Loan Officer Salary in Maryland
Loan Officers in Maryland earn an average of $70,201 per year across 1 metro area. This is +0.3% higher than the national average.
Average Salary
$70,201
per year
Hourly Rate
$33.75
per hour
vs National
+0.3%
$69,990 national
Salary Range
$47,232
to $98,009
Cost of Living Adjusted Salary
Nominal Salary
$70,201
Cost of Living Index
120
100 = national average
Adjusted Salary
$58,501
purchasing power equivalent
After adjusting for Maryland's cost of living (above average), a Loan Officer's salary of $70,201 has the purchasing power of $58,501 in an average-cost area.
Loan Officer Salary by City in Maryland
| City | Median Salary | Hourly Rate | Entry Level (P10) | Senior (P90) | Employment |
|---|---|---|---|---|---|
| Baltimore, MD | $70,201 | $33.75/hr | $47,232 | $98,009 | 295 |
Source: Bureau of Labor Statistics OEWS Survey, 2026. Sorted by median salary (highest first).
Maryland vs National Average
Loan Officer Salary Comparison
Employment in Maryland
There are approximately 295 Loan Officers employed across 1 metro area in Maryland.
Key Industries: Federal Government, Biotechnology, Cybersecurity
State Income Tax: 2% - 5.75%
Loan Officer Salary Range in Maryland
Entry Level (10th Percentile)
$47,232
Starting salary for new Loan Officers
Median (50th Percentile)
$70,201
Mid-career Loan Officer salary
Senior (90th Percentile)
$98,009
Top earners in the field
Related Occupations in Maryland
Loan Officer Salary in Neighboring States
Compare Loan Officer salaries in Maryland with nearby states to find the best opportunities.
More Maryland Data
Frequently Asked Questions
What is the average Loan Officer salary in Maryland?
The average Loan Officer salary in Maryland is $70,201 per year ($33.75/hour) based on 2026 data across 1 metro areas. This is 0.3% above the national average of $69,990.
What is the highest paying city for Loan Officers in Maryland?
Baltimore, MD is the highest paying city for Loan Officers in Maryland, with a median salary of $70,201 per year.
What is the salary range for Loan Officers in Maryland?
Loan Officer salaries in Maryland range from $47,232 (entry-level, 10th percentile) to $98,009 (experienced, 90th percentile). The median salary is $70,201 per year.
About This Data
Salary data is sourced from the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey. State-level averages are calculated from metro area data within Maryland. Figures represent 2026 estimates and may not reflect all employers or self-employed workers. Cost of living adjustments use regional indices to provide purchasing power context.