Loan Officer salary in Binghamton, NY
Loan Officers in the Binghamton, NY metro area earn a median of $68,680 a year ($33.02 an hour), based on BLS data for 80 workers.
Pay ranges from $50,230 for the lowest-paid 10% to $164,000 for the top 10%. That is 10% lower than the national median of $76,690. Pay here is 28% lower than the New York statewide median of $95,710. There are 0.82 loan officers per 1,000 jobs here — the job is less common than nationally (location quotient 0.46). The average (mean) salary is $91,200, above the median because a few high earners pull it up.
Pay range for loan officers in Binghamton, NY
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $50,230 | $24.15 |
| 25th percentile | $58,080 | $27.92 |
| Median | $68,680 | $33.02 |
| 75th percentile | $133,650 | $64.26 |
| 90th percentile (top earners) | $164,000 | $78.85 |
| Average (mean) | $91,200 | $43.85 |
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 | $5,723.33 |
| Semi-monthly (24 a year) | $2,861.67 |
| Biweekly (26 a year) | $2,641.54 |
| Weekly | $1,320.77 |
| Hourly | $33.02 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $68,680 salary, see how much house you can afford in New York at today's mortgage rates, or work out a payment with the mortgage calculator.
Loan Officer salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| New York-Newark-Jersey City, NY-NJ | $101,570 | 10,350 |
| Elmira, NY | $95,050 | 40 |
| Glens Falls, NY | $83,810 | 40 |
| Rochester, NY | $82,280 | 470 |
| Watertown-Fort Drum, NY | $81,850 | 60 |
| Albany-Schenectady-Troy, NY | $79,710 | 560 |
| Kiryas Joel-Poughkeepsie-Newburgh, NY | $79,670 | 260 |
| Syracuse, NY | $78,580 | 300 |
| Buffalo-Cheektowaga, NY | $76,170 | 900 |
| Ithaca, NY | $75,060 | 60 |
| Kingston, NY | $65,870 | 80 |
| Utica-Rome, NY | $61,910 | 170 |
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 New York statewide figures.
Related jobs in Binghamton, NY
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $82,500 | $39.67 |
| Financial and Investment Analysts | $98,460 | $47.34 |
| Personal Financial Advisor | $103,590 | $49.80 |
| Tax Preparer | $54,880 | $26.39 |
| Financial Specialists, All Other | $59,750 | $28.73 |
| Project Management Specialist | $106,580 | $51.24 |
| Management Analyst | $82,020 | $39.43 |
| Training and Development Specialists | $68,270 | $32.82 |
| Market Research Analysts and Marketing Specialists | $66,330 | $31.89 |
| Human Resources Specialist | $76,140 | $36.61 |
| Buyers and Purchasing Agents | $77,380 | $37.20 |
| Claims Adjusters, Examiners, and Investigators | $87,320 | $41.98 |
| Business Operations Specialists, All Other | $83,330 | $40.06 |
| Compliance Officer | $75,750 | $36.42 |
More: Business and Financial Operations Occupations · all salaries in Binghamton, NY
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 Binghamton, NY?
The median salary for loan officers in the Binghamton, NY metro area is $68,680 a year, or $33.02 an hour. Pay ranges from $50,230 for the lowest-paid 10% to $164,000 for the top 10%.
How much do the highest-paid loan officers make in Binghamton, NY?
The top 10% of loan officers in the Binghamton, NY metro area earn at least $164,000 a year. The top 25% earn $133,650 or more.
What is the starting pay for loan officers in Binghamton, NY?
Entry-level pay (the 10th percentile) is about $50,230 a year, and a quarter of loan officers earn $58,080 or less.
How many loan officers work in Binghamton, NY?
About 80 loan officers are employed in the Binghamton, NY metro area, not counting the self-employed.