Loan Officer Salary
in Newark, NJ
Evaluate and approve loan applications for individuals and businesses. Median salary in Newark: $101K/year. Data from BLS, O*NET, and H-1B disclosures.
Salary range in Newark
Source: BLS OES 2026, H-1B DOL Disclosures Q1 2026. Figures represent annual base salary in Newark, New Jersey.
Key facts for Newark
Salary forecast: Newark Loan Officer to 2030
Based on BLS 2022–2032 Employment Projections and WEF Future of Jobs Report 2026. At current growth rates, median salary reaches $101K by 2030.
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Loan Officer Salary in Newark, New Jersey: Complete Guide (2026)
The median Loan Officer salary in Newark, NJ is $101,000 per year as of Q1 2026. This figure represents the midpoint of all reported compensation for this role in the Newark–NJ metropolitan area, based on data from the Bureau of Labor Statistics Occupational Employment Statistics, H-1B visa disclosures from the Department of Labor, and O*NET occupational data.
Salary range for Loan Officer in Newark
Entry-level Loan Officers in Newark with 0–2 years of experience typically earn between $70,000 and $101,000 annually. Mid-career professionals with 3–7 years command $101,000 to $146,000, while senior-level practitioners with 8+ years of experience regularly earn $146,000 to $209,000 or more.
Cost of living in Newark for Loan Officers
Newark has a cost of living index of 155 compared to the US national average of 100. Newark's cost of living is above the US average, so the salary figures above reflect local market rates. New Jersey has a 10.75% state income tax rate.
Education requirements for Loan Officer
Bachelor's in Finance; NMLS license for mortgage. 35% of these roles offer some remote flexibility.