Loan Officers pay range in Olympia
New workers and the lowest-paid 10% earn about $44,500 a year or less, while the top 10% make $136,410 or more. The middle half of loan officers in Olympia earn between $56,900 and $103,170.
- $44K10th
- $57K25th
- $74KMedian
- $103K75th
- $136K90th
median average · bar = middle 50% of workers
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $85,090 | $7,091 | $40.91 |
| Median | $74,130 | $6,178 | $35.64 |
| Entry level (25th percentile) | $56,900 | $4,742 | $27.36 |
| Experienced (75th percentile) | $103,170 | $8,598 | $49.60 |
*Hourly figures assume 2,080 paid hours a year.
Loan Officers salary after taxes in Olympia
On the average salary of $85,090, a single filer in Olympia takes home about $68,691 a year, or $5,724 a month and $2,642 every two weeks. Taxes take 19% of gross pay.
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and no state income tax. Washington's WA Cares (0.58%) and Paid Family and Medical Leave payroll premiums are not included.
Is Olympia a good place for loan officers? Pay vs. cost of living
Prices in the Olympia area are 4% above the U.S. average (BEA price parity 103.7), so the average $85,090 buys what about $82,078 would buy in a typical U.S. metro. This job pays 1.2 times the median wage of all jobs in Olympia ($61,960). A typical home costs $533,918, or 6.3 years of this average salary before tax.
Loan Officers salary in other Washington cities
Olympia ranks 11th of 11 Washington metro areas for this job; Seattle pays the most ($99,260).
- Seattle$99,260
- Mount Vernon$95,220
- Yakima$93,310
- Wenatchee$92,360
- Bremerton$90,570
- Spokane$88,620
- Walla Walla$87,530
- Bellingham$86,930
- Kennewick$86,690
- Olympia$85,090
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 Olympia: questions
How much do loan officers make an hour in Olympia?
$40.91 an hour on average, and $35.64 at the median (BLS, May 2025).
What is the entry-level loan officers salary in Olympia?
The lowest-paid 10% earn about $44,500 a year and the 25th percentile is $56,900, a fair guide to starting pay.
What is the loan officers take-home pay in Olympia?
About $68,691 a year ($5,724 a month) for a single filer on the average salary of $85,090. Washington has no state income tax; Washington's WA Cares (0.58%) and Paid Family and Medical Leave payroll premiums are not included.
Do loan officers earn more in Olympia than elsewhere?
The average here is 4% less than the U.S. metro average for this job ($88,726).
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 Olympia-Lacey-Tumwater, WA (36500). Relative standard error of the mean wage: 3.4%.
- 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 no state income tax. Washington's WA Cares (0.58%) and Paid Family and Medical Leave payroll premiums 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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