SOC 13-2072 · May 2025 · BLS OEWS
Loan Officers — New Jersey
New Jersey · 3 metro areas compared
In New Jersey the median wage for Loan Officers is $92,920 a year, which is 21.2% higher than the national figure of $76,690.
Wage distribution · annual
Shaded band holds the middle 50% of earners
Salary overview
In New Jersey the median wage for Loan Officers is $92,920 a year, which is 21.2% higher than the national figure of $76,690. The middle half of workers in this occupation earn between $62,740 and $131,870. The lowest tenth earn under $50,490, while the highest tenth earn more than $169,280.
The area has 6,200 jobs in this occupation, which works out to 1.4 of every thousand jobs. New Jersey ranks number 7th out of 51 states by median pay for this occupation. Within the state, Trenton records the highest median at $90,430. Of the 736 occupations with published wages in this area, it sits 194th.
Percentile breakdown
| Percentile | Annual | vs US median |
|---|---|---|
| 10th | $50,490 | −34.2% |
| 25th | $62,740 | −18.2% |
| Median (50th) | $92,920 | +21.2% |
| 75th | $131,870 | +72.0% |
| 90th | $169,280 | +120.7% |
| Mean | $102,890 | +34.2% |
Highest-paying metro areas in New Jersey
| # | Metro area | Median | Jobs | Relative |
|---|---|---|---|---|
| 1 | Trenton | $90,430 | 330 | |
| 2 | Atlantic City | $84,260 | 90 | |
| 3 | Vineland | $78,540 | 50 |
What the pay is worth locally
Prices in New Jersey run 8.8% above the national average, so the median of $92,920 buys what $85,404 would elsewhere in the country. Measured that way the gap against the national median narrows to 11.4% above the national median in real terms.
Published median
$92,920as reported by BLSLocal price level
108.8US average = 100 · BEA 2024Adjusted for local prices
$85,404US average = 100 · BEA 2024Key takeaways
- Median pay is $92,920 a year, 21.2% above the national median.
- Published pay spans $50,490 to $169,280 between the tenth and ninetieth percentiles.
- The area has 6,200 jobs in this occupation.
- It ranks 7th of 51 states for this occupation.
- The highest-paying metro area covered is Trenton, at $90,430.
Frequently asked questions
What is the median wage for Loan Officers in New Jersey?
The median annual wage is $92,920, or $44.67 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 New Jersey is 21.2% 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 New Jersey earns more than $169,280 per year. The ninetieth percentile is the highest figure the survey publishes.
What is the starting range?
The tenth percentile wage is $50,490 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 Trenton, at $90,430 per year.
How many jobs are there in this occupation here?
The survey estimates 6,200 jobs in this occupation in New Jersey. 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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