Loan Officer Salary in Philadelphia, PA
2024 BLS OEWS Data · Finance · COL Index: 118.4
$76,910
Median Salary
$83,500
Mean Salary
$64,958
COL-Adjusted
4,830
Employment
Salary Distribution
Percentile Breakdown
| Percentile | Salary | COL-Adjusted |
|---|---|---|
| 10th Percentile (Entry Level) | $39,250 | $33,150 |
| 25th Percentile | $52,690 | $44,502 |
| 50th Percentile (Median) | $76,910 | $64,958 |
| 75th Percentile | $102,520 | $86,588 |
| 90th Percentile (Top Earners) | $133,570 | $112,812 |
What Drives the Range
The $94,320 spread between the 10th and 90th percentiles for Loan Officer positions in Philadelphia, PA 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.
Philadelphia, PA's cost-of-living index of 118.4 means that a $76,910 median salary here has the same purchasing power as $64,958 in an average-cost U.S. city. The relatively moderate cost of living makes this a competitive market for purchasing power.