Loan Officers pay range in Altoona
New workers and the lowest-paid 10% earn about $40,170 a year or less, while the top 10% make $118,920 or more. The middle half of loan officers in Altoona earn between $46,370 and $82,570.
- $40K10th
- $46K25th
- $62KMedian
- $83K75th
- $119K90th
median average · bar = middle 50% of workers · how to read it
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $69,480 | $5,790 | $33.40 |
| Median | $62,150 | $5,179 | $29.88 |
| Entry level (25th percentile) | $46,370 | $3,864 | $22.29 |
| Experienced (75th percentile) | $82,570 | $6,881 | $39.70 |
*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.
Loan Officers pay in Altoona vs. Pennsylvania and the U.S.
Loan officers in Altoona earn 14% less than the Pennsylvania average ($80,450) and 21% less than the U.S. average ($87,790). At the median the gap is -19% against the U.S. median of $76,690.
| Area | Average | Median | 10th pct. | 90th pct. | Jobs |
|---|---|---|---|---|---|
| Altoona | $69,480 | $62,150 | $40,170 | $118,920 | 90 |
| Pennsylvania | $80,450 | $69,300 | $39,990 | $132,900 | 8,140 |
| 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 Altoona
On the average salary of $69,480, a single filer in Altoona takes home about $55,576 a year, or $4,631 a month and $2,138 every two weeks. Taxes take 20% of gross pay.
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2025 rules). Local earned income taxes (for example Philadelphia's wage tax) are not included.
Is Altoona a good place for loan officers? Pay vs. cost of living
Prices in the Altoona area are 10% below the U.S. average (BEA price parity 89.5), so the average $69,480 buys what about $77,625 would buy in a typical U.S. metro. This job pays 1.4 times the median wage of all jobs in Altoona ($44,270). A typical home costs $178,052, or 2.6 years of this average salary before tax.
Loan Officers salary in other Pennsylvania cities
Altoona ranks 13th of 15 Pennsylvania metro areas for this job; Philadelphia pays the most ($86,920).
- Philadelphia$86,920
- Lancaster$84,620
- Allentown$82,690
- Scranton$81,740
- Pittsburgh$80,930
- Reading$79,820
- York$79,720
- Harrisburg$78,090
- Lebanon$77,460
- Altoona$69,480
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 Altoona: questions
How much do loan officers make an hour in Altoona?
$33.40 an hour on average, and $29.88 at the median (BLS, May 2025).
What is the entry-level loan officers salary in Altoona?
The lowest-paid 10% earn about $40,170 a year and the 25th percentile is $46,370, a fair guide to starting pay.
What is the loan officers take-home pay in Altoona?
About $55,576 a year ($4,631 a month) for a single filer on the average salary of $69,480. Local earned income taxes (for example Philadelphia's wage tax) are not included.
Do loan officers earn more in Altoona than elsewhere?
The average here is 21% less 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 Altoona, PA (11020). Relative standard error of the mean wage: 4.6%.
- 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). Local earned income taxes (for example Philadelphia's wage tax) are not included.
- Job concentration: location quotient 0.88, this job is about as common as in the U.S. overall.
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