Loan Officers pay range in Elmira
New workers and the lowest-paid 10% earn about $44,660 a year or less, while the top 10% make $262,380 or more. The middle half of loan officers in Elmira earn between $53,620 and $213,640.
- $45K10th
- $54K25th
- $95KMedian
- $214K75th
- $262K90th
median average · bar = middle 50% of workers · how to read it
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $129,370 | $10,781 | $62.20 |
| Median | $95,050 | $7,921 | $45.70 |
| Entry level (25th percentile) | $53,620 | $4,468 | $25.78 |
| Experienced (75th percentile) | $213,640 | $17,803 | $102.71 |
*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.
Loan Officers pay in Elmira vs. New York and the U.S.
Loan officers in Elmira earn 13% more than the New York average ($114,670) and 47% more than the U.S. average ($87,790). At the median the gap is +24% against the U.S. median of $76,690.
| Area | Average | Median | 10th pct. | 90th pct. | Jobs |
|---|---|---|---|---|---|
| Elmira | $129,370 | $95,050 | $44,660 | $262,380 | 40 |
| 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 Elmira
On the average salary of $129,370, a single filer in Elmira takes home about $92,976 a year, or $7,748 a month and $3,576 every two weeks. Taxes take 28% 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 Elmira a good place for loan officers? Pay vs. cost of living
Prices in the Elmira area are 6% below the U.S. average (BEA price parity 94.4), so the average $129,370 buys what about $137,047 would buy in a typical U.S. metro. This job pays 2.0 times the median wage of all jobs in Elmira ($47,850). A typical home costs $161,607, or 1.2 years of this average salary before tax.
Loan Officers salary in other New York cities
Elmira ranks 1st of 13 New York metro areas for this job, the best-paid in the state.
- 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 Elmira: questions
How much do loan officers make an hour in Elmira?
$62.20 an hour on average, and $45.70 at the median (BLS, May 2025).
What is the entry-level loan officers salary in Elmira?
The lowest-paid 10% earn about $44,660 a year and the 25th percentile is $53,620, a fair guide to starting pay.
What is the loan officers take-home pay in Elmira?
About $92,976 a year ($7,748 a month) for a single filer on the average salary of $129,370. New York City (up to 3.876%) and Yonkers income taxes are not included.
Do loan officers earn more in Elmira than elsewhere?
The average here is 47% 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 Elmira, NY (21300). Relative standard error of the mean wage: 12.3%.
- 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 0.61, this job is less common than in the U.S. overall (location quotient 0.61).
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