Loan Officers in Pennsylvania
Get the information you need to know about working as a Loan Officer.
You’re in luck! Jobs for Loan Officers in Pennsylvania are projected to grow and these jobs tend to pay higher than average.
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Projected employment for Loan Officers in Pennsylvania is growing faster than average.
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Loan Officers in Pennsylvania earn higher salaries than the typical U.S. wage earner.
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How Many Loan Officers Work in Pennsylvania?
In Pennsylvania, there were 10,010 people working as Loan Officers in the year 2018.
There were 10,990 Loan Officers employed in this state in 2017.
That’s a decline of 980 jobs between 2017 and 2018.
The typical state has 4,250 Loan Officers working in it, which means Pennsylvania has more Loan Officers than average.
Job Projections for Pennsylvania
Jobs for Loan Officers in this state are growing at a rate of 5.1% which is slower than the nationwide estimated projection of 11.4%.
Pennsylvania Annual Job Openings
The BLS estimates there will be 1,050 annual job openings, and 12,740 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 Pennsylvania?
In 2018 wages for Loan Officers ranged from $34,520 to $115,430 with $59,340 being the median annual salary.
Broken down to an hourly rate, workers in this field made anywhere from $16.6 to $55.49. The median hourly rate was $28.53.
Workers in this field were paid a median of $27.58 an hour in 2017.
The hourly rate grew by $0.95.
The median salary in Pennsylvania is higher than the nationwide median salary.
Top Pennsylvania 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 |
| Pittsburgh, PA | 2,210 | $58,710 |
| Allentown-Bethlehem-Easton, PA-NJ | 510 | $61,400 |
| Harrisburg-Carlisle, PA | 500 | $49,780 |
| Youngstown-Warren-Boardman, OH-PA | 370 | $43,640 |
| Scranton–Wilkes-Barre–Hazleton, PA | 360 | $48,740 |
| Lancaster, PA | 360 | $62,370 |
| Erie, PA | 250 | $59,490 |
| Reading, PA | 250 | $63,290 |
| York-Hanover, PA | 170 | $53,750 |
| Johnstown, PA | 130 | $59,880 |
| Chambersburg-Waynesboro, PA | 100 | $67,300 |
| Altoona, PA | 100 | $48,180 |
| Williamsport, PA | 80 | $39,480 |
| Lebanon, PA | 80 | $47,980 |
| Bloomsburg-Berwick, PA | 60 | $53,980 |
| East Stroudsburg, PA | 60 | $68,600 |
| Gettysburg, PA | 30 | $62,390 |
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 PA
You may also be interested in the following careers:
| Occupation | PA 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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