2024 Salary Data

Loan Officers Salary in Albany-Schenectady-Troy, NY

Loan Officerss in Albany-Schenectady-Troy, NY earn a median salary of $79,620 per year, which is 7.3% higher than the national median.

Median Salary

$79,620

↑7.3%vs national

Entry Level

$45,190

10th percentile

Experienced

$187,200

90th percentile

Employed

570

in Albany-Schenectady-Troy, NY

Salary Distribution

Shows salary range from entry-level (10th percentile) to top earners (90th percentile)

How Much Do Loan Officerss Make in Albany-Schenectady-Troy, NY?

According to the Bureau of Labor Statistics, Loan Officerss in the Albany-Schenectady-Troy, NY metropolitan area earn a median annual salary of $79,620. The salary range varies significantly based on experience, with entry-level positions starting around $45,190 and experienced professionals earning up to $187,200 or more.

Entry Level

0-2 years experience

$45,190 - $59,370

Mid Career

2-8 years experience

$59,370 - $123,230

Senior Level

8+ years experience

$123,230 - $187,200

Albany-Schenectady-Troy, NY vs National Average

Albany-Schenectady-Troy, NY$79,620

National Average$74,180

Loan Officerss in Albany-Schenectady-Troy, NY earn 7.3% more than the national median of $74,180.

Quick Facts

Occupation: Loan Officers
SOC Code: 132072
Location: Albany-Schenectady-Troy, NY
Data Year: 2024
Total Employed: 570

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Frequently Asked Questions

What is the average salary for a Loan Officers in Albany-Schenectady-Troy, NY?

The median annual salary for Loan Officers in Albany-Schenectady-Troy, NY is $79,620, according to Bureau of Labor Statistics data from 2024. This is 7.3% higher than the national median.

What is the starting salary for Loan Officers in Albany-Schenectady-Troy, NY?

Entry-level Loan Officers positions in Albany-Schenectady-Troy, NY typically start around $45,190 to $59,370 annually (10th to 25th percentile).

How much can experienced Loan Officerss make in Albany-Schenectady-Troy, NY?

Experienced Loan Officerss in Albany-Schenectady-Troy, NY can earn $123,230 to $187,200 annually (75th to 90th percentile).

How does Loan Officers salary in Albany-Schenectady-Troy, NY compare to the national average?

Loan Officerss in Albany-Schenectady-Troy, NY earn 7.3% more than the national median of $74,180.

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