2024 Salary Data

Loan Officers Salary in Norwich-New London-Willimantic, CT

Loan Officerss in Norwich-New London-Willimantic, CT earn a median salary of $78,300 per year, which is 5.6% higher than the national median.

Median Salary

$78,300

5.6%vs national

Entry Level

$46,750

10th percentile

Experienced

$164,250

90th percentile

Employed

110

in Norwich-New London-Willimantic, CT

Salary Distribution

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

How Much Do Loan Officerss Make in Norwich-New London-Willimantic, CT?

According to the Bureau of Labor Statistics, Loan Officerss in the Norwich-New London-Willimantic, CT metropolitan area earn a median annual salary of $78,300. The salary range varies significantly based on experience, with entry-level positions starting around $46,750 and experienced professionals earning up to $164,250 or more.

Entry Level

0-2 years experience

$46,750 - $62,500

Mid Career

2-8 years experience

$62,500 - $97,270

Senior Level

8+ years experience

$97,270 - $164,250

Norwich-New London-Willimantic, CT vs National Average

Norwich-New London-Willimantic, CT$78,300
National Average$74,180

Loan Officerss in Norwich-New London-Willimantic, CT earn 5.6% more than the national median of $74,180.

Frequently Asked Questions

What is the average salary for a Loan Officers in Norwich-New London-Willimantic, CT?
The median annual salary for Loan Officers in Norwich-New London-Willimantic, CT is $78,300, according to Bureau of Labor Statistics data from 2024. This is 5.6% higher than the national median.
What is the starting salary for Loan Officers in Norwich-New London-Willimantic, CT?
Entry-level Loan Officers positions in Norwich-New London-Willimantic, CT typically start around $46,750 to $62,500 annually (10th to 25th percentile).
How much can experienced Loan Officerss make in Norwich-New London-Willimantic, CT?
Experienced Loan Officerss in Norwich-New London-Willimantic, CT can earn $97,270 to $164,250 annually (75th to 90th percentile).
How does Loan Officers salary in Norwich-New London-Willimantic, CT compare to the national average?
Loan Officerss in Norwich-New London-Willimantic, CT earn 5.6% more than the national median of $74,180.

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