Loan Officers pay in Maryland
The employment-weighted average of local median wages for Loan Officers in Maryland is $84,196, based on 11,850 workers. Among the 15 states with published data, that ranks number 5. The BLS national median for the occupation is $76,690, so Maryland averages 9.8% above it.
Inside Maryland, pay depends on the labor market. The highest local median is $97,800 in the Washington-Arlington-Alexandria, DC-VA-MD-WV area and the lowest is $77,590 in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD, a difference of $20,210 across 2 wage areas.
Cost of living for Loan Officers in Maryland
We compare 5 Maryland counties after federal, Social Security, Medicare and state taxes and the four basics: a one-bedroom rental, food, home energy and gasoline. Montgomery County, MD leaves the largest yearly margin, $39,097. Cecil County, MD leaves the smallest, $33,591. The median wage covers all four basics in 5 of the 5 counties.
Loan Officers in other states
The states with the highest average local median wages for Loan Officers are District of Columbia ($97,800), New York ($95,206), New Jersey ($93,434) and West Virginia ($88,154).
Frequently asked questions: Loan Officers in Maryland
How much do Loan Officers earn in Maryland?
The employment-weighted average of local median wages is $84,196, from $77,590 to $97,800 depending on the labor market.
Which Maryland county is best for Loan Officers?
Montgomery County, MD leaves the largest yearly margin after taxes and the four basics ($39,097). Prince George's County, MD follows at $39,097.