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Loan Officers in Washington

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Loan Officers in Washington

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

6.9% Jobs Projection
$60,540 Median Salary
630 Job Openings

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

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

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

How Many Loan Officers Work in Washington?

In 2018, there were 6,940 Loan Officers working in the state.

There were 6,960 Loan Officers employed in this state in 2017.

That’s a decline of 20 jobs between 2017 and 2018.

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

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Job Projections for Washington

Jobs for Loan Officers in this state are growing at a rate of 6.9% which is slower than the nationwide estimated projection of 11.4%.

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Washington Annual Job Openings

The BLS estimates there will be 630 annual job openings, and 7,470 total jobs in 2026 for Loan Officers in this state.

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

What do Loan Officers Make in Washington?

In 2018 wages for Loan Officers ranged from $29,880 to $133,940 with $60,540 being the median annual salary.

Broken down to an hourly rate, workers in this field made anywhere from $14.37 to $64.4. The median hourly rate was $29.1.

Workers in this field were paid a median of $29.68 an hour in 2017.

The hourly rate declined by $0.58.

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

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Top Washington 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
Seattle-Tacoma-Bellevue, WA 3,970 $61,720
Portland-Vancouver-Hillsboro, OR-WA 3,230 $69,000
Spokane-Spokane Valley, WA 780 $53,530
Olympia-Tumwater, WA 340 $64,680
Bellingham, WA 250 $54,830
Kennewick-Richland, WA 200 $62,470
Mount Vernon-Anacortes, WA 180 $53,120
Bremerton-Silverdale, WA 170 $62,140
Lewiston, ID-WA 90 $48,940
Wenatchee, WA 80 $63,270
Longview, WA 60 $60,470
Walla Walla, WA 50 $56,580

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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