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Loan Officers in California

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Loan Officers in California

Is California a good place for you to work as a Loan Officer?

10.5% Jobs Projection
$61,310 Median Salary
3,770 Job Openings

You’re in luck! Jobs for Loan Officers in California are projected to grow and these jobs tend to pay higher than average.

  • Projected employment for Loan Officers in California is growing faster than average.

  • Loan Officers in California earn higher salaries than the typical U.S. wage earner.

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.

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The typical state has 4,250 Loan Officers working in it, which means California has more Loan Officers than average.

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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%.

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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.

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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

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References

More about our data sources and methodologies.

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