Loan Officers pay range in Albany
New workers and the lowest-paid 10% earn about $47,860 a year or less, while the top 10% make $167,120 or more. The middle half of loan officers in Albany earn between $58,720 and $121,300.
- $48K10th
- $59K25th
- $80KMedian
- $121K75th
- $167K90th
median average · bar = middle 50% of workers · how to read it
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $97,270 | $8,106 | $46.76 |
| Median | $79,710 | $6,642 | $38.32 |
| Entry level (25th percentile) | $58,720 | $4,893 | $28.23 |
| Experienced (75th percentile) | $121,300 | $10,108 | $58.32 |
*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.
Loan Officers pay in Albany vs. New York and the U.S.
Loan officers in Albany earn 15% less than the New York average ($114,670) and 11% more than the U.S. average ($87,790). At the median the gap is +4% against the U.S. median of $76,690.
| Area | Average | Median | 10th pct. | 90th pct. | Jobs |
|---|---|---|---|---|---|
| Albany | $97,270 | $79,710 | $47,860 | $167,120 | 560 |
| New York | $114,670 | $95,710 | $49,410 | $211,350 | 10,840 |
| 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 Albany
On the average salary of $97,270, a single filer in Albany takes home about $72,472 a year, or $6,039 a month and $2,787 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 (2025 rules). New York City (up to 3.876%) and Yonkers income taxes are not included.
Is Albany a good place for loan officers? Pay vs. cost of living
Prices in the Albany area are in line with the U.S. average (BEA price parity 99.6), so the average $97,270 buys what about $97,694 would buy in a typical U.S. metro. This job pays 1.4 times the median wage of all jobs in Albany ($58,460). A typical home costs $370,533, or 3.8 years of this average salary before tax.
Loan Officers salary in other New York cities
Albany ranks 7th of 13 New York metro areas for this job; Elmira pays the most ($129,370).
- Elmira$129,370
- New York$121,180
- Rochester$111,610
- Glens Falls$105,660
- Kiryas Joel$104,720
- Watertown$98,240
- Albany$97,270
- Syracuse$96,130
- Buffalo$92,350
- Binghamton$91,200
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 Albany: questions
How much do loan officers make an hour in Albany?
$46.77 an hour on average, and $38.32 at the median (BLS, May 2025).
What is the entry-level loan officers salary in Albany?
The lowest-paid 10% earn about $47,860 a year and the 25th percentile is $58,720, a fair guide to starting pay.
What is the loan officers take-home pay in Albany?
About $72,472 a year ($6,039 a month) for a single filer on the average salary of $97,270. New York City (up to 3.876%) and Yonkers income taxes are not included.
Do loan officers earn more in Albany than elsewhere?
The average here is 11% 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 Albany-Schenectady-Troy, NY (10580). Relative standard error of the mean wage: 3.7%.
- 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 (2025 rules). New York City (up to 3.876%) and Yonkers income taxes are not included.
- Job concentration: location quotient 0.71, this job is less common than in the U.S. overall (location quotient 0.71).
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