Loan Officers Salary in Richmond, VA
BLS Occupational Employment & Wage Statistics • May 2025 • Richmond, VA
Median annual salary
$72,050
-2.9% vs national
Median hourly
$34.64
10th percentile
$43,820
90th percentile
$134,240
Employed locally
1,800
National median
$74,180
Compare Loan Officers salary & buying power
Type a city below to see how Richmond, VA stacks up on salary and cost of living.
Loan Officers
in
Richmond, VA
vs
Salary percentile breakdown
Richmond economic context
Unemployment rate
3.00%
2024 annual avg • BLS LAUS
Median household income
$84,405
2023 • Census ACS
Loan Officers salary vs area income
85%
Median Loan Officers salary is 15% below the area median household income
Frequently asked questions
How much do Loan Officers make per hour in Richmond?
The median hourly wage for Loan Officers in Richmond, VA is $34.64, based on BLS OEWS 2025 data. Top earners (90th percentile) make $62.05 or more per hour.
Is Richmond above or below average for Loan Officers salaries?
The median Loan Officers salary in Richmond, VA is 2.9% 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 Richmond?
Entry-level Loan Officers (10th percentile) earn around $43,820 per year in Richmond, VA. The 25th percentile — typically workers with 1–3 years of experience — earn approximately $48,910.