Loan Officers pay range in Watertown
New workers and the lowest-paid 10% earn about $53,200 a year or less, while the top 10% make $172,550 or more. The middle half of loan officers in Watertown earn between $57,620 and $101,840.
- $53K10th
- $58K25th
- $82KMedian
- $102K75th
- $173K90th
median average · bar = middle 50% of workers · how to read it
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $98,240 | $8,187 | $47.23 |
| Median | $81,850 | $6,821 | $39.35 |
| Entry level (25th percentile) | $57,620 | $4,802 | $27.70 |
| Experienced (75th percentile) | $101,840 | $8,487 | $48.96 |
*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.
Loan Officers pay in Watertown vs. New York and the U.S.
Loan officers in Watertown earn 14% less than the New York average ($114,670) and 12% more than the U.S. average ($87,790). At the median the gap is +7% against the U.S. median of $76,690.
| Area | Average | Median | 10th pct. | 90th pct. | Jobs |
|---|---|---|---|---|---|
| Watertown | $98,240 | $81,850 | $53,200 | $172,550 | 60 |
| 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 Watertown
On the average salary of $98,240, a single filer in Watertown takes home about $73,096 a year, or $6,091 a month and $2,811 every two weeks. Taxes take 26% 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 Watertown a good place for loan officers? Pay vs. cost of living
Prices in the Watertown area are 12% below the U.S. average (BEA price parity 87.7), so the average $98,240 buys what about $112,031 would buy in a typical U.S. metro. This job pays 1.7 times the median wage of all jobs in Watertown ($47,600). A typical home costs $230,401, or 2.3 years of this average salary before tax.
Loan Officers salary in other New York cities
Watertown ranks 6th 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 Watertown: questions
How much do loan officers make an hour in Watertown?
$47.23 an hour on average, and $39.35 at the median (BLS, May 2025).
What is the entry-level loan officers salary in Watertown?
The lowest-paid 10% earn about $53,200 a year and the 25th percentile is $57,620, a fair guide to starting pay.
What is the loan officers take-home pay in Watertown?
About $73,096 a year ($6,091 a month) for a single filer on the average salary of $98,240. New York City (up to 3.876%) and Yonkers income taxes are not included.
Do loan officers earn more in Watertown than elsewhere?
The average here is 12% 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 Watertown-Fort Drum, NY (48060). Relative standard error of the mean wage: 7.2%.
- 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 0.87, this job is about as common as in the U.S. overall.
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