Loan Officer salary in Elmira, NY
Loan Officers in the Elmira, NY metro area earn a median of $95,050 a year ($45.70 an hour), based on BLS data for 40 workers.
Pay ranges from $44,660 for the lowest-paid 10% to $262,380 for the top 10%. That is 24% higher than the national median of $76,690. Pay here is 1% lower than the New York statewide median of $95,710. There are 1.1 loan officers per 1,000 jobs here — the job is less common than nationally (location quotient 0.61). The average (mean) salary is $129,370, above the median because a few high earners pull it up.
Pay range for loan officers in Elmira, NY
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $44,660 | $21.47 |
| 25th percentile | $53,620 | $25.78 |
| Median | $95,050 | $45.70 |
| 75th percentile | $213,640 | $102.71 |
| 90th percentile (top earners) | $262,380 | $126.15 |
| Average (mean) | $129,370 | $62.20 |
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 | $7,920.83 |
| Semi-monthly (24 a year) | $3,960.42 |
| Biweekly (26 a year) | $3,655.77 |
| Weekly | $1,827.88 |
| Hourly | $45.70 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $95,050 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 |
| 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 |
| 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 Elmira, NY
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $79,540 | $38.24 |
| Project Management Specialist | $96,250 | $46.27 |
| Human Resources Specialist | $72,160 | $34.69 |
| Market Research Analysts and Marketing Specialists | $58,410 | $28.08 |
| Business Operations Specialists, All Other | $46,400 | $22.31 |
| Buyers and Purchasing Agents | $67,790 | $32.59 |
| Training and Development Specialists | $71,990 | $34.61 |
| Management Analyst | $90,190 | $43.36 |
| Cost Estimator | $77,400 | $37.21 |
| Compliance Officer | $65,480 | $31.48 |
More: Business and Financial Operations Occupations · all salaries in Elmira, 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 Elmira, NY?
The median salary for loan officers in the Elmira, NY metro area is $95,050 a year, or $45.70 an hour. Pay ranges from $44,660 for the lowest-paid 10% to $262,380 for the top 10%.
How much do the highest-paid loan officers make in Elmira, NY?
The top 10% of loan officers in the Elmira, NY metro area earn at least $262,380 a year. The top 25% earn $213,640 or more.
What is the starting pay for loan officers in Elmira, NY?
Entry-level pay (the 10th percentile) is about $44,660 a year, and a quarter of loan officers earn $53,620 or less.
How many loan officers work in Elmira, NY?
About 40 loan officers are employed in the Elmira, NY metro area, not counting the self-employed.