Loan Officers in Maine
Is Maine a good place for you to work as a Loan Officer?
You’re in luck! Jobs for Loan Officers in Maine are projected to grow and these jobs tend to pay higher than average.
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Projected employment for Loan Officers in Maine is growing slower than average.
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Loan Officers in Maine earn higher salaries than the typical U.S. wage earner.
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How Many Loan Officers Work in Maine?
In Maine, there were 1,090 people working as Loan Officers in the year 2018.
There were 1,120 Loan Officers employed in this state in 2017.
That’s a decline of 30 jobs between 2017 and 2018.
The typical state has 4,250 Loan Officers working in it, which means Maine has fewer Loan Officers than average.
Job Projections for Maine
Jobs for Loan Officers in this state are growing at a rate of 4.6% which is slower than the nationwide estimated projection of 11.4%.
Maine Annual Job Openings
The BLS is projecting 110 annual Loan Officers job openings in Maine, and 1,370 total jobs in the year 2026.
Nationwide, the prediction is 30,400 annual jobs and 354,900 total jobs in 2026.
What do Loan Officers Make in Maine?
In 2018 wages for Loan Officers ranged from $36,770 to $123,050 with $64,110 being the median annual salary.
Broken down to an hourly rate, workers in this field made anywhere from $17.68 to $59.16. The median hourly rate was $30.82.
In 2017 the median pay for this field was $29.87 an hour.
The hourly rate grew by $0.95.
The median salary in Maine is higher than the nationwide median salary.
Top Maine Metros for Loan Officers
The table below shows some of the metros in this state with the most Loan Officers.
| Metro | Number Employed | Annual Median Salary |
|---|---|---|
| Portland-South Portland, ME | 360 | $89,400 |
| Portsmouth, NH-ME | 250 | $82,440 |
| Lewiston-Auburn, ME | 200 | $64,780 |
| Bangor, ME | 120 | $63,680 |
| Dover-Durham, NH-ME | 100 | $62,190 |
Top States for Loan Officers Employment
View the list below to see where most Loan Officers work.
| State | Number Employed | Annual Median Salary |
|---|---|---|
| California | 37,030 | $61,310 |
| Texas | 19,950 | $68,710 |
| Florida | 18,000 | $67,760 |
| North Carolina | 13,910 | $62,360 |
| New York | 12,890 | $78,520 |
| Illinois | 12,330 | $66,570 |
| Ohio | 11,520 | $64,770 |
| Virginia | 10,140 | $63,860 |
| Pennsylvania | 10,010 | $59,340 |
| Arizona | 8,970 | $54,400 |
| Georgia | 7,790 | $54,690 |
| Minnesota | 7,740 | $72,030 |
| Missouri | 7,130 | $68,010 |
| Wisconsin | 7,090 | $62,850 |
| Washington | 6,940 | $60,540 |
| New Jersey | 6,670 | $73,180 |
| Massachusetts | 5,780 | $70,090 |
| Tennessee | 5,440 | $54,490 |
| Kentucky | 5,300 | $60,400 |
| Utah | 5,220 | $45,470 |
Below are the states where Loan Officers get paid the most:
| State | Annual Median Salary |
|---|---|
| New York | $78,520 |
| New Hampshire | $76,430 |
| Nebraska | $75,800 |
| Connecticut | $74,990 |
| District of Columbia | $74,840 |
| New Jersey | $73,180 |
| Minnesota | $72,030 |
| Kansas | $71,550 |
| Massachusetts | $70,090 |
| Texas | $68,710 |
Related Careers in ME
You may also be interested in the following careers:
| Occupation | ME Employment Total |
|---|
References
- Bureau of Labor Statistics (BLS)
- College Factual
- National Center for Education Statistics
- O*NET Online
- Image Credit: By Dave Dugdale under License
More about our data sources and methodologies.
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