Loan Officers pay range in Portland
New workers and the lowest-paid 10% earn about $44,000 a year or less, while the top 10% make $145,110 or more. The middle half of loan officers in Portland earn between $61,890 and $109,950.
- $44K10th
- $62K25th
- $85KMedian
- $110K75th
- $145K90th
median average · bar = middle 50% of workers · how to read it
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $91,310 | $7,609 | $43.90 |
| Median | $84,620 | $7,052 | $40.68 |
| Entry level (25th percentile) | $61,890 | $5,158 | $29.75 |
| Experienced (75th percentile) | $109,950 | $9,162 | $52.86 |
*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.
Loan Officers pay in Portland vs. Maine and the U.S.
Loan officers in Portland earn about the same as the Maine average ($88,830) and 4% more than the U.S. average ($87,790). At the median the gap is +10% against the U.S. median of $76,690.
| Area | Average | Median | 10th pct. | 90th pct. | Jobs |
|---|---|---|---|---|---|
| Portland | $91,310 | $84,620 | $44,000 | $145,110 | 430 |
| Maine | $88,830 | $81,900 | $46,710 | $140,680 | 1,060 |
| United States | $87,790 | $76,690 | $39,430 | $153,180 | 274,330 |
State and U.S. rows: BLS statewide and national estimates, May 2025, which include rural areas.
Loan Officers salary after taxes in Portland
On the average salary of $91,310, a single filer in Portland takes home about $68,559 a year, or $5,713 a month and $2,637 every two weeks. Taxes take 25% of gross pay.
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2026 rules). Maine's standard deduction phase-out above $102,250 of income is not modelled.
Is Portland a good place for loan officers? Pay vs. cost of living
Prices in the Portland area are 2% above the U.S. average (BEA price parity 101.9), so the average $91,310 buys what about $89,644 would buy in a typical U.S. metro. This job pays 1.5 times the median wage of all jobs in Portland ($56,960). A typical home costs $542,063, or 5.9 years of this average salary before tax.
Loan Officers salary in other Maine cities
Portland ranks 2nd of 3 Maine metro areas for this job; Lewiston pays the most ($95,560).
Highest-paying cities for loan officers
Elmira, NY pays this job the most of the metro areas we cover ($129,370).
- Elmira, NY$129,370
- New York, NY$121,180
- Boston, MA$120,300
- San Francisco, CA$116,480
- Norwich, CT$116,460
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Loan Officers salary in Portland: questions
How much do loan officers make an hour in Portland?
$43.90 an hour on average, and $40.68 at the median (BLS, May 2025).
What is the entry-level loan officers salary in Portland?
The lowest-paid 10% earn about $44,000 a year and the 25th percentile is $61,890, a fair guide to starting pay.
What is the loan officers take-home pay in Portland?
About $68,559 a year ($5,713 a month) for a single filer on the average salary of $91,310. Maine's standard deduction phase-out above $102,250 of income is not modelled.
Do loan officers earn more in Portland than elsewhere?
The average here is 4% more than the U.S. average for this job ($87,790).
Sources and how to read this page
- Wages: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates for metropolitan areas. SOC code 13-2072; area Portland-South Portland, ME (38860). Relative standard error of the mean wage: 7.4%.
- U.S. and statewide figures: BLS OEWS national and state estimates, May 2025, every employer including rural areas.
- Cost of living: Bureau of Economic Analysis regional price parities (RPP), 2024; 100 = U.S. average.
- Home value: Zillow Home Value Index. Typical-wage figure: OEWS all occupations, same metro.
- Take-home pay: Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2026 rules). Maine's standard deduction phase-out above $102,250 of income is not modelled.
- Job concentration: location quotient 0.85, this job is about as common as in the U.S. overall.
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