Loan Officer salary in Norwich-New London-Willimantic, CT
Loan Officers in the Norwich-New London-Willimantic, CT metro area earn a median of $96,500 a year ($46.39 an hour), based on BLS data for 70 workers.
Pay ranges from $50,310 for the lowest-paid 10% to $173,880 for the top 10%. That is 26% higher than the national median of $76,690. Pay here is 1% higher than the Connecticut statewide median of $95,730. There are 0.58 loan officers per 1,000 jobs here — the job is less common than nationally (location quotient 0.33). The average (mean) salary is $116,460, above the median because a few high earners pull it up.
Pay range for loan officers in Norwich-New London-Willimantic, CT
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $50,310 | $24.19 |
| 25th percentile | $67,610 | $32.50 |
| Median | $96,500 | $46.39 |
| 75th percentile | $134,350 | $64.59 |
| 90th percentile (top earners) | $173,880 | $83.59 |
| Average (mean) | $116,460 | $55.99 |
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 | $8,041.67 |
| Semi-monthly (24 a year) | $4,020.83 |
| Biweekly (26 a year) | $3,711.54 |
| Weekly | $1,855.77 |
| Hourly | $46.39 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $96,500 salary, see how much house you can afford in Connecticut 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 |
|---|---|---|
| Bridgeport-Stamford-Danbury, CT | $103,850 | 560 |
| New Haven, CT | $98,930 | 230 |
| Waterbury-Shelton, CT | $95,530 | 130 |
| Hartford-West Hartford-East Hartford, CT | $83,160 | 920 |
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 Connecticut statewide figures.
Related jobs in Norwich-New London-Willimantic, CT
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $82,530 | $39.68 |
| Financial and Investment Analysts | $95,830 | $46.07 |
| Personal Financial Advisor | $124,490 | $59.85 |
| Financial Specialists, All Other | $91,750 | $44.11 |
| Tax Examiners and Collectors, and Revenue Agents | $76,270 | $36.67 |
| Property Appraisers and Assessors | $81,120 | $39.00 |
| Project Management Specialist | $109,800 | $52.79 |
| Buyers and Purchasing Agents | $82,450 | $39.64 |
| Human Resources Specialist | $76,810 | $36.93 |
| Business Operations Specialists, All Other | $92,690 | $44.56 |
| Compliance Officer | $83,700 | $40.24 |
| Market Research Analysts and Marketing Specialists | $62,700 | $30.14 |
| Training and Development Specialists | $85,320 | $41.02 |
| Management Analyst | $108,430 | $52.13 |
More: Business and Financial Operations Occupations · all salaries in Norwich-New London-Willimantic, CT
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 Norwich-New London-Willimantic, CT?
The median salary for loan officers in the Norwich-New London-Willimantic, CT metro area is $96,500 a year, or $46.39 an hour. Pay ranges from $50,310 for the lowest-paid 10% to $173,880 for the top 10%.
How much do the highest-paid loan officers make in Norwich-New London-Willimantic, CT?
The top 10% of loan officers in the Norwich-New London-Willimantic, CT metro area earn at least $173,880 a year. The top 25% earn $134,350 or more.
What is the starting pay for loan officers in Norwich-New London-Willimantic, CT?
Entry-level pay (the 10th percentile) is about $50,310 a year, and a quarter of loan officers earn $67,610 or less.
How many loan officers work in Norwich-New London-Willimantic, CT?
About 70 loan officers are employed in the Norwich-New London-Willimantic, CT metro area, not counting the self-employed.