Evaluate, authorize, and recommend mortgage loan applications for real estate purchases. Median salary in Edison: $86K/year. Data from BLS, O*NET, and H-1B disclosures.
Figures represent annual base salary in Edison, New Jersey. Reviewed by SalaryOptics Editorial · How we calculate this →
Analysis derived from the salary, COL, tax, and labor-market figures above — specific to this role and city.
Mortgage Loan Officers in Edison earn approximately 19% higher than the US national median for this role — a $14,000 premium on annual base salary. This reflects Edison's position as a higher-cost labor market where employers must match local wage norms.
Adjusted for Edison's cost-of-living index (138), the median Mortgage Loan Officer salary buys the equivalent of $62,319 in a US-average-cost city. That's $9,681 less purchasing power than the national median — the higher nominal salary doesn't fully offset local costs.
New Jersey's 10.75% state income tax reduces take-home by roughly $9,245 per year at the median salary. A Mortgage Loan Officer relocating to a no-tax state like Texas, Florida, or Tennessee would retain that amount without changing gross pay.
Based on BLS 2022–2032 Employment Projections and WEF Future of Jobs Report 2026. At current growth rates, median salary reaches $86K by 2030.
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The median Mortgage Loan Officer salary in Edison, NJ is $86,000 per year as of Q1 2026. This figure represents the midpoint of all reported compensation for this role in the Edison–NJ metropolitan area, based on data from the Bureau of Labor Statistics Occupational Employment Statistics, H-1B visa disclosures from the Department of Labor, and O*NET occupational data.
Entry-level Mortgage Loan Officers in Edison with 0–2 years of experience typically earn between $57,000 and $86,000 annually. Mid-career professionals with 3–7 years command $86,000 to $128,000, while senior-level practitioners with 8+ years of experience regularly earn $128,000 to $193,000 or more.
Edison has a cost of living index of 138 compared to the US national average of 100. Edison's cost of living is above the US average, so the salary figures above reflect local market rates. New Jersey has a 10.75% state income tax rate.
Bachelor's; NMLS license required. 38% of these roles offer some remote flexibility.