Loan Officer salary in Salisbury, MD
Loan Officers in the Salisbury, MD metro area earn a median of $60,700 a year ($29.18 an hour), based on BLS data for 50 workers.
Pay ranges from $37,890 for the lowest-paid 10% to $134,060 for the top 10%. That is 21% lower than the national median of $76,690. Pay here is 18% lower than the Maryland statewide median of $73,580. There are 0.87 loan officers per 1,000 jobs here — the job is less common than nationally (location quotient 0.49). The average (mean) salary is $73,730, above the median because a few high earners pull it up.
Pay range for loan officers in Salisbury, MD
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $37,890 | $18.22 |
| 25th percentile | $43,830 | $21.07 |
| Median | $60,700 | $29.18 |
| 75th percentile | $80,080 | $38.50 |
| 90th percentile (top earners) | $134,060 | $64.45 |
| Average (mean) | $73,730 | $35.45 |
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 | $5,058.33 |
| Semi-monthly (24 a year) | $2,529.17 |
| Biweekly (26 a year) | $2,334.62 |
| Weekly | $1,167.31 |
| Hourly | $29.18 |
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 |
|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV | $97,800 | 5,000 |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD | $77,590 | 4,660 |
| Baltimore-Columbia-Towson, MD | $68,470 | 1,810 |
| Lexington Park, MD | $64,390 | 70 |
| Hagerstown-Martinsburg, MD-WV | $62,060 | 120 |
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 Maryland statewide figures.
Related jobs in Salisbury, MD
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $76,300 | $36.68 |
| Financial and Investment Analysts | $93,540 | $44.97 |
| Personal Financial Advisor | $89,090 | $42.83 |
| Financial Specialists, All Other | $62,190 | $29.90 |
| Business Operations Specialists, All Other | $80,510 | $38.71 |
| Project Management Specialist | $80,400 | $38.66 |
| Human Resources Specialist | $67,640 | $32.52 |
| Training and Development Specialists | $59,680 | $28.69 |
| Compliance Officer | $75,190 | $36.15 |
| Market Research Analysts and Marketing Specialists | $61,990 | $29.80 |
| Meeting, Convention, and Event Planners | $44,830 | $21.55 |
| Buyers and Purchasing Agents | $75,630 | $36.36 |
| Cost Estimator | $74,420 | $35.78 |
| Management Analyst | $90,700 | $43.61 |
More: Business and Financial Operations Occupations · all salaries in Salisbury, MD
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 Salisbury, MD?
The median salary for loan officers in the Salisbury, MD metro area is $60,700 a year, or $29.18 an hour. Pay ranges from $37,890 for the lowest-paid 10% to $134,060 for the top 10%.
How much do the highest-paid loan officers make in Salisbury, MD?
The top 10% of loan officers in the Salisbury, MD metro area earn at least $134,060 a year. The top 25% earn $80,080 or more.
What is the starting pay for loan officers in Salisbury, MD?
Entry-level pay (the 10th percentile) is about $37,890 a year, and a quarter of loan officers earn $43,830 or less.
How many loan officers work in Salisbury, MD?
About 50 loan officers are employed in the Salisbury, MD metro area, not counting the self-employed.