Loan Officers in Colorado
Is Colorado a good place for you to work as a Loan Officer?
You’re in luck! Jobs for Loan Officers in Colorado are projected to grow and these jobs tend to pay higher than average.
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Projected employment for Loan Officers in Colorado is growing faster than average.
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Loan Officers in Colorado earn higher salaries than the typical U.S. wage earner.
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How Many Loan Officers Work in Colorado?
In Colorado, there were 5,170 people working as Loan Officers in the year 2018.
There were 5,560 Loan Officers employed in this state in 2017.
That’s a decline of 390 jobs between 2017 and 2018.
The typical state has 4,250 Loan Officers working in it, which means Colorado has more Loan Officers than average.
Job Projections for Colorado
Jobs for Loan Officers in this state are growing at a rate of 9.0% which is slower than the nationwide estimated projection of 11.4%.
Colorado Annual Job Openings
The BLS estimates 500 annual job openings, and a total of 5,960 jobs for Colorado 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 Colorado?
In 2018 wages for Loan Officers ranged from $27,320 to $119,930 with $61,010 being the median annual salary.
Broken down to an hourly rate, workers in this field made anywhere from $13.13 to $57.66. The median hourly rate was $29.33.
Workers in this field were paid a median of $29.33 an hour in 2017.
Wages between 2017 and 2018 did not increase or decrease.
The median salary in Colorado is higher than the nationwide median salary.
Top Colorado 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 |
|---|---|---|
| Denver-Aurora-Lakewood, CO | 3,470 | $62,590 |
| Boulder, CO | 190 | $61,360 |
| Fort Collins, CO | 160 | $67,520 |
| Grand Junction, CO | 120 | $60,380 |
| Greeley, CO | 80 | $72,500 |
| Pueblo, CO | 50 | $56,390 |
Top States for Loan Officers Employment
The table below shows the states 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 CO
Discover similar careers:
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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