Loan Officer salary in New Jersey
Loan Officers in New Jersey earn a median of $92,920 a year ($44.67 an hour), based on BLS data for 6,200 workers.
Pay ranges from $50,490 for the lowest-paid 10% to $169,280 for the top 10%. That is 21% higher than the national median of $76,690. New Jersey ranks 7th of 51 states for loan officers pay. There are 1.4 loan officers per 1,000 jobs here — close to the national average. The average (mean) salary is $102,890, above the median because a few high earners pull it up.
Pay range for loan officers in New Jersey
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $50,490 | $24.27 |
| 25th percentile | $62,740 | $30.16 |
| Median | $92,920 | $44.67 |
| 75th percentile | $131,870 | $63.40 |
| 90th percentile (top earners) | $169,280 | $81.38 |
| Average (mean) | $102,890 | $49.47 |
Half of loan officers earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $7,743.33 |
| Semi-monthly (24 a year) | $3,871.67 |
| Biweekly (26 a year) | $3,573.85 |
| Weekly | $1,786.92 |
| Hourly | $44.67 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Loan Officer salary in cities in New Jersey
| Metro area | Median salary | Workers |
|---|---|---|
| New York-Newark-Jersey City, NY-NJ | $101,570 | 10,350 |
| Trenton-Princeton, NJ | $90,430 | 330 |
| Atlantic City-Hammonton, NJ | $84,260 | 90 |
| Vineland, NJ | $78,540 | 50 |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD | $77,590 | 4,660 |
| Allentown-Bethlehem-Easton, PA-NJ | $66,480 | 290 |
Highest-paying states for loan officers
| State | Median salary |
|---|---|
| Massachusetts | $101,600 |
| Connecticut | $95,730 |
| New York | $95,710 |
| Minnesota | $95,170 |
| Colorado | $94,520 |
| Oregon | $94,440 |
| New Jersey | $92,920 |
| District of Columbia | $92,890 |
| Vermont | $88,710 |
| Kansas | $86,970 |
Related jobs in New Jersey
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $100,830 | $48.48 |
| Financial and Investment Analysts | $108,610 | $52.22 |
| Personal Financial Advisor | $158,570 | $76.24 |
| Financial Specialists, All Other | $98,630 | $47.42 |
| Tax Preparer | $43,420 | $20.88 |
| Insurance Underwriter | $96,220 | $46.26 |
| Financial Risk Specialist | $129,220 | $62.12 |
| Financial Examiner | $106,410 | $51.16 |
| Tax Examiners and Collectors, and Revenue Agents | $96,420 | $46.36 |
| Credit Analyst | $100,940 | $48.53 |
| Property Appraisers and Assessors | $92,390 | $44.42 |
| Budget Analyst | $96,250 | $46.28 |
| Credit Counselor | $57,180 | $27.49 |
| Business Operations Specialists, All Other | $91,060 | $43.78 |
More: Business and Financial Operations Occupations · all salaries in New Jersey
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 13-2072. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a loan officer make in New Jersey?
The median salary for loan officers in New Jersey is $92,920 a year, or $44.67 an hour. Pay ranges from $50,490 for the lowest-paid 10% to $169,280 for the top 10%.
How much do the highest-paid loan officers make in New Jersey?
The top 10% of loan officers in New Jersey earn at least $169,280 a year. The top 25% earn $131,870 or more.
What is the starting pay for loan officers in New Jersey?
Entry-level pay (the 10th percentile) is about $50,490 a year, and a quarter of loan officers earn $62,740 or less.
How many loan officers work in New Jersey?
About 6,200 loan officers are employed in New Jersey, not counting the self-employed.