Loan Officers in Arizona
Is Arizona a good place for you to work as a Loan Officer?
You’re in luck! Jobs for Loan Officers in Arizona are projected to grow and these jobs tend to pay higher than average.
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Projected employment for Loan Officers in Arizona is growing faster than average.
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Loan Officers in Arizona earn higher salaries than the typical U.S. wage earner.
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How Many Loan Officers Work in Arizona?
In 2018, there were 8,970 Loan Officers working in the state.
There were 8,480 Loan Officers employed in this state in 2017.
That’s growth of 490 jobs between 2017 and 2018.
The typical state has 4,250 Loan Officers working in it, which means Arizona has more Loan Officers than average.
Job Projections for Arizona
Jobs for Loan Officers in this state are growing at a rate of 28.0% which is faster than the nationwide estimated projection of 11.4%.
Arizona Annual Job Openings
The BLS estimates 1,740 annual job openings, and a total of 18,740 jobs for Arizona Loan Officers in 2026.
Nationwide, the prediction is 30,400 annual jobs and 354,900 total jobs in 2026.
What do Loan Officers Make in Arizona?
In 2018 wages for Loan Officers ranged from $23,430 to $111,130 with $54,400 being the median annual salary.
Broken down to an hourly rate, workers in this field made anywhere from $11.27 to $53.43. The median hourly rate was $26.15.
In 2017 the median pay for this field was $30.69 an hour.
The hourly rate declined by $4.54.
The median salary in Arizona is higher than the nationwide median salary.
Top Arizona Metros for Loan Officers
The table below shows some of the metros in this state with the most Loan Officers.
| Metro | Number Employed | Annual Median Salary |
|---|---|---|
| Phoenix-Mesa-Scottsdale, AZ | 7,850 | $53,920 |
| Tucson, AZ | 630 | $56,070 |
| Yuma, AZ | 90 | $59,410 |
| Lake Havasu City-Kingman, AZ | 80 | $55,250 |
| Sierra Vista-Douglas, AZ | 40 | $55,570 |
| Prescott, AZ | 40 | $48,530 |
Top States for Loan Officers Employment
View the list below to see where most Loan Officers work.
| State | Number Employed | Annual Median Salary |
|---|---|---|
| California | 37,030 | $61,310 |
| Texas | 19,950 | $68,710 |
| Florida | 18,000 | $67,760 |
| North Carolina | 13,910 | $62,360 |
| New York | 12,890 | $78,520 |
| Illinois | 12,330 | $66,570 |
| Ohio | 11,520 | $64,770 |
| Virginia | 10,140 | $63,860 |
| Pennsylvania | 10,010 | $59,340 |
| Arizona | 8,970 | $54,400 |
| Georgia | 7,790 | $54,690 |
| Minnesota | 7,740 | $72,030 |
| Missouri | 7,130 | $68,010 |
| Wisconsin | 7,090 | $62,850 |
| Washington | 6,940 | $60,540 |
| New Jersey | 6,670 | $73,180 |
| Massachusetts | 5,780 | $70,090 |
| Tennessee | 5,440 | $54,490 |
| Kentucky | 5,300 | $60,400 |
| Utah | 5,220 | $45,470 |
Below are the states where Loan Officers get paid the most:
| State | Annual Median Salary |
|---|---|
| New York | $78,520 |
| New Hampshire | $76,430 |
| Nebraska | $75,800 |
| Connecticut | $74,990 |
| District of Columbia | $74,840 |
| New Jersey | $73,180 |
| Minnesota | $72,030 |
| Kansas | $71,550 |
| Massachusetts | $70,090 |
| Texas | $68,710 |
Related Careers in AZ
You may also be interested in the following careers:
| Occupation | AZ Employment Total |
|---|
References
- Bureau of Labor Statistics (BLS)
- College Factual
- National Center for Education Statistics
- O*NET Online
- Image Credit: By Dave Dugdale under License
More about our data sources and methodologies.
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