Best cities for a Loan Officer
The best cities for loan officers are Cleveland, OH, Winston-Salem, NC, and Raleigh, NC, based on factors like average salary and job availability per capita. Jobs and pay for loan officers vary across the country, but we've determined the ten best cities for loan officers in the U.S.
Whether you're starting your career as a loan officer or considering a move, this list of the best cities for loan officers to live in will help you decide. These aren't just the best-paying cities for loan officers. We also consider how easy it is to find work as a loan officer. While the absolute best city for loan officers is Cleveland, OH, there are plenty of other great places to consider.
Keep reading to learn more about the best cities for loan officers in 2024.
If you're looking for a Loan Officer job, here are five companies hiring now:
10 best cities for Loan officers In 2025
1. Cleveland, OH
Loan Officer Jobs in ClevelandTotal Loan Officer jobs: 16 Average annual salary: $49,262 Lowest 10 percent warn: $33,000 Highest 10 percent earn: $72,000 Location quotient: 0.93 2. Winston-Salem, NC
Loan Officer Jobs in Winston-SalemTotal Loan Officer jobs: 4 Average annual salary: $57,189 Lowest 10 percent warn: $36,000 Highest 10 percent earn: $88,000 Location quotient: 0.76 3. Raleigh, NC
Loan Officer Jobs in RaleighTotal Loan Officer jobs: 16 Average annual salary: $57,614 Lowest 10 percent warn: $36,000 Highest 10 percent earn: $89,000 Location quotient: 0.57 4. Arlington, TX
Loan Officer Jobs in ArlingtonTotal Loan Officer jobs: 7 Average annual salary: $49,963 Lowest 10 percent warn: $32,000 Highest 10 percent earn: $76,000 Location quotient: 1.35 5. Cincinnati, OH
Loan Officer Jobs in CincinnatiTotal Loan Officer jobs: 19 Average annual salary: $46,954 Lowest 10 percent warn: $31,000 Highest 10 percent earn: $70,000 Location quotient: 0.81 6. Albuquerque, NM
Loan Officer Jobs in AlbuquerqueTotal Loan Officer jobs: 6 Average annual salary: $58,633 Lowest 10 percent warn: $39,000 Highest 10 percent earn: $87,000 Location quotient: 0.41 7. Laredo, TX
Loan Officer Jobs in LaredoTotal Loan Officer jobs: 1 Average annual salary: $51,449 Lowest 10 percent warn: $33,000 Highest 10 percent earn: $79,000 Location quotient: 0.62 8. Toledo, OH
Loan Officer Jobs in ToledoTotal Loan Officer jobs: 2 Average annual salary: $48,379 Lowest 10 percent warn: $33,000 Highest 10 percent earn: $70,000 Location quotient: 0.41 9. Fort Wayne, IN
Loan Officer Jobs in Fort WayneTotal Loan Officer jobs: 6 Average annual salary: $45,192 Lowest 10 percent warn: $30,000 Highest 10 percent earn: $65,000 Location quotient: 0.95 10. Milwaukee, WI
Loan Officer Jobs in MilwaukeeTotal Loan Officer jobs: 14 Average annual salary: $48,904 Lowest 10 percent warn: $34,000 Highest 10 percent earn: $69,000 Location quotient: 0.66
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Best cities for loan officers
- Cleveland, OH
- Winston-Salem, NC
- Raleigh, NC
- Arlington, TX
- Cincinnati, OH
- Albuquerque, NM
- Laredo, TX
- Toledo, OH
- Fort Wayne, IN
- Milwaukee, WI
Detailed list of the best cities for a Loan Officer
| Rank | City | Average Salary | Lowest 10% Earn | Population | Job Count |
|---|---|---|---|---|---|
| 1 | Cleveland, OH | $49,262 | $33,000 | 385,809 | 16 |
| 2 | Winston-Salem, NC | $57,189 | $36,000 | 242,203 | 4 |
| 3 | Raleigh, NC | $57,614 | $36,000 | 458,880 | 16 |
| 4 | Arlington, TX | $49,963 | $32,000 | 392,772 | 7 |
