SOC 13-2072 · May 2025 · BLS OEWS
Loan Officers — Norwich
Norwich-New London-Willimantic, CT · 4 metro areas compared
The median wage for Loan Officers in Norwich, CT is $96,500 per year, well above the national median of $76,690.
Wage distribution · annual
Shaded band holds the middle 50% of earners
Salary overview
The median wage for Loan Officers in Norwich, CT is $96,500 per year, well above the national median of $76,690. The gap of 25.8% is among the widest recorded for this occupation. Half of workers earn between $67,610 and $134,350. Beyond that band, the tenth percentile sits at $50,310 and the ninetieth at $173,880.
The area has 70 jobs in this occupation, which works out to 0.6 of every thousand jobs. Within the state, Bridgeport records the highest median at $103,850. Of the 342 occupations with published wages in this area, it sits 79th.
Percentile breakdown
| Percentile | Annual | vs US median |
|---|---|---|
| 10th | $50,310 | −34.4% |
| 25th | $67,610 | −11.8% |
| Median (50th) | $96,500 | +25.8% |
| 75th | $134,350 | +75.2% |
| 90th | $173,880 | +126.7% |
| Mean | $116,460 | +51.9% |
Other metro areas in Connecticut
| # | Metro area | Median | Jobs | Relative |
|---|---|---|---|---|
| 1 | Bridgeport | $103,850 | 560 | |
| 2 | New Haven | $98,930 | 230 | |
| 3 | Waterbury | $95,530 | 130 | |
| 4 | Hartford | $83,160 | 920 |
What the pay is worth locally
Prices in Norwich run 3.6% above the national average, so the median of $96,500 buys what $93,147 would elsewhere in the country. Measured that way the gap against the national median narrows to 21.5% above the national median in real terms.
Published median
$96,500as reported by BLSLocal price level
103.6US average = 100 · BEA 2024Adjusted for local prices
$93,147US average = 100 · BEA 2024Key takeaways
- Median pay is $96,500 a year, 25.8% above the national median.
- Published pay spans $50,310 to $173,880 between the tenth and ninetieth percentiles.
- The area has 70 jobs in 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 Norwich, CT?
The median annual wage is $96,500, or $46.39 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 Norwich, CT is 25.8% 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 Norwich, CT earns more than $173,880 per year. The ninetieth percentile is the highest figure the survey publishes.
What is the starting range?
The tenth percentile wage is $50,310 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 70 jobs in this occupation in Norwich, CT. 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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