Loan Officer salary in Erie, PA
Loan Officers in the Erie, PA metro area earn a median of $54,530 a year ($26.22 an hour), based on BLS data for 130 workers.
Pay ranges from $42,460 for the lowest-paid 10% to $121,640 for the top 10%. That is 29% lower than the national median of $76,690. Pay here is 21% lower than the Pennsylvania statewide median of $69,300. 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 $68,440, above the median because a few high earners pull it up.
Pay range for loan officers in Erie, PA
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $42,460 | $20.41 |
| 25th percentile | $46,540 | $22.38 |
| Median | $54,530 | $26.22 |
| 75th percentile | $83,360 | $40.08 |
| 90th percentile (top earners) | $121,640 | $58.48 |
| Average (mean) | $68,440 | $32.91 |
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 | $4,544.17 |
| Semi-monthly (24 a year) | $2,272.08 |
| Biweekly (26 a year) | $2,097.31 |
| Weekly | $1,048.65 |
| Hourly | $26.22 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $54,530 salary, see how much house you can afford in Pennsylvania 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 |
|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD | $77,590 | 4,660 |
| Lancaster, PA | $74,450 | 280 |
| Scranton--Wilkes-Barre, PA | $74,430 | 300 |
| Lebanon, PA | $74,380 | 50 |
| Pittsburgh, PA | $73,360 | 1,440 |
| Johnstown, PA | $68,820 | 70 |
| Harrisburg-Carlisle, PA | $66,500 | 450 |
| Allentown-Bethlehem-Easton, PA-NJ | $66,480 | 290 |
| Chambersburg, PA | $62,770 | 80 |
| Reading, PA | $62,630 | 180 |
| Altoona, PA | $62,150 | 90 |
| York-Hanover, PA | $62,030 | 130 |
| Williamsport, PA | $60,600 | 70 |
| State College, PA | $59,540 | 50 |
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 Pennsylvania statewide figures.
Related jobs in Erie, PA
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $70,000 | $33.65 |
| Financial and Investment Analysts | $78,780 | $37.88 |
| Personal Financial Advisor | $97,370 | $46.81 |
| Tax Preparer | $58,460 | $28.11 |
| Financial Examiner | $73,960 | $35.56 |
| Tax Examiners and Collectors, and Revenue Agents | $59,720 | $28.71 |
| Human Resources Specialist | $60,860 | $29.26 |
| Project Management Specialist | $93,590 | $45.00 |
| Market Research Analysts and Marketing Specialists | $60,700 | $29.18 |
| Buyers and Purchasing Agents | $61,920 | $29.77 |
| Business Operations Specialists, All Other | $73,420 | $35.30 |
| Management Analyst | $79,130 | $38.05 |
| Training and Development Specialists | $63,380 | $30.47 |
| Compliance Officer | $64,860 | $31.18 |
More: Business and Financial Operations Occupations · all salaries in Erie, PA
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 Erie, PA?
The median salary for loan officers in the Erie, PA metro area is $54,530 a year, or $26.22 an hour. Pay ranges from $42,460 for the lowest-paid 10% to $121,640 for the top 10%.
How much do the highest-paid loan officers make in Erie, PA?
The top 10% of loan officers in the Erie, PA metro area earn at least $121,640 a year. The top 25% earn $83,360 or more.
What is the starting pay for loan officers in Erie, PA?
Entry-level pay (the 10th percentile) is about $42,460 a year, and a quarter of loan officers earn $46,540 or less.
How many loan officers work in Erie, PA?
About 130 loan officers are employed in the Erie, PA metro area, not counting the self-employed.