Loan Officer salary in Buffalo-Cheektowaga, NY
Loan Officers in the Buffalo-Cheektowaga, NY metro area earn a median of $76,170 a year ($36.62 an hour), based on BLS data for 900 workers.
Pay ranges from $45,540 for the lowest-paid 10% to $173,730 for the top 10%. That is 1% lower than the national median of $76,690. Pay here is 20% lower than the New York statewide median of $95,710. There are 1.7 loan officers per 1,000 jobs here — close to the national average. The average (mean) salary is $92,350, above the median because a few high earners pull it up.
Pay range for loan officers in Buffalo-Cheektowaga, NY
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $45,540 | $21.89 |
| 25th percentile | $58,970 | $28.35 |
| Median | $76,170 | $36.62 |
| 75th percentile | $102,400 | $49.23 |
| 90th percentile (top earners) | $173,730 | $83.53 |
| Average (mean) | $92,350 | $44.40 |
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 | $6,347.50 |
| Semi-monthly (24 a year) | $3,173.75 |
| Biweekly (26 a year) | $2,929.62 |
| Weekly | $1,464.81 |
| Hourly | $36.62 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $76,170 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 |
| Ithaca, NY | $75,060 | 60 |
| Binghamton, NY | $68,680 | 80 |
| 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 Buffalo-Cheektowaga, NY
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $82,120 | $39.48 |
| Financial and Investment Analysts | $96,490 | $46.39 |
| Personal Financial Advisor | $103,650 | $49.83 |
| Financial Examiner | $77,100 | $37.07 |
| Financial Risk Specialist | $96,980 | $46.62 |
| Credit Analyst | $99,640 | $47.91 |
| Tax Preparer | $60,040 | $28.87 |
| Financial Specialists, All Other | $76,170 | $36.62 |
| Insurance Underwriter | $95,370 | $45.85 |
| Property Appraisers and Assessors | $79,030 | $38.00 |
| Credit Counselor | $57,240 | $27.52 |
| Tax Examiners and Collectors, and Revenue Agents | $95,740 | $46.03 |
| Budget Analyst | $88,690 | $42.64 |
| Project Management Specialist | $101,180 | $48.64 |
More: Business and Financial Operations Occupations · all salaries in Buffalo-Cheektowaga, 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 Buffalo-Cheektowaga, NY?
The median salary for loan officers in the Buffalo-Cheektowaga, NY metro area is $76,170 a year, or $36.62 an hour. Pay ranges from $45,540 for the lowest-paid 10% to $173,730 for the top 10%.
How much do the highest-paid loan officers make in Buffalo-Cheektowaga, NY?
The top 10% of loan officers in the Buffalo-Cheektowaga, NY metro area earn at least $173,730 a year. The top 25% earn $102,400 or more.
What is the starting pay for loan officers in Buffalo-Cheektowaga, NY?
Entry-level pay (the 10th percentile) is about $45,540 a year, and a quarter of loan officers earn $58,970 or less.
How many loan officers work in Buffalo-Cheektowaga, NY?
About 900 loan officers are employed in the Buffalo-Cheektowaga, NY metro area, not counting the self-employed.