Loan Officer salary in Morgantown, WV
Loan Officers in the Morgantown, WV metro area earn a median of $67,440 a year ($32.43 an hour), based on BLS data for 90 workers.
Pay ranges from $37,110 for the lowest-paid 10% to $128,400 for the top 10%. That is 12% lower than the national median of $76,690. Pay here is 17% higher than the West Virginia statewide median of $57,580. There are 1.4 loan officers per 1,000 jobs here — the job is less common than nationally (location quotient 0.77). The average (mean) salary is $75,670, above the median because a few high earners pull it up.
Pay range for loan officers in Morgantown, WV
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $37,110 | $17.84 |
| 25th percentile | $49,880 | $23.98 |
| Median | $67,440 | $32.43 |
| 75th percentile | $92,740 | $44.59 |
| 90th percentile (top earners) | $128,400 | $61.73 |
| Average (mean) | $75,670 | $36.38 |
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 | $5,620 |
| Semi-monthly (24 a year) | $2,810 |
| Biweekly (26 a year) | $2,593.85 |
| Weekly | $1,296.92 |
| Hourly | $32.43 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $67,440 salary, see how much house you can afford in West Virginia 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 |
|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV | $97,800 | 5,000 |
| Winchester, VA-WV | $63,320 | 280 |
| Hagerstown-Martinsburg, MD-WV | $62,060 | 120 |
| Parkersburg-Vienna, WV | $59,180 | 80 |
| Wheeling, WV-OH | $59,060 | 110 |
| Charleston, WV | $58,390 | 180 |
| Huntington-Ashland, WV-KY-OH | $57,000 | 210 |
| Weirton-Steubenville, WV-OH | $52,380 | 50 |
| Beckley, WV | $49,680 | 60 |
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 West Virginia statewide figures.
Related jobs in Morgantown, WV
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $71,740 | $34.49 |
| Financial Specialists, All Other | $81,910 | $39.38 |
| Personal Financial Advisor | $81,610 | $39.24 |
| Financial and Investment Analysts | $76,430 | $36.74 |
| Property Appraisers and Assessors | $38,640 | $18.58 |
| Credit Analyst | $58,650 | $28.20 |
| Credit Counselor | $48,890 | $23.51 |
| Business Operations Specialists, All Other | $62,080 | $29.85 |
| Project Management Specialist | $80,900 | $38.90 |
| Human Resources Specialist | $63,500 | $30.53 |
| Market Research Analysts and Marketing Specialists | $54,660 | $26.28 |
| Management Analyst | $76,150 | $36.61 |
| Training and Development Specialists | $69,560 | $33.44 |
| Compliance Officer | $81,270 | $39.07 |
More: Business and Financial Operations Occupations · all salaries in Morgantown, WV
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 Morgantown, WV?
The median salary for loan officers in the Morgantown, WV metro area is $67,440 a year, or $32.43 an hour. Pay ranges from $37,110 for the lowest-paid 10% to $128,400 for the top 10%.
How much do the highest-paid loan officers make in Morgantown, WV?
The top 10% of loan officers in the Morgantown, WV metro area earn at least $128,400 a year. The top 25% earn $92,740 or more.
What is the starting pay for loan officers in Morgantown, WV?
Entry-level pay (the 10th percentile) is about $37,110 a year, and a quarter of loan officers earn $49,880 or less.
How many loan officers work in Morgantown, WV?
About 90 loan officers are employed in the Morgantown, WV metro area, not counting the self-employed.