SOC 13-2072 · May 2025 · BLS OEWS
Loan Officers — Albany
Albany-Schenectady-Troy, NY · 10 metro areas compared
At $79,710, median pay for Loan Officers in Albany, NY tracks the national median of $76,690 closely.
Wage distribution · annual
Shaded band holds the middle 50% of earners
Salary overview
At $79,710, median pay for Loan Officers in Albany, NY tracks the national median of $76,690 closely. The middle half of workers in this occupation earn between $58,720 and $121,300. The lowest tenth earn under $47,860, while the highest tenth earn more than $167,120.
Employment stands at 560, or 1.3 jobs per thousand held locally. New York leads the state's metro areas for this occupation, at $101,570. Set against every other occupation measured in the same area, it ranks 190th of 557 by median pay.
Percentile breakdown
| Percentile | Annual | vs US median |
|---|---|---|
| 10th | $47,860 | −37.6% |
| 25th | $58,720 | −23.4% |
| Median (50th) | $79,710 | +3.9% |
| 75th | $121,300 | +58.2% |
| 90th | $167,120 | +117.9% |
| Mean | $97,270 | +26.8% |
Other metro areas in New York
| # | Metro area | Median | Jobs | Relative |
|---|---|---|---|---|
| 1 | New York | $101,570 | 10,350 | |
| 2 | Elmira | $95,050 | 40 | |
| 3 | Glens Falls | $83,810 | 40 | |
| 4 | Rochester | $82,280 | 470 | |
| 5 | Watertown | $81,850 | 60 | |
| 6 | Kiryas Joel | $79,670 | 260 | |
| 7 | Syracuse | $78,580 | 300 | |
| 8 | Buffalo | $76,170 | 900 | |
| 9 | Ithaca | $75,060 | 60 | |
| 10 | Binghamton | $68,680 | 80 |
What the pay is worth locally
Prices in Albany run 7.9% above the national average, so the median of $79,710 buys what $73,874 would elsewhere in the country. Measured that way the gap against the national median narrows to 3.7% below the national median in real terms.
Published median
$79,710as reported by BLSLocal price level
107.9US average = 100 · BEA 2024Adjusted for local prices
$73,874US average = 100 · BEA 2024Key takeaways
- Median pay is $79,710 a year, 3.9% above the national median.
- Published pay spans $47,860 to $167,120 between the tenth and ninetieth percentiles.
- The area has 560 jobs in this occupation.
- The highest-paying metro area covered is New York, at $101,570.
Frequently asked questions
What is the median wage for Loan Officers in Albany, NY?
The median annual wage is $79,710, or $38.32 per hour, as of May 2025. Half of the workers in this occupation earn more than that and half earn less.
Is that higher than the national average?
The national median for this occupation is $76,690, so pay in Albany, NY is 3.9% higher. These figures are medians, not averages: half of workers fall on each side.
What do the top earners make?
The top tenth of this occupation in Albany, NY earns more than $167,120 per year. The ninetieth percentile is the highest figure the survey publishes.
What is the starting range?
The tenth percentile wage is $47,860 per year. The survey measures wages actually paid rather than experience level, so this reflects the lowest-paid tenth rather than entry-level pay specifically.
Which area nearby pays the most?
The highest median for this occupation among the metro areas covered is in New York, at $101,570 per year.
How many jobs are there in this occupation here?
The survey estimates 560 jobs in this occupation in Albany, NY. Self-employed workers are not included.
Source and methodology
U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 Wages are for wage-and-salary workers; self-employed workers are not included. Salary Explorer is an independent project. It is not affiliated with, or endorsed by, the U.S. Bureau of Labor Statistics or any government agency. Full methodology.
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