SalaryByCity

Loan Officers Salary in Baltimore, MD

2024 wage data from the Bureau of Labor Statistics

Median Salary
$73,140
Average Salary
$84,620
vs National
$-1,040
Employed
1,840

Salary Overview

Loan Officers is a moderate occupation in Baltimore, MD, with a median annual salary of $73,140. Loan Officerss in Baltimore, MD earn $1,040 less (1%) than the national median of $74,180. There is significant earning potential — top earners make 3.

💡

Loan Officerss in Baltimore, MD earn $1,040 less (1%) than the national median of $74,180.

💡

The average salary ($84,620) is notably higher than the median — this means top earners pull the average up. A small number of highly paid Loan Officerss skew the data.

💡

About 1,840 Loan Officerss work in Baltimore, MD, indicating a healthy local job market.

Cost of Living Consideration

When evaluating this salary, factor in Baltimore, MD's cost of living. Housing, transportation, and taxes vary significantly between cities and can impact how far your paycheck goes.

Salary Distribution

$43,990$142,860
10th %ileMedian: $73,14090th %ile
PercentileAnnual SalaryMonthly
10th Percentile$43,990$3,666
25th Percentile$50,850$4,238
Median$73,140$6,095
75th Percentile$94,550$7,879
90th Percentile$142,860$11,905
Mean (Average)$84,620$7,052

Loan Officers Salary in Other Cities

Metro AreaMedian Salary
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
San Jose-Sunnyvale-Santa Clara, CA$81,990
Denver-Aurora-Lakewood, CO$81,200
Charlotte-Concord-Gastonia, NC-SC$81,160
Los Angeles-Long Beach-Anaheim, CA$80,340
Kansas City, MO-KS$79,690

Highest Paying Jobs in Baltimore, MD

OccupationMedian Salary
Architectural and Engineering Managers$163,970
Financial Managers$155,270
Computer Hardware Engineers$153,340
Natural Sciences Managers$153,320
Human Resources Managers$147,070
Computer Network Architects$143,260
Managers, All Other$141,540
Lawyers$139,380
Software Developers$137,350
Computer Occupations, All Other$133,680

Related Data Insights

The cost of living in Baltimore, MD is 4.5% above the national average (index: 104.5). See full cost breakdown →

After adjusting for local cost of living, the purchasing power of Baltimore, MD salaries is equivalent to $83,080 in an average-cost US city.

Explore More About This Area

Cost of Living in Baltimore, MDCity Guide: Baltimore, MD

Frequently Asked Questions

What is the average Loan Officers salary in Baltimore, MD?
The median annual salary for a Loan Officers in Baltimore, MD is $73,140 as of 2024. The average (mean) salary is $84,620.
What is the salary range for Loan Officers in Baltimore, MD?
Loan Officers salaries in Baltimore, MD range from $43,990 (10th percentile) to $142,860 (90th percentile). The middle 50% earn between $50,850 and $94,550.
How many Loan Officers work in Baltimore, MD?
There are approximately 1,840 Loan Officers employed in the Baltimore, MD metropolitan area.
Is Loan Officers a good career in Baltimore, MD?
Loan Officers is a moderate occupation in Baltimore, MD, with a median annual salary of $73,140. Loan Officerss in Baltimore, MD earn $1,040 less (1%) than the national median of $74,180. There is significant earning potential — top earners make 3.
What is the earning potential for Loan Officerss?
There is significant earning potential — top earners make 3.2x more than entry-level. Experience, specialization, and certifications can dramatically increase your pay.
Is the Loan Officers salary enough to live in Baltimore, MD?
When evaluating this salary, factor in Baltimore, MD's cost of living. Housing, transportation, and taxes vary significantly between cities and can impact how far your paycheck goes.