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Loan Officers in Pennsylvania

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Loan Officers in Pennsylvania

Considering a career as a Loan Officer in Pennsylvania?

5.1% Jobs Projection
$59,340 Median Salary
1,050 Job Openings

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

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

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

How Many Loan Officers Work in Pennsylvania?

There were approximately 10,010 workers employed as Loan Officers in this state in 2018.

There were 10,990 Loan Officers employed in this state in 2017.

That’s a decline of 980 jobs between 2017 and 2018.

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

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Job Projections for Pennsylvania

Jobs for Loan Officers in this state are growing at a rate of 5.1% which is slower than the nationwide estimated projection of 11.4%.

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Pennsylvania Annual Job Openings

The BLS estimates 1,050 annual job openings, and a total of 12,740 jobs for Pennsylvania Loan Officers in 2026.

Nationwide, the prediction is 30,400 annual jobs and 354,900 total jobs in 2026.

What do Loan Officers Make in Pennsylvania?

In 2018 wages for Loan Officers ranged from $34,520 to $115,430 with $59,340 being the median annual salary.

Broken down to an hourly rate, workers in this field made anywhere from $16.6 to $55.49. The median hourly rate was $28.53.

Workers in this field were paid a median of $27.58 an hour in 2017.

The hourly rate grew by $0.95.

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

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Top Pennsylvania 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
New York-Newark-Jersey City, NY-NJ-PA 13,480 $84,820
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 5,830 $65,560
Pittsburgh, PA 2,210 $58,710
Allentown-Bethlehem-Easton, PA-NJ 510 $61,400
Harrisburg-Carlisle, PA 500 $49,780
Youngstown-Warren-Boardman, OH-PA 370 $43,640
Scranton–Wilkes-Barre–Hazleton, PA 360 $48,740
Lancaster, PA 360 $62,370
Erie, PA 250 $59,490
Reading, PA 250 $63,290
York-Hanover, PA 170 $53,750
Johnstown, PA 130 $59,880
Chambersburg-Waynesboro, PA 100 $67,300
Altoona, PA 100 $48,180
Williamsport, PA 80 $39,480
Lebanon, PA 80 $47,980
Bloomsburg-Berwick, PA 60 $53,980
East Stroudsburg, PA 60 $68,600
Gettysburg, PA 30 $62,390

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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