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Banking Loan Officer Commercial Salary in Woodbridge, CT
How much does a Banking Loan Officer Commercial make in Woodbridge, CT?
$134,436 (USD)/year
Average Bonus
$6,090 (USD)
per Year
Total Compensation
$138,752.95
Entry Level
$94,367
Median
$132,663
Senior Level
$152,285
As of July, 23, 2026, the average banking loan officer commercial gross salary in Woodbridge, Connecticut is $134,436 or an equivalent hourly rate of $65. In addition, banking loan officer commercials earn an average bonus of $6,090. An entry level banking loan officer commercial with 1-3 years of experience earns an average salary of $94,367. At the higher end of the pay range, a senior level banking loan officer commercial with 8+ years of experience earns an average salary of $152,285. Salary estimates are based on salary survey data collected directly from employers in Woodbridge, Connecticut.
Data powered by ERI
Salary Potential for a Banking Loan Officer Commercial
Explore the estimated salary growth for a Banking Loan Officer Commercial in Woodbridge, CT for up to 5 years. The estimated salary of a Banking Loan Officer Commercial will be $137,905 in 1 year and $152,699 in 5 years.
View Salary by Year
Estimated Salary
$141,463
Average Growth
5.2 %
The estimated salary for a Banking Loan Officer Commercial in 2 years is $141,463, which is 5.2 % average growth. This information is based on ERI's compensation database.
Typical Banking Loan Officer Commercial Education
This chart displays the highest level of education for Banking Loan Officer Commercials.
- 0% of Banking Loan Officer Commercials have less than a High School Diploma
- 8% of Banking Loan Officer Commercials have a High School Diploma
- 2% of Banking Loan Officer Commercials have an Associate's Degree
- 58% of Banking Loan Officer Commercials have a Bachelor's Degree
- 31% of Banking Loan Officer Commercials have a Master's Degree
- 0% of Banking Loan Officer Commercials have a Doctorate Degree
The typical field of study for a Banking Loan Officer Commercial is Finance.
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Banking Loan Officer Commercial Salaries in Other Locations
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View moreCost of Living in Woodbridge, CT
The cost of living in Woodbridge, CT is 16% higher than the national average.
16% higher
than the national average
Whether you're planning to move or just want to see the cost of living in different locations, our cost-of-living calculator is the place to start. Compare salaries for other locations by city, U.S. ZIP code, state, or country.
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Frequently Asked Questions
What does a Banking Loan Officer Commercial do?
Interviews applicants and studies, evaluates, and authorizes or recommends approval of customer applications for secured or unsecured commercial loans and lines of credit.
How much does a Banking Loan Officer Commercial make in Woodbridge, CT?
The average salary for a Banking Loan Officer Commercial is $134,436 per year or $64.63 per hour in Woodbridge, CT. Top earners have reported making up to $152,285. However, the typical pay range in Woodbridge, CT is between $94,367 and $152,285 annually.
What is the salary trajectory for a Banking Loan Officer Commercial?
Banking Loan Officer Commercial is projected to see a 13.6 % salary change in 5 years.
How can you increase your salary?
Increasing your salary often starts with understanding your value in today’s job market. You can increase your earning potential by building your skills, advancing your education, moving into a new role or industry, switching companies, or negotiating pay.
How can you negotiate a salary offer?
Negotiating a salary offer involves preparation and finding our your market value. Use our salary calculator to find out how much you should be paid based on what someone in your area, with similar experience, earns. Use this personalized report to help negotiate a higher salary offer or find your dream career.
What are some factors that impact Banking Loan Officer Commercial salaries?
Several factors can impact your salary, including experience, company size, job market, location, industry, and more. Understanding how these factors affect your role can help you spot pay gaps and provide opportunities for a competitive salary.
About Our Data
This page is an excerpt of the much more complete compensation information available in ERI's Assessor Series.
ERI compiles the most robust and accurate salary, cost-of-living, and executive compensation survey database available. Data are analyzed using AI and traditional statistics, depending on which approach is best for a particular application. ERI collects salary survey data from five different sources, which you can learn about here.
Verified Sources
Data sourced from internal salary surveys, purchased surveys, public sources, HRIS data, and proprietary databases.
Real-Time Data
Our salary database is updated and verified approximately every six weeks.
Quality Assurance
Along with our data scientists, we have included AI in our rigorous process to analyze and provide the highest quality data.
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