Loan Officer salary in Rochester, NY
Loan Officers in the Rochester, NY metro area earn a median of $82,280 a year ($39.56 an hour), based on BLS data for 470 workers.
Pay ranges from $52,180 for the lowest-paid 10% to $215,160 for the top 10%. That is 7% higher than the national median of $76,690. Pay here is 14% lower than the New York statewide median of $95,710. There are 0.94 loan officers per 1,000 jobs here — the job is less common than nationally (location quotient 0.54). The average (mean) salary is $111,610, above the median because a few high earners pull it up.
Pay range for loan officers in Rochester, NY
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $52,180 | $25.09 |
| 25th percentile | $64,890 | $31.20 |
| Median | $82,280 | $39.56 |
| 75th percentile | $132,340 | $63.63 |
| 90th percentile (top earners) | $215,160 | $103.44 |
| Average (mean) | $111,610 | $53.66 |
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 | $6,856.67 |
| Semi-monthly (24 a year) | $3,428.33 |
| Biweekly (26 a year) | $3,164.62 |
| Weekly | $1,582.31 |
| Hourly | $39.56 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Loan Officer salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| New York-Newark-Jersey City, NY-NJ | $101,570 | 10,350 |
| Elmira, NY | $95,050 | 40 |
| Glens Falls, NY | $83,810 | 40 |
| Watertown-Fort Drum, NY | $81,850 | 60 |
| Albany-Schenectady-Troy, NY | $79,710 | 560 |
| Kiryas Joel-Poughkeepsie-Newburgh, NY | $79,670 | 260 |
| Syracuse, NY | $78,580 | 300 |
| Buffalo-Cheektowaga, NY | $76,170 | 900 |
| Ithaca, NY | $75,060 | 60 |
| Binghamton, NY | $68,680 | 80 |
| Kingston, NY | $65,870 | 80 |
| Utica-Rome, NY | $61,910 | 170 |
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 |
See Loan Officer pay in every state or the New York statewide figures.
Related jobs in Rochester, NY
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $80,890 | $38.89 |
| Financial and Investment Analysts | $94,940 | $45.64 |
| Personal Financial Advisor | $101,150 | $48.63 |
| Tax Preparer | $60,180 | $28.93 |
| Insurance Underwriter | $94,310 | $45.34 |
| Financial Risk Specialist | $85,540 | $41.13 |
| Credit Analyst | $96,390 | $46.34 |
| Property Appraisers and Assessors | $75,940 | $36.51 |
| Credit Counselor | $60,040 | $28.87 |
| Financial Specialists, All Other | $77,090 | $37.06 |
| Financial Examiner | $83,400 | $40.10 |
| Budget Analyst | $88,890 | $42.73 |
| Tax Examiners and Collectors, and Revenue Agents | $80,610 | $38.76 |
| Project Management Specialist | $103,520 | $49.77 |
More: Business and Financial Operations Occupations · all salaries in Rochester, NY
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 Rochester, NY?
The median salary for loan officers in the Rochester, NY metro area is $82,280 a year, or $39.56 an hour. Pay ranges from $52,180 for the lowest-paid 10% to $215,160 for the top 10%.
How much do the highest-paid loan officers make in Rochester, NY?
The top 10% of loan officers in the Rochester, NY metro area earn at least $215,160 a year. The top 25% earn $132,340 or more.
What is the starting pay for loan officers in Rochester, NY?
Entry-level pay (the 10th percentile) is about $52,180 a year, and a quarter of loan officers earn $64,890 or less.
How many loan officers work in Rochester, NY?
About 470 loan officers are employed in the Rochester, NY metro area, not counting the self-employed.