Loan Officers Salary in Buffalo, NY

BLS Occupational Employment & Wage Statistics • May 2025 • Buffalo-Cheektowaga, NY

Median annual salary $79,450 +7.1% vs national
Median hourly $38.20
10th percentile $39,640
90th percentile $171,880
Employed locally 870
National median $74,180

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Loan Officers
in
Buffalo, NY
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    Salary percentile breakdown

    10th
    $39,640
    25th
    $59,210
    50th (median)
    $79,450
    75th
    $123,880
    90th
    $171,880

    Buffalo economic context

    Unemployment rate 3.90% 2024 annual avg • BLS LAUS
    Median household income $70,572 2023 • Census ACS
    Loan Officers salary vs area income 113% Median Loan Officers salary is 13% above 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
    Albany-Schenectady-Troy, NY $79,620
    Kiryas Joel-Poughkeepsie-Newburgh, NY $78,420
    Kingston, NY $77,980

    Related occupations in Buffalo, NY

    OccupationMedian salary
    Accountants and Auditors $80,240
    Project Management Specialists $100,550
    Market Research Analysts and Marketing Specialists $74,370
    Human Resources Specialists $70,640
    Management Analysts $84,020
    Compliance Officers $82,410

    Frequently asked questions

    How much do Loan Officers make per hour in Buffalo?

    The median hourly wage for Loan Officers in Buffalo, NY is $38.20, based on BLS OEWS 2025 data. Top earners (90th percentile) make $83.53 or more per hour.

    Is Buffalo above or below average for Loan Officers salaries?

    The median Loan Officers salary in Buffalo, NY is 7.1% 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 Buffalo?

    Entry-level Loan Officers (10th percentile) earn around $39,640 per year in Buffalo, NY. The 25th percentile — typically workers with 1–3 years of experience — earn approximately $59,210.