LSLocalSalaryHub

Loan Officers Salary in Watertown, NY

BLS Official DataUpdated 2025-05-31
Median Annual

$81,850

Mean: $98,240

~$63,843 est. take-home

Hourly Rate

$39.35

Based on 2,080 hrs/yr

Cost of Living

100

100 = national avg

Take-Home Pay Calculator

Estimate your real monthly budget in Watertown, NY

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Tax Breakdown

Federal Income Tax-$5,426
State Income Tax-$4,579
Social Security-$5,075
Medicare-$1,187
Effective Tax Rate19.9%

Monthly Take-Home

$5,465

Annual Take-Home

$65,583

Monthly Budget in Watertown

Housing / Rent$1,35025%
Food & Groceries$4007%
Transportation$3506%
Utilities$1803%
Healthcare$2505%
Remaining / Savings$2,93554%
Financial Stress Level
ComfortableGood savings potential
To maintain this lifestyle nationally:$81,850(+0% vs. local median)

Salary Distribution

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

25th %

$57,620

Median

$81,850

75th %

$101,840

Median is in the 55th percentile of the typical range

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Loan Officers in other NY cities

Compare the same occupation across cities in NY.

About Loan Officers salaries in Watertown, NY

According to the U.S. Bureau of Labor Statistics, the median annual salary for loan officers in Watertown, NY is $81,850. This is based on the most recent Occupational Employment and Wage Statistics (OEWS) survey data.

Salaries typically range from $57,620 (25th percentile) to $101,840 (75th percentile), reflecting differences in experience, employer size, and specialization.

The estimated hourly rate is $39.35 per hour, based on a standard 2,080-hour work year.

Frequently Asked Questions

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

The median salary is $81,850 per year. The mean (average) salary is $98,240.

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

The estimated hourly rate is $39.35 per hour.

What is the salary range for loan officers in Watertown?

Salaries typically range from $57,620 (25th percentile) to $101,840 (75th percentile).