Credit Counselors and Loan Officers Salary in Virginia
Official Bureau of Labor Statistics Data - May 2024 - VA
Median Annual Salary in Virginia
$71,797
$34.52 / hour
▲ 7.0% above national avg
National Median
$67,100
$32.26 / hour nationally
COL-Adjusted Purchasing Power
$66,172
Missouri equivalent (COL: 108.5)
Credit Counselors and Loan Officers Salary in Virginia
| Percentile | Annual Salary |
|---|---|
| 10th (Entry Level) | $38,052 |
| 25th Percentile | $51,694 |
| 50th (Median) | $71,797 |
| 75th Percentile | $99,080 |
| 90th (Top Earners) | $123,491 |
| Source: U.S. Bureau of Labor Statistics OEWS, May 2024 | |
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Cost of Living Adjusted Salary
The Virginia median salary of $71,797 for Credit Counselors and Loan Officers has the purchasing power of approximately $66,172 in Missouri (the COL baseline state with index 100).
Virginia's higher cost of living (COL index: 108.5) reduces the real purchasing power of wages compared to lower-cost states.
COL data: MERIC 2024 State Cost of Living Index. Missouri = 100 baseline.
Frequently Asked Questions
How much do Credit Counselors and Loan Officers make in Virginia?
Credit Counselors and Loan Officers in Virginia earn a median annual salary of $71,797 per year ($34.52/hr) according to BLS OEWS data (May 2024). This is above the national median of $67,100.
Is Virginia a good state for Credit Counselors and Loan Officers?
Virginia pays above the national average for credit counselors and loan officers, making it a competitive market for this occupation. Cost of living in Virginia is higher average (COL index: 108.5).
What is the cost-of-living adjusted salary for Credit Counselors and Loan Officers in Virginia?
After adjusting for cost of living (COL index: 108.5 vs. Missouri baseline of 100), the $71,797 salary in Virginia has the purchasing power of approximately $66,172 in Missouri. Higher living costs in Virginia reduce real purchasing power.
How does Virginia compare to neighboring states for Credit Counselors and Loan Officers salaries?
For detailed comparison across all states, see the full Credit Counselors and Loan Officers salary page at the national level, which includes a complete 50-state salary table.
Top Paying Jobs in Virginia
| # | Job Title | Median Annual |
|---|---|---|
| 1 | Anesthesiologists | $355,454 |
| 2 | Radiologists | $331,614 |
| 3 | Orthopedic Surgeons, Except Pediatric | $327,655 |
| 4 | Neurologists | $316,292 |
| 5 | Surgeons, All Other | $315,136 |
| 6 | Ophthalmologists, Except Pediatric | $290,912 |
| 7 | Psychiatrists | $267,284 |
| 8 | Physicians, Pathologists | $260,994 |
| Source: BLS OEWS May 2024 | ||
About Credit Counselors and Loan Officers in Virginia
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 Required: Bachelor's degree
View national Credit Counselors and Loan Officers salary data →