NJ · BLS OEWS 2024 · SOC 13-2072

Loan Officers Salary in New Jersey

Median Annual Salary $95,090 +28% above national average (national: $74,180)
$100,160Mean Annual
$46Median Hourly
5,690Employed in State

Salary Range — 10th to 90th Percentile

$95,090
$38,880
10th pct.
$164,030
90th pct.

Full Percentile Breakdown

PercentileAnnual WageHourly Wage
10th percentile (entry-level)$38,880$18.69
25th percentile$63,070$30.32
50th percentile (median)$95,090$45.72
75th percentile$127,610$61.35
90th percentile (top earners)$164,030$78.86
Mean (average)$100,160$48.15

How New Jersey Compares

StateMedian Annualvs. New Jersey
New Jersey (current) $95,090
District of Columbia $102,200 +7%
New York $98,940 +4%
Massachusetts $93,430 -2%
Vermont $86,490 -9%
Minnesota $84,480 -11%
North Dakota $82,990 -13%
Kansas $82,540 -13%
Delaware $80,760 -15%

Showing top-paying states with available data. View all states →

Related Occupations in New Jersey

OccupationMedian AnnualEmployment
Sheet Metal Workers $94,310 1,690
Logisticians $93,710 5,940
Securities, Commodities, and Financial Services Sales Agents $96,470 16,940
Compliance Officers $93,520 12,000
Insurance Underwriters $93,500 3,170
Surveyors $93,260 950

Frequently Asked Questions

What is the average Loan Officers salary in New Jersey?

The mean loan officers salary in New Jersey is $100,160 per year. The median (middle) salary is $95,090 per year. Source: BLS OEWS 2024.

What is the starting salary for a Loan Officers in New Jersey?

Entry-level loan officerss (10th percentile) in New Jersey typically earn around $38,880 per year. Workers at the 25th percentile earn approximately $63,070 per year.

What is the highest Loan Officers salary in New Jersey?

Top earners (90th percentile) in this occupation in New Jersey make approximately $164,030 per year. Those in the 75th percentile earn around $127,610 per year.

How does the New Jersey Loan Officers salary compare to the national average?

The median loan officers salary in New Jersey is $95,090, which is +28% above national average of $74,180.

Data Source: This data is sourced from the U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS) program, May 2024 release. All wages are estimates. Actual salaries may vary based on experience, education, employer, and other factors. bls.gov/oes