Pay vs cost of living
How far does a Loan Officer's pay go, state by state?
A Loan Officer's pay leaves the most room in North Dakota — about $5,619/mo take-home against $911/mo typical rent — and the least in Arizona.
| State | Est. take-home | Typical rent | Rent share |
|---|---|---|---|
| North Dakota | $5,619/mo | $911/mo | 16% |
| New York | $6,325/mo | $1,621/mo | 26% |
| District of Columbia | $6,514/mo | $1,900/mo | 29% |
| Massachusetts | $6,301/mo | $1,716/mo | 27% |
| Minnesota | $5,351/mo | $1,230/mo | 23% |
| South Dakota | $4,982/mo | $910/mo | 18% |
| Wisconsin | $5,073/mo | $1,033/mo | 20% |
| Iowa | $4,936/mo | $932/mo | 19% |
| Kansas | $5,000/mo | $1,025/mo | 21% |
| Vermont | $5,167/mo | $1,207/mo | 23% |
| Nebraska | $4,929/mo | $1,017/mo | 21% |
| Delaware | $5,169/mo | $1,321/mo | 26% |
| New Jersey | $5,366/mo | $1,656/mo | 31% |
| Georgia | $5,008/mo | $1,320/mo | 26% |
| Michigan | $4,750/mo | $1,072/mo | 23% |
| Illinois | $4,891/mo | $1,246/mo | 25% |
| Arkansas | $4,492/mo | $903/mo | 20% |
| Rhode Island | $4,878/mo | $1,289/mo | 26% |
| Maine | $4,687/mo | $1,104/mo | 24% |
| New Hampshire | $4,970/mo | $1,424/mo | 29% |
| Oklahoma | $4,492/mo | $970/mo | 22% |
| Virginia | $5,010/mo | $1,547/mo | 31% |
| Oregon | $4,853/mo | $1,431/mo | 29% |
| Wyoming | $4,380/mo | $979/mo | 22% |
| Colorado | $4,951/mo | $1,659/mo | 34% |
| Indiana | $4,295/mo | $1,022/mo | 24% |
| Kentucky | $4,167/mo | $918/mo | 22% |
| North Carolina | $4,371/mo | $1,147/mo | 26% |
| Missouri | $4,171/mo | $997/mo | 24% |
| Connecticut | $4,644/mo | $1,483/mo | 32% |
| Ohio | $4,116/mo | $986/mo | 24% |
| Washington | $4,752/mo | $1,641/mo | 35% |
| New Mexico | $4,122/mo | $1,034/mo | 25% |
| Alabama | $4,039/mo | $967/mo | 24% |
| Montana | $4,057/mo | $1,031/mo | 25% |
| Pennsylvania | $4,175/mo | $1,176/mo | 28% |
| Maryland | $4,667/mo | $1,683/mo | 36% |
| Texas | $4,280/mo | $1,328/mo | 31% |
| Alaska | $4,311/mo | $1,361/mo | 32% |
| Tennessee | $4,046/mo | $1,111/mo | 27% |
| South Carolina | $4,003/mo | $1,131/mo | 28% |
| California | $4,770/mo | $1,969/mo | 41% |
| Florida | $4,261/mo | $1,542/mo | 36% |
| Idaho | $3,821/mo | $1,163/mo | 30% |
| West Virginia | $3,375/mo | $848/mo | 25% |
| Hawaii | $4,441/mo | $1,927/mo | 43% |
| Utah | $3,886/mo | $1,396/mo | 36% |
| Mississippi | $3,197/mo | $933/mo | 29% |
| Louisiana | $3,274/mo | $1,028/mo | 31% |
| Nevada | $3,634/mo | $1,478/mo | 41% |
| Arizona | $3,378/mo | $1,419/mo | 42% |
Take-home is that state's BLS OEWS 2023 median wage after a rough ~22% tax estimate — a ballpark, not a real paycheck. Rent is population-weighted Census gross rent (utilities included). Neither includes state taxes, insurance, or the cost of moving.