| 5 | Cincinnati, OH | $46,954 | $31,000 | 298,800 | 19 |
| 6 | Albuquerque, NM | $58,633 | $39,000 | 559,277 | 6 |
| 7 | Laredo, TX | $51,449 | $33,000 | 257,156 | 1 |
| 8 | Toledo, OH | $48,379 | $33,000 | 278,508 | 2 |
| 9 | Fort Wayne, IN | $45,192 | $30,000 | 264,488 | 6 |
| 10 | Milwaukee, WI | $48,904 | $34,000 | 595,047 | 14 |
| 11 | Philadelphia, PA | $54,599 | $35,000 | 1,567,872 | 21 |
| 12 | Henderson, NV | $45,595 | $30,000 | 292,969 | 4 |
| 13 | Kansas City, MO | $51,928 | $35,000 | 481,420 | 11 |
| 14 | Tulsa, OK | $46,569 | $31,000 | 403,090 | 5 |
| 15 | Reno, NV | $45,019 | $30,000 | 245,255 | 12 |
| 16 | Corpus Christi, TX | $51,389 | $32,000 | 325,733 | 1 |
| 17 | Tampa, FL | $47,064 | $29,000 | 377,165 | 46 |
| 18 | Charlotte, NC | $56,735 | $36,000 | 842,051 | 17 |
| 19 | Wichita, KS | $48,284 | $33,000 | 389,902 | 5 |
| 20 | Pittsburgh, PA | $51,411 | $34,000 | 303,625 | 10 |
| 21 | New York, NY | $59,863 | $39,000 | 8,537,673 | 130 |
| 22 | Hialeah, FL | $47,703 | $29,000 | 236,387 | 1 |
| 23 | Saint Petersburg, FL | $47,166 | $29,000 | 260,999 | 6 |
| 24 | Orlando, FL | $46,714 | $29,000 | 277,173 | 22 |
| 25 | Dallas, TX | $49,924 | $32,000 | 1,317,929 | 28 |
| 26 | North Las Vegas, NV | $45,571 | $30,000 | 238,702 | 1 |
| 27 | Oklahoma City, OK | $46,559 | $31,000 | 638,367 | 9 |
| 28 | Las Vegas, NV | $45,624 | $30,000 | 632,912 | 20 |
| 29 | Houston, TX | $50,755 | $32,000 | 2,303,482 | 41 |
| 30 | Durham, NC | $57,595 | $37,000 | 263,016 | 4 |
| 31 | Chesapeake, VA | $48,698 | $31,000 | 237,940 | 2 |
| 32 | El Paso, TX | $50,869 | $33,000 | 683,080 | 2 |
| 33 | Detroit, MI | $50,011 | $34,000 | 672,795 | 5 |
| 34 | Virginia Beach, VA | $48,937 | $31,000 | 452,602 | 4 |
| 35 | Lexington, KY | $44,765 | $29,000 | 318,449 | 3 |
| 36 | Fort Worth, TX | $49,967 | $32,000 | 854,113 | 6 |
| 37 | Saint Louis, MO | $52,331 | $35,000 | 311,404 | 8 |
| 38 | Miami, FL | $47,733 | $29,000 | 453,579 | 17 |
| 39 | Oakland, CA | $47,426 | $31,000 | 420,005 | 7 |
| 40 | Greensboro, NC | $57,329 | $36,000 | 287,027 | 1 |
| 41 | Scottsdale, AZ | $38,967 | $26,000 | 246,645 | 15 |
| 42 | Columbus, OH | $47,749 | $32,000 | 860,090 | 9 |
| 43 | Los Angeles, CA | $46,407 | $31,000 | 3,976,322 | 85 |
| 44 | Irvine, CA | $46,177 | $31,000 | 266,122 | 34 |
| 45 | Chandler, AZ | $38,979 | $26,000 | 247,477 | 13 |
| 46 | Buffalo, NY | $57,478 | $38,000 | 256,902 | 4 |
| 47 | Louisville, KY | $44,637 | $29,000 | 597,337 | 6 |
| 48 | Madison, WI | $48,609 | $34,000 | 252,551 | 4 |
| 49 | Fresno, CA | $47,074 | $31,000 | 522,053 | 3 |
| 50 | Chula Vista, CA | $45,763 | $30,000 | 267,172 | 3 |
Highest paying cities for loan officers
| Rank | City | Avg. Loan Officer Salary |
|---|---|---|
| 1 | New York, NY | $59,863 |
| 2 | Raleigh, NC | $57,614 |
| 3 | Baltimore, MD | $55,533 |
| 4 | Boston, MA | $54,738 |
| 5 | Philadelphia, PA | $54,599 |
| 6 | Urban Honolulu, HI | $52,416 |
| 7 | Saint Louis, MO | $52,331 |
| 8 | Washington, DC | $50,984 |
| 9 | San Antonio, TX | $50,883 |
| 10 | Troy, MI | $50,069 |
| 11 | Austin, MN | $49,582 |
| 12 | Milwaukee, WI | $48,904 |
| 13 | Miami, FL | $47,733 |
| 14 | San Francisco, CA | $47,465 |
| 15 | Cincinnati, OH | $46,954 |
| 16 | Albany, OR | $46,745 |
| 17 | Bellevue, WA | $44,644 |
| 18 | Indianapolis, IN | $44,604 |
| 19 | Atlanta, GA | $43,808 |
| 20 | Chicago, IL | $41,977 |
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Updated January 8, 2025