What is the average hourly wage for Credit Counselors and Loan Officers?

The median hourly wage for Credit Counselors and Loan Officers is $32.26 per hour. This translates to approximately $67,100 per year working full-time.

What states pay Credit Counselors and Loan Officers the most?

Salaries for Credit Counselors and Loan Officers vary significantly by location. Use the state-by-state table above to see which states offer the highest median wages for this occupation.

What education is needed to become a credit counselors and loan officer?

Typical education required: Bachelor's degree.

Credit Counselors and Loan Officers Salary

Name: Credit Counselors and Loan Officers Salary Data
Creator: U.S. Bureau of Labor Statistics
License: https://www.bls.gov/bls/linksite.htm

Official U.S. Bureau of Labor Statistics Data - May 2024

Median Annual Salary

$67,100

$32.26 / hour

▲ 7% (Faster than average)

Salary Range

$35,563 - $115,412

10th to 90th percentile

Total Employed

348,270

workers nationally

🏛️ Data Source: U.S. Bureau of Labor Statistics OEWS, May 2024 | Updated: Annual | Methodology

Credit Counselors and Loan Officers Salary by Percentile

$35,563 $115,412

10th pct Median: $67,100 90th pct

Percentile	Annual Salary	Hourly Rate
10th (Entry Level)	$35,563	$17.10
25th Percentile	$48,312	$23.23
50th (Median)	$67,100	$32.26
75th Percentile	$92,598	$44.52
90th (Top Earners)	$115,412	$55.49
Source: U.S. Bureau of Labor Statistics OEWS, May 2024

Top Paying States for Credit Counselors and Loan Officers

#	State	Median Annual	Median Hourly
1	District of Columbia (DC)	$88,572	$42.58
2	California (CA)	$83,875	$40.32
3	Massachusetts (MA)	$81,862	$39.36
4	New York (NY)	$81,862	$39.36
5	New Jersey (NJ)	$80,520	$38.71
6	Connecticut (CT)	$79,178	$38.07
7	Maryland (MD)	$79,178	$38.07
8	Hawaii (HI)	$77,165	$37.10
9	Alaska (AK)	$75,152	$36.13
10	Washington (WA)	$75,152	$36.13
Source: BLS OEWS May 2024

About Credit Counselors and Loan Officers

Credit Counselors and Loan Officers work in their specialized field applying expertise and skills to deliver value in their organization. This occupation is part of the business finance sector of the U.S. economy.

Education Requirements

Typical Entry-Level Education: Bachelor's degree

Job Outlook for Credit Counselors and Loan Officers

Projected Growth

+7%

2022-2032

▲ 7% (Faster than average)

Annual Job Openings

980,200

projected annually

Outlook data based on BLS Employment Projections program. Growth rate is projected change in employment 2022-2032.

Frequently Asked Questions

How much do Credit Counselors and Loan Officers make?

The median annual salary for Credit Counselors and Loan Officers is $67,100 (BLS OEWS May 2024). Entry-level workers earn around $35,563, while the top 10% earn $115,412 or more.

What is the hourly wage for Credit Counselors and Loan Officers?

Credit Counselors and Loan Officers earn a median hourly wage of $32.26 per hour. Working full-time (40 hrs/week, 52 weeks), this equals approximately $67,100 annually.

Is Credit Counselors and Loan Officers a good-paying career?

With a median salary of $67,100, Credit Counselors and Loan Officers earns above the U.S. median household income. Job outlook: Faster than average (7% growth, 2022-2032).

What education do Credit Counselors and Loan Officers need?

Typical entry-level education: Bachelor's degree. Requirements vary by employer and specialization - check with specific employers and BLS OOH for detailed requirements.