SOC 13-2072 · May 2025 · BLS OEWS
Loan Officers — Connecticut
Connecticut · 5 metro areas compared
The median wage for Loan Officers in Connecticut is $95,730 per year, 24.8% above the national median of $76,690.
Wage distribution · annual
Shaded band holds the middle 50% of earners
How pay has moved
The next ten years
Projected to grow more slowly than average
- Change in jobs, 2024 to 2034
- +1.7%
- Openings per year
- 20,300
- Typical entry-level education
- Bachelor's degree
- Related work experience
- Less than 5 years
- On-the-job training
- Moderate-term on-the-job training
Includes jobs opened by workers leaving the occupation, not only new positions.
Projections are published nationally only. This is the outlook for the occupation across the United States, not a measurement for Connecticut.
Projections are based on 2024 employment and run to 2034. The wages above are from the May 2025 survey, a separate BLS programme on a different release cycle, so the two are not two views of one dataset.
Salary overview
The median wage for Loan Officers in Connecticut is $95,730 per year, 24.8% above the national median of $76,690. Half of workers earn between $63,790 and $121,360. Beyond that band, the tenth percentile sits at $50,300 and the ninetieth at $171,280.
Employment stands at 2,220, or 1.3 jobs per thousand held locally. Connecticut ranks number 2nd out of 51 states by median pay for this occupation. Within the state, Bridgeport records the highest median at $103,850. Of the 674 occupations with published wages in this area, it sits 160th.
Percentile breakdown
| Percentile | Annual | vs US median |
|---|---|---|
| 10th | $50,300 | −34.4% |
| 25th | $63,790 | −16.8% |
| Median (50th) | $95,730 | +24.8% |
| 75th | $121,360 | +58.2% |
| 90th | $171,280 | +123.3% |
| Mean | $101,710 | +32.6% |
Highest-paying metro areas in Connecticut
| # | Metro area | Median | Jobs | Relative |
|---|---|---|---|---|
| 1 | Bridgeport | $103,850 | 560 | |
| 2 | New Haven | $98,930 | 230 | |
| 3 | Norwich | $96,500 | 70 | |
| 4 | Waterbury | $95,530 | 130 | |
| 5 | Hartford | $83,160 | 920 |
What the pay is worth locally
Prices in Connecticut run 3.6% above the national average, so the median of $95,730 buys what $92,403 would elsewhere in the country. Measured that way the gap against the national median narrows to 20.5% above the national median in real terms.
Published median
$95,730as reported by BLSLocal price level
103.6US average = 100 · BEA 2024Adjusted for local prices
$92,403US average = 100 · BEA 2024Why the state that pays most is usually not where pay goes furthest
Key takeaways
- Median pay is $95,730 a year, 24.8% above the national median.
- Published pay spans $50,300 to $171,280 between the tenth and ninetieth percentiles.
- The area has 2,220 jobs in this occupation.
- It ranks 2nd of 51 states for this occupation.
- The highest-paying metro area covered is Bridgeport, at $103,850.
Frequently asked questions
What is the median wage for Loan Officers in Connecticut?
The median annual wage is $95,730, or $46.03 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 Connecticut is 24.8% 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 Connecticut earns more than $171,280 per year. The ninetieth percentile is the highest figure the survey publishes.
What is the starting range?
The tenth percentile wage is $50,300 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 Bridgeport, at $103,850 per year.
How many jobs are there in this occupation here?
The survey estimates 2,220 jobs in this occupation in Connecticut. 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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