Loan Officers Salary in Buffalo, NY
Updated 2024 · Source: U.S. Bureau of Labor StatisticsUSD $
Median Salary
$65,000
Average Salary
$67,000
Salary Range
$42,000 - $82,000
Est. Employment*
4,700
*Employment figures are estimates based on national occupational data distributed across metro areas. Actual local numbers may vary.
Search Jobs on IndeedSalary Distribution
10th to 90th percentile range. Half of all loan officers earn between $52,000 and $75,000.
About Loan Officers in Buffalo
Loan Officers support organizational operations by analyzing financial data, managing business processes, and ensuring compliance with regulations. Their analytical skills help organizations make informed decisions and operate efficiently.
In Buffalo, loan officers benefit from a lower cost of living that stretches their salary further. The area's major industries include Healthcare, Education, Manufacturing.
Key Skills
Education
Bachelor's degree in business, finance, accounting, or a related field
A bachelor's degree is the minimum requirement for most positions. Professional certifications such as CPA, CFA, or PMP can significantly enhance career prospects and earning potential.
Tips to Earn More as a Loan Officers
Loan Officers Salary in Other Cities
| City | Median | Range | vs Buffalo |
|---|---|---|---|
| San Francisco, CA | $99,000 | $59,000 - $129,000 | +52% |
| San Jose, CA | $99,000 | $59,000 - $129,000 | +52% |
| Seattle, WA | $93,000 | $56,000 - $121,000 | +43% |
| Boston, MA | $88,000 | $53,000 - $114,000 | +35% |
| New York, NY | $86,000 | $52,000 - $112,000 | +32% |
| Washington DC, DC | $85,000 | $51,000 - $110,000 | +31% |
| San Diego, CA | $82,000 | $49,000 - $107,000 | +26% |
| Los Angeles, CA | $81,000 | $49,000 - $105,000 | +25% |
| Portland, OR | $79,000 | $47,000 - $103,000 | +22% |
| Anchorage, AK | $79,000 | $47,000 - $103,000 | +22% |
| Denver, CO | $77,000 | $46,000 - $100,000 | +18% |
| Honolulu, HI | $77,000 | $46,000 - $100,000 | +18% |
| Chicago, IL | $76,000 | $46,000 - $99,000 | +17% |
| Austin, TX | $76,000 | $46,000 - $99,000 | +17% |
| Baltimore, MD | $76,000 | $46,000 - $99,000 | +17% |
| Dallas, TX | $75,000 | $45,000 - $98,000 | +15% |
| Philadelphia, PA | $75,000 | $45,000 - $98,000 | +15% |
| Minneapolis, MN | $75,000 | $45,000 - $98,000 | +15% |
| Sacramento, CA | $75,000 | $45,000 - $98,000 | +15% |
| Hartford, CT | $74,000 | $44,000 - $96,000 | +14% |
| Raleigh, NC | $73,000 | $44,000 - $95,000 | +12% |
| Atlanta, GA | $71,000 | $43,000 - $92,000 | +9% |
| Houston, TX | $70,000 | $46,000 - $88,000 | +8% |
| Detroit, MI | $70,000 | $46,000 - $88,000 | +8% |
| Nashville, TN | $69,000 | $45,000 - $87,000 | +6% |
| Salt Lake City, UT | $68,000 | $44,000 - $86,000 | +5% |
| Milwaukee, WI | $68,000 | $44,000 - $86,000 | +5% |
| Phoenix, AZ | $67,000 | $44,000 - $85,000 | +3% |
| Charlotte, NC | $67,000 | $44,000 - $85,000 | +3% |
| Las Vegas, NV | $67,000 | $44,000 - $85,000 | +3% |
| Columbus, OH | $67,000 | $44,000 - $85,000 | +3% |
| Cincinnati, OH | $67,000 | $44,000 - $85,000 | +3% |
| Richmond, VA | $67,000 | $44,000 - $85,000 | +3% |
| Orlando, FL | $66,000 | $43,000 - $83,000 | +2% |
| St. Louis, MO | $66,000 | $43,000 - $83,000 | +2% |
| Kansas City, MO | $66,000 | $43,000 - $83,000 | +2% |
| Cleveland, OH | $66,000 | $43,000 - $83,000 | +2% |
| Toronto, ON | $66,000 | $43,000 - $83,000 | +2% |
| Miami, FL | $65,000 | $42,000 - $82,000 | 0% |
| Indianapolis, IN | $65,000 | $42,000 - $82,000 | 0% |
| Pittsburgh, PA | $65,000 | $42,000 - $82,000 | 0% |
| Tampa, FL | $64,000 | $42,000 - $81,000 | -2% |
| San Antonio, TX | $64,000 | $42,000 - $81,000 | -2% |
| Jacksonville, FL | $64,000 | $42,000 - $81,000 | -2% |
| Louisville, KY | $64,000 | $42,000 - $81,000 | -2% |
| New Orleans, LA | $64,000 | $42,000 - $81,000 | -2% |
| Tucson, AZ | $64,000 | $42,000 - $81,000 | -2% |
| Vancouver, BC | $64,000 | $42,000 - $81,000 | -2% |
| Oklahoma City, OK | $63,000 | $41,000 - $80,000 | -3% |
| Memphis, TN | $63,000 | $41,000 - $80,000 | -3% |
| Birmingham, AL | $63,000 | $41,000 - $80,000 | -3% |
| Calgary, AB | $61,000 | $40,000 - $77,000 | -6% |
| Ottawa, ON | $59,000 | $38,000 - $74,000 | -9% |
| Edmonton, AB | $58,000 | $38,000 - $73,000 | -11% |
| Hamilton, ON | $55,000 | $36,000 - $69,000 | -15% |
| Montreal, QC | $54,000 | $35,000 - $68,000 | -17% |
| Winnipeg, MB | $52,000 | $34,000 - $66,000 | -20% |
| Halifax, NS | $52,000 | $34,000 - $66,000 | -20% |
| Quebec City, QC | $49,000 | $32,000 - $62,000 | -25% |