Loan Officers Salary in Baltimore, MD

BLS Occupational Employment & Wage Statistics • May 2025 • Baltimore-Columbia-Towson, MD

Median annual salary $73,140 -1.4% vs national
Median hourly $35.17
10th percentile $43,990
90th percentile $142,860
Employed locally 1,840
National median $74,180

Compare Loan Officers salary & buying power

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

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Loan Officers
in
Baltimore, MD
vs

    Salary percentile breakdown

    10th
    $43,990
    25th
    $50,850
    50th (median)
    $73,140
    75th
    $94,550
    90th
    $142,860

    Baltimore economic context

    Unemployment rate 3.10% 2024 annual avg • BLS LAUS
    Median household income $97,300 2023 • Census ACS
    Loan Officers salary vs area income 75% Median Loan Officers salary is 25% 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
    Washington-Arlington-Alexandria, DC-VA-MD-WV $94,840
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD $76,910
    Lexington Park, MD $66,370
    Salisbury, MD $59,990
    Hagerstown-Martinsburg, MD-WV $58,350

    Related occupations in Baltimore, MD

    OccupationMedian salary
    Project Management Specialists $102,750
    Business Operations Specialists, All Other $96,300
    Accountants and Auditors $83,670
    Management Analysts $121,870
    Human Resources Specialists $80,030
    Market Research Analysts and Marketing Specialists $70,050

    Frequently asked questions

    How much do Loan Officers make per hour in Baltimore?

    The median hourly wage for Loan Officers in Baltimore, MD is $35.17, based on BLS OEWS 2025 data. Top earners (90th percentile) make $67.16 or more per hour.

    Is Baltimore above or below average for Loan Officers salaries?

    The median Loan Officers salary in Baltimore, MD is 1.4% below 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 Baltimore?

    Entry-level Loan Officers (10th percentile) earn around $43,990 per year in Baltimore, MD. The 25th percentile — typically workers with 1–3 years of experience — earn approximately $50,850.