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Loan Officers Salary in Syracuse, NY

BLS Official DataUpdated 2025-05-31
Median Annual

$78,580

Mean: $96,130

~$61,292 est. take-home

Hourly Rate

$37.78

Based on 2,080 hrs/yr

Cost of Living

100

100 = national avg

A

Very affordable

Affordability score: 100/100

Monthly surplus

$2,702/mo

Savings rate

52%

Loan Officers salary in Syracuse, NY — median $78,580/year, range $55,800-$123,370

Salary Distribution

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

25th %

$55,800

Median

$78,580

75th %

$123,370

Median is in the 34th percentile of the typical range

Loan Officers in other NY cities

Compare the same occupation across cities in NY.

About Loan Officers salaries in Syracuse, NY

Loan Officers in Syracuse, NY earn a median of $78,580 per year, based on BLS Occupational Employment and Wage Statistics data. The mean salary is $96,130, which tends to skew higher because a small number of high earners pull the average up.

Most loan officers in this area earn between $55,800 and $123,370. Where you land depends on experience, employer type, and whether you have in-demand specializations.

That works out to roughly $37.78 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 Syracuse?

The median — where half earn more and half earn less — is $78,580. The average (mean) is $96,130, which is higher because top earners pull it up.

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

About $37.78/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 Syracuse?

The middle 50% earn between $55,800 and $123,370. Below $55,800 is typically entry-level; above $123,370 usually means significant experience or specialized skills.

Salary Conversion Table

How does $78,580 per year break down across different time periods?

PeriodGrossEst. Take-Home
Yearly$78,580$61,292
Monthly$6,548$5,108
Biweekly$3,022$2,357
Weekly$1,511$1,179
Hourly (40h/wk)$37.78$29.47
Hourly (35h/wk)$43.18$33.68
Hourly (30h/wk)$50.37$39.29
Daily (8h)$302$236

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.

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