
Loan officers earn about the same as related careers in New Jersey. On average, they make less than accountants but more than investment bankers.
| Career | Median Salary |
|---|---|
| Accountant salary | $96K |
| Economist salary | $95K |
| Credit analyst salary | $83K |
| Consultant salary | $82K |
| Budget analyst salary | $96K |
| Loan officer salary | $79K |
| Fraud analyst salary | $81K |
| Financial quantitative analyst salary | $81K |
| Risk management specialist salary | $81K |
| Investment banker salary | $81K |
Source: CareerExplorer (Aggregated)