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Loan Officers Salary in Lewiston, ME

BLS Official DataUpdated 2025-05-31
Median Annual

$96,990

Mean: $95,560

~$75,652 est. take-home

Hourly Rate

$46.63

Based on 2,080 hrs/yr

Cost of Living

100

100 = national avg

A

Very affordable

Affordability score: 100/100

Monthly surplus

$4,021/mo

Savings rate

61%

Loan Officers salary in Lewiston, ME — median $96,990/year, range $61,240-$110,410

Salary Distribution

Where the median falls between the 25th and 75th percentile.

25th %

$61,240

Median

$96,990

75th %

$110,410

Median is in the 73th percentile of the typical range

Loan Officers in other ME cities

Compare the same occupation across cities in ME.

LewistonYOU ARE HERE
$96,990
Portland
$84,620-12.8%
Bangor
$75,860-21.8%

About Loan Officers salaries in Lewiston, ME

Loan Officers in Lewiston, ME earn a median of $96,990 per year, based on BLS Occupational Employment and Wage Statistics data. The mean salary is $95,560, which tends to skew higher because a small number of high earners pull the average up.

Most loan officers in this area earn between $61,240 and $110,410. Where you land depends on experience, employer type, and whether you have in-demand specializations.

That works out to roughly $46.63 per hour assuming a standard 2,080-hour work year. Actual hourly pay may differ for part-time or contract roles.

Career Outlook

4% growthAs fast as average (BLS 2024–2034)

4% growth. Mortgage volume swings with interest rates, but commercial lending, SBA loans, and fintech platforms create steadier demand. When rates drop, refinance booms create temporary spikes in hiring.

Worth knowing: Commercial loan officers consistently out-earn consumer loan officers. The commission structure matters more than the base salary — top producers at commercial banks can double their base through origination fees.

Frequently Asked Questions

What is the average salary for a loan officers in Lewiston?

The median — where half earn more and half earn less — is $96,990. The average (mean) is $95,560, which is higher because top earners pull it up.

How much does a loan officers make per hour in Lewiston?

About $46.63/hour, based on a standard 2,080-hour work year. Part-time or overtime hours will change the actual rate.

What is the salary range for loan officers in Lewiston?

The middle 50% earn between $61,240 and $110,410. Below $61,240 is typically entry-level; above $110,410 usually means significant experience or specialized skills.

Salary Conversion Table

How does $96,990 per year break down across different time periods?

PeriodGrossEst. Take-Home
Yearly$96,990$75,652
Monthly$8,083$6,304
Biweekly$3,730$2,910
Weekly$1,865$1,455
Hourly (40h/wk)$46.63$36.37
Hourly (35h/wk)$53.29$41.57
Hourly (30h/wk)$62.17$48.49
Daily (8h)$373$291

Take-home estimates use an effective tax rate of 22%. Actual amounts vary by filing status, deductions, and state tax.

Loan Officers: Highest-Paying Cities in the U.S.

Top 10 cities nationwide for loan officers, based on BLS median salary data.

Related Occupations in Lewiston

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