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Loan Officers in Colorado

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Loan Officers in Colorado

Get the information you need to know about working as a Loan Officer.

9.0% Jobs Projection
$61,010 Median Salary
500 Job Openings

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

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

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

How Many Loan Officers Work in Colorado?

5,170 people worked as Loan Officers in 2018 in this state.

There were 5,560 Loan Officers employed in this state in 2017.

That’s a decline of 390 jobs between 2017 and 2018.

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

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Job Projections for Colorado

Jobs for Loan Officers in this state are growing at a rate of 9.0% which is slower than the nationwide estimated projection of 11.4%.

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Colorado Annual Job Openings

The BLS is projecting 500 annual Loan Officers job openings in Colorado, and 5,960 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 Colorado?

In 2018 wages for Loan Officers ranged from $27,320 to $119,930 with $61,010 being the median annual salary.

Broken down to an hourly rate, workers in this field made anywhere from $13.13 to $57.66. The median hourly rate was $29.33.

In 2017 the median pay for this field was $29.33 an hour.

Wages between 2017 and 2018 did not increase or decrease.

The median salary in Colorado is higher than the nationwide median salary.

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Top Colorado 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
Denver-Aurora-Lakewood, CO 3,470 $62,590
Boulder, CO 190 $61,360
Fort Collins, CO 160 $67,520
Grand Junction, CO 120 $60,380
Greeley, CO 80 $72,500
Pueblo, CO 50 $56,390

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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