Loan Officers in California
Is California a good place for you to work as a Loan Officer?
You’re in luck! Jobs for Loan Officers in California are projected to grow and these jobs tend to pay higher than average.
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Projected employment for Loan Officers in California is growing faster than average.
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Loan Officers in California earn higher salaries than the typical U.S. wage earner.
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How Many Loan Officers Work in California?
There were approximately 37,030 workers employed as Loan Officers in this state in 2018.
There were 39,520 Loan Officers employed in this state in 2017.
That’s a decline of 2,490 jobs between 2017 and 2018.
The typical state has 4,250 Loan Officers working in it, which means California has more Loan Officers than average.
Job Projections for California
Jobs for Loan Officers in this state are growing at a rate of 10.5% which is slower than the nationwide estimated projection of 11.4%.
California Annual Job Openings
The BLS is projecting 3,770 annual Loan Officers job openings in California, and 44,300 total jobs in the year 2026.
Nationwide, the prediction is 30,400 annual jobs and 354,900 total jobs in 2026.
What do Loan Officers Make in California?
In 2018 wages for Loan Officers ranged from $26,910 to $148,060 with $61,310 being the median annual salary.
Broken down to an hourly rate, workers in this field made anywhere from $12.94 to $71.18. The median hourly rate was $29.48.
In 2017 the median pay for this field was $31.82 an hour.
The hourly rate declined by $2.34.
The median salary in California is higher than the nationwide median salary.
Top California Metros for Loan Officers
The table below shows some of the metros in this state with the most Loan Officers.
| Metro | Number Employed | Annual Median Salary |
|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA | 15,510 | $59,800 |
| San Francisco-Oakland-Hayward, CA | 5,380 | $63,110 |
| San Diego-Carlsbad, CA | 3,450 | $61,910 |
| Riverside-San Bernardino-Ontario, CA | 3,080 | $56,230 |
| Sacramento–Roseville–Arden-Arcade, CA | 2,870 | $62,630 |
| San Jose-Sunnyvale-Santa Clara, CA | 1,290 | $83,050 |
| Oxnard-Thousand Oaks-Ventura, CA | 970 | $53,510 |
| Fresno, CA | 530 | $59,190 |
| Santa Rosa, CA | 460 | $68,060 |
| Stockton-Lodi, CA | 350 | $78,110 |
| Vallejo-Fairfield, CA | 310 | $59,940 |
| Modesto, CA | 310 | $59,540 |
| Bakersfield, CA | 300 | $67,620 |
| Santa Maria-Santa Barbara, CA | 290 | $82,950 |
| Visalia-Porterville, CA | 260 | $69,770 |
| Salinas, CA | 190 | $57,820 |
| Merced, CA | 180 | $51,050 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 160 | $67,560 |
| Redding, CA | 110 | $75,000 |
| Santa Cruz-Watsonville, CA | 100 | $72,230 |
| Chico, CA | 100 | $62,720 |
| Yuba City, CA | 90 | $95,980 |
| Napa, CA | 60 | $67,080 |
| El Centro, CA | 50 | $59,530 |
Top States for Loan Officers Employment
View the list below to see where most Loan Officers work.
| State | Number Employed | Annual Median Salary |
|---|---|---|
| California | 37,030 | $61,310 |
| Texas | 19,950 | $68,710 |
| Florida | 18,000 | $67,760 |
| North Carolina | 13,910 | $62,360 |
| New York | 12,890 | $78,520 |
| Illinois | 12,330 | $66,570 |
| Ohio | 11,520 | $64,770 |
| Virginia | 10,140 | $63,860 |
| Pennsylvania | 10,010 | $59,340 |
| Arizona | 8,970 | $54,400 |
| Georgia | 7,790 | $54,690 |
| Minnesota | 7,740 | $72,030 |
| Missouri | 7,130 | $68,010 |
| Wisconsin | 7,090 | $62,850 |
| Washington | 6,940 | $60,540 |
| New Jersey | 6,670 | $73,180 |
| Massachusetts | 5,780 | $70,090 |
| Tennessee | 5,440 | $54,490 |
| Kentucky | 5,300 | $60,400 |
| Utah | 5,220 | $45,470 |
Below are the states where Loan Officers get paid the most:
| State | Annual Median Salary |
|---|---|
| New York | $78,520 |
| New Hampshire | $76,430 |
| Nebraska | $75,800 |
| Connecticut | $74,990 |
| District of Columbia | $74,840 |
| New Jersey | $73,180 |
| Minnesota | $72,030 |
| Kansas | $71,550 |
| Massachusetts | $70,090 |
| Texas | $68,710 |
Related Careers in CA
You may also be interested in the following careers:
References
- Bureau of Labor Statistics (BLS)
- College Factual
- National Center for Education Statistics
- O*NET Online
- Image Credit: By Dave Dugdale under License
More about our data sources and methodologies.
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