Loan Officers in Virginia
Is Virginia a good place for you to work as a Loan Officer?
You’re in luck! Jobs for Loan Officers in Virginia are projected to grow and these jobs tend to pay higher than average.
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Projected employment for Loan Officers in Virginia is growing faster than average.
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Loan Officers in Virginia earn higher salaries than the typical U.S. wage earner.
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How Many Loan Officers Work in Virginia?
There were approximately 10,140 workers employed as Loan Officers in this state in 2018.
There were 9,290 Loan Officers employed in this state in 2017.
That’s growth of 850 jobs between 2017 and 2018.
The typical state has 4,250 Loan Officers working in it, which means Virginia has more Loan Officers than average.
Job Projections for Virginia
Jobs for Loan Officers in this state are growing at a rate of 14.4% which is faster than the nationwide estimated projection of 11.4%.
Virginia Annual Job Openings
The BLS estimates 940 annual job openings, and a total of 10,830 jobs for Virginia 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 Virginia?
In 2018 wages for Loan Officers ranged from $34,670 to $142,760 with $63,860 being the median annual salary.
Broken down to an hourly rate, workers in this field made anywhere from $16.67 to $68.63. The median hourly rate was $30.7.
Workers in this field were paid a median of $33.11 an hour in 2017.
The hourly rate declined by $2.41.
The median salary in Virginia is higher than the nationwide median salary.
Top Virginia 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 |
|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 6,880 | $69,660 |
| Richmond, VA | 2,000 | $60,580 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1,380 | $56,670 |
| Roanoke, VA | 350 | $60,550 |
| Charlottesville, VA | 180 | $58,600 |
| Lynchburg, VA | 170 | $57,530 |
| Harrisonburg, VA | 170 | n/a |
| Kingsport-Bristol-Bristol, TN-VA | 160 | $56,190 |
| Blacksburg-Christiansburg-Radford, VA | 90 | $64,480 |
| Staunton-Waynesboro, VA | 90 | $44,800 |
Top States for Loan Officers Employment
The table below shows the states 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 VA
Discover similar 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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