Electricians vs Loan Officers: Salary Comparison (2024)
Side-by-side salary comparison using 2024 Bureau of Labor Statistics data.
Which Career Pays More?
Loan Officers professionals earn $11,830 more per year than Electricians professionals — that's 19.0% higher. At the 90th percentile, Electricians earns $106,030 compared to $145,780 for Loan Officers.
Salary Range Comparison
Electricians$39,430 – $106,030
Loan Officers$38,490 – $145,780
$38,490$145,780
Detailed Salary Comparison
| Percentile | Electricians | Loan Officers | Difference |
|---|---|---|---|
| 10th Percentile | $39,430 | $38,490 | +$940 |
| 25th Percentile | $48,820 | $50,460 | $-1,640 |
| Median (50th) | $62,350 | $74,180 | $-11,830 |
| 75th Percentile | $81,730 | $101,920 | $-20,190 |
| 90th Percentile | $106,030 | $145,780 | $-39,750 |
| Mean (Average) | $69,630 | $86,020 | $-16,390 |
Employment Numbers
Electricians
742,580
employed nationwide
Loan Officers
290,530
employed nationwide
Top Paying Cities
Best Cities for Electricians
| City | Median |
|---|---|
| Portland-Vancouver-Hillsboro, OR-WA | $102,070 |
| Seattle-Tacoma-Bellevue, WA | $101,600 |
| Chicago-Naperville-Elgin, IL-IN-WI | $99,540 |
| Minneapolis-St. Paul-Bloomington, MN-WI | $95,090 |
| San Jose-Sunnyvale-Santa Clara, CA | $95,020 |
Best Cities for Loan Officers
| City | Median |
|---|---|
| New York-Newark-Jersey City, NY-NJ-PA | $102,540 |
| Boston-Cambridge-Nashua, MA-NH | $94,850 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | $94,840 |
| San Francisco-Oakland-Berkeley, CA | $94,110 |
| Minneapolis-St. Paul-Bloomington, MN-WI | $91,900 |
Frequently Asked Questions
Who earns more: Electricians or Loan Officers?
Loan Officers professionals earn more, with a median salary difference of $11,830 (19.0% higher) as of 2024 BLS data.
What is the salary range for Electricians?
Electricians salaries range from $39,430 (10th percentile) to $106,030 (90th percentile), with a median of $62,350.
What is the salary range for Loan Officers?
Loan Officers salaries range from $38,490 (10th percentile) to $145,780 (90th percentile), with a median of $74,180.
How many Electricians and Loan Officers jobs are there?
There are approximately 742,580 Electricians positions and 290,530 Loan Officers positions nationwide according to 2024 BLS data.
Is it worth switching from Loan Officers to Electricians?
Career decisions depend on many factors beyond salary. Electricians has a median salary of $62,350 while Loan Officers earns $74,180. Consider job satisfaction, growth prospects, required education, and work-life balance.
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Data verified March 2026 · Source: U.S. Bureau of Labor Statistics OEWS