Loan Officers Salary in Albany, NY

BLS Occupational Employment & Wage Statistics • May 2025 • Albany-Schenectady-Troy, NY

Median annual salary $79,620 +7.3% vs national
Median hourly $38.28
10th percentile $45,190
90th percentile $187,200
Employed locally 570
National median $74,180

Compare Loan Officers salary & buying power

Type a city below to see how Albany, NY stacks up on salary and cost of living.

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Loan Officers
in
Albany, NY
vs

    Salary percentile breakdown

    10th
    $45,190
    25th
    $59,370
    50th (median)
    $79,620
    75th
    $123,230
    90th
    $187,200

    Albany economic context

    Unemployment rate 3.30% 2024 annual avg • BLS LAUS
    Median household income $86,072 2023 • Census ACS
    Loan Officers salary vs area income 93% Median Loan Officers salary is 7% below the area median household income

    Top-paying metros for Loan Officers

    Metro areaMedian salary
    Elmira, NY $106,430
    New York-Newark-Jersey City, NY-NJ $102,540
    District of Columbia $102,200
    New York $98,940
    Northern Vermont nonmetropolitan area $97,410
    Des Moines-West Des Moines, IA $97,000

    Nearby metros — Loan Officers salary comparison

    Metro areaMedian salary
    Elmira, NY $106,430
    New York-Newark-Jersey City, NY-NJ $102,540
    San Jose-Sunnyvale-Santa Clara, CA $81,990
    Buffalo-Cheektowaga, NY $79,450
    Kiryas Joel-Poughkeepsie-Newburgh, NY $78,420
    Kingston, NY $77,980

    Related occupations in Albany, NY

    OccupationMedian salary
    Accountants and Auditors $84,030
    Management Analysts $81,780
    Project Management Specialists $104,370
    Human Resources Specialists $75,020
    Business Operations Specialists, All Other $81,690
    Market Research Analysts and Marketing Specialists $69,810

    Frequently asked questions

    How much do Loan Officers make per hour in Albany?

    The median hourly wage for Loan Officers in Albany, NY is $38.28, based on BLS OEWS 2025 data. Top earners (90th percentile) make $80.35 or more per hour.

    Is Albany above or below average for Loan Officers salaries?

    The median Loan Officers salary in Albany, NY is 7.3% above the national median of $74,180. The national figure is from BLS OEWS 2025 data covering all US metropolitan areas.

    What is the entry-level salary for Loan Officers in Albany?

    Entry-level Loan Officers (10th percentile) earn around $45,190 per year in Albany, NY. The 25th percentile — typically workers with 1–3 years of experience — earn approximately $59,370.