Loan Officer Salary in New York, NY
2024 BLS OEWS Data · Finance · COL Index: 187.2
$102,540
Median Salary
$125,440
Mean Salary
$54,776
COL-Adjusted
11,250
Employment
Salary Distribution
Percentile Breakdown
| Percentile | Salary | COL-Adjusted |
|---|---|---|
| 10th Percentile (Entry Level) | $49,690 | $26,544 |
| 25th Percentile | $72,680 | $38,825 |
| 50th Percentile (Median) | $102,540 | $54,776 |
| 75th Percentile | $162,570 | $86,843 |
| 90th Percentile (Top Earners) | $216,810 | $115,817 |
What Drives the Range
The $167,120 spread between the 10th and 90th percentiles for Loan Officer positions in New York, NY reflects several factors. Entry-level professionals and those in smaller organizations typically fall in the lower quartiles, while senior specialists, those with in-demand certifications, and employees at large enterprises command salaries in the upper percentiles.
New York, NY's cost-of-living index of 187.2 means that a $102,540 median salary here has the same purchasing power as $54,776 in an average-cost U.S. city. Despite the higher cost of living, this metro area offers a deep talent pool and typically higher total compensation when including equity and bonuses.