Loan Officer salary in State College, PA
Loan Officers in the State College, PA metro area earn a median of $59,540 a year ($28.63 an hour), based on BLS data for 50 workers.
Pay ranges from $38,800 for the lowest-paid 10% to $121,230 for the top 10%. That is 22% lower than the national median of $76,690. Pay here is 14% lower than the Pennsylvania statewide median of $69,300. There are 0.69 loan officers per 1,000 jobs here — the job is less common than nationally (location quotient 0.39). The average (mean) salary is $72,790, above the median because a few high earners pull it up.
Pay range for loan officers in State College, PA
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $38,800 | $18.66 |
| 25th percentile | $48,960 | $23.54 |
| Median | $59,540 | $28.63 |
| 75th percentile | $90,530 | $43.52 |
| 90th percentile (top earners) | $121,230 | $58.28 |
| Average (mean) | $72,790 | $35.00 |
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 | $4,961.67 |
| Semi-monthly (24 a year) | $2,480.83 |
| Biweekly (26 a year) | $2,290 |
| Weekly | $1,145 |
| Hourly | $28.63 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $59,540 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 |
| Erie, PA | $54,530 | 130 |
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 State College, PA
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $73,040 | $35.11 |
| Personal Financial Advisor | $98,410 | $47.31 |
| Tax Examiners and Collectors, and Revenue Agents | $59,190 | $28.46 |
| Budget Analyst | $78,060 | $37.53 |
| Financial and Investment Analysts | $76,690 | $36.87 |
| Project Management Specialist | $81,820 | $39.34 |
| Market Research Analysts and Marketing Specialists | $61,050 | $29.35 |
| Human Resources Specialist | $64,220 | $30.87 |
| Management Analyst | $60,890 | $29.27 |
| Compliance Officer | $70,450 | $33.87 |
| Business Operations Specialists, All Other | $70,560 | $33.92 |
| Training and Development Specialists | $75,070 | $36.09 |
| Buyers and Purchasing Agents | $62,390 | $29.99 |
| Cost Estimator | $72,880 | $35.04 |
More: Business and Financial Operations Occupations · all salaries in State College, 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 State College, PA?
The median salary for loan officers in the State College, PA metro area is $59,540 a year, or $28.63 an hour. Pay ranges from $38,800 for the lowest-paid 10% to $121,230 for the top 10%.
How much do the highest-paid loan officers make in State College, PA?
The top 10% of loan officers in the State College, PA metro area earn at least $121,230 a year. The top 25% earn $90,530 or more.
What is the starting pay for loan officers in State College, PA?
Entry-level pay (the 10th percentile) is about $38,800 a year, and a quarter of loan officers earn $48,960 or less.
How many loan officers work in State College, PA?
About 50 loan officers are employed in the State College, PA metro area, not counting the self-employed.