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Loan Officers in New Jersey

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Loan Officers in New Jersey

Considering a career as a Loan Officer in New Jersey?

12.5% Jobs Projection
$73,180 Median Salary
670 Job Openings

You’re in luck! Jobs for Loan Officers in New Jersey are projected to grow and these jobs tend to pay higher than average.

  • Projected employment for Loan Officers in New Jersey is growing faster than average.

  • Loan Officers in New Jersey earn higher salaries than the typical U.S. wage earner.

How Many Loan Officers Work in New Jersey?

In New Jersey, there were 6,670 people working as Loan Officers in the year 2018.

There were 6,750 Loan Officers employed in this state in 2017.

That’s a decline of 80 jobs between 2017 and 2018.

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The typical state has 4,250 Loan Officers working in it, which means New Jersey has more Loan Officers than average.

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Job Projections for New Jersey

Jobs for Loan Officers in this state are growing at a rate of 12.5% which is faster than the nationwide estimated projection of 11.4%.

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New Jersey Annual Job Openings

The BLS estimates there will be 670 annual job openings, and 7,730 total jobs in 2026 for Loan Officers in this state.

Nationwide, the prediction is 30,400 annual jobs and 354,900 total jobs in 2026.

What do Loan Officers Make in New Jersey?

In 2018 wages for Loan Officers ranged from $37,880 to $150,120 with $73,180 being the median annual salary.

Broken down to an hourly rate, workers in this field made anywhere from $18.21 to $72.18. The median hourly rate was $35.18.

In 2017 the median pay for this field was $35.23 an hour.

The hourly rate declined by $0.05.

The median salary in New Jersey is higher than the nationwide median salary.

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Top New Jersey 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
New York-Newark-Jersey City, NY-NJ-PA 13,480 $84,820
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 5,830 $65,560
Allentown-Bethlehem-Easton, PA-NJ 510 $61,400
Trenton, NJ 380 $64,770
Ocean City, NJ 50 $61,150
Atlantic City-Hammonton, NJ 40 $63,310
Vineland-Bridgeton, NJ 40 $73,460

Top States for Loan Officers Employment

The table below shows the states 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

Discover similar careers:

Occupation NJ Employment Total

References

More about our data sources and methodologies.

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