Loan Officers Salary in Norwich, CT

BLS Occupational Employment & Wage Statistics • May 2025 • Norwich-New London-Willimantic, CT

Median annual salary $78,300 +5.6% vs national
Median hourly $37.64
10th percentile $46,750
90th percentile $164,250
Employed locally 110
National median $74,180

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Loan Officers
in
Norwich, CT
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    Salary percentile breakdown

    10th
    $46,750
    25th
    $62,500
    50th (median)
    $78,300
    75th
    $97,270
    90th
    $164,250

    Norwich economic context

    Unemployment rate 3.10% 2024 annual avg • BLS LAUS
    Median household income $84,185 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
    District of Columbia $102,200
    New Haven, CT $95,910
    Albany-Schenectady-Troy, NY $79,620
    Hartford-West Hartford-East Hartford, CT $78,550
    Waterbury-Shelton, CT $77,790
    Connecticut $77,580

    Related occupations in Norwich, CT

    OccupationMedian salary
    Project Management Specialists $108,830
    Accountants and Auditors $82,040
    Buyers and Purchasing Agents $80,140
    Human Resources Specialists $71,030
    Market Research Analysts and Marketing Specialists $64,300
    Business Operations Specialists, All Other $87,100

    Frequently asked questions

    How much do Loan Officers make per hour in Norwich?

    The median hourly wage for Loan Officers in Norwich, CT is $37.64, based on BLS OEWS 2025 data. Top earners (90th percentile) make $83.59 or more per hour.

    Is Norwich above or below average for Loan Officers salaries?

    The median Loan Officers salary in Norwich, CT is 5.6% 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 Norwich?

    Entry-level Loan Officers (10th percentile) earn around $46,750 per year in Norwich, CT. The 25th percentile — typically workers with 1–3 years of experience — earn approximately $62,500.