Loan Officers vs Software Developers: Salary Comparison (2024)
Side-by-side salary comparison using 2024 Bureau of Labor Statistics data.
Which Career Pays More?
Software Developers professionals earn $58,900 more per year than Loan Officers professionals — that's 79.4% higher. At the 90th percentile, Loan Officers earns $145,780 compared to $211,450 for Software Developers.
Salary Range Comparison
Loan Officers$38,490 – $145,780
Software Developers$79,850 – $211,450
$38,490$211,450
Detailed Salary Comparison
| Percentile | Loan Officers | Software Developers | Difference |
|---|---|---|---|
| 10th Percentile | $38,490 | $79,850 | $-41,360 |
| 25th Percentile | $50,460 | $103,050 | $-52,590 |
| Median (50th) | $74,180 | $133,080 | $-58,900 |
| 75th Percentile | $101,920 | $169,000 | $-67,080 |
| 90th Percentile | $145,780 | $211,450 | $-65,670 |
| Mean (Average) | $86,020 | $144,570 | $-58,550 |
Employment Numbers
Loan Officers
290,530
employed nationwide
Software Developers
1,654,440
employed nationwide
Top Paying Cities
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 |
Best Cities for Software Developers
| City | Median |
|---|---|
| San Jose-Sunnyvale-Santa Clara, CA | $208,270 |
| San Francisco-Oakland-Berkeley, CA | $174,910 |
| Seattle-Tacoma-Bellevue, WA | $169,340 |
| New York-Newark-Jersey City, NY-NJ-PA | $161,970 |
| San Diego-Chula Vista-Carlsbad, CA | $159,240 |
Frequently Asked Questions
Who earns more: Loan Officers or Software Developers?
Software Developers professionals earn more, with a median salary difference of $58,900 (79.4% higher) as of 2024 BLS data.
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.
What is the salary range for Software Developers?
Software Developers salaries range from $79,850 (10th percentile) to $211,450 (90th percentile), with a median of $133,080.
How many Loan Officers and Software Developers jobs are there?
There are approximately 290,530 Loan Officers positions and 1,654,440 Software Developers positions nationwide according to 2024 BLS data.
Is it worth switching from Software Developers to Loan Officers?
Career decisions depend on many factors beyond salary. Loan Officers has a median salary of $74,180 while Software Developers earns $133,080. 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