Loan Officers Salary in New Mexico
SOC 13-2072 · New Mexico · BLS OEWS May 2024
The median salary for Loan Officers in New Mexico is $72,696 per year ($34.95/hr). This is 2% lower than the national median of $74,173. The middle 50% earn between $49,774 and $95,534 annually. Top earners at the 90th percentile reach $133,245.
Wage Percentiles: New Mexico
| Percentile | Hourly Rate | Annual Salary | vs National |
|---|---|---|---|
| P10 | $16.65 | $34,632 | -10.0% |
| P25 | $23.93 | $49,774 | -1.4% |
| P50MEDIAN | $34.95 | $72,696 | -2.0% |
| P75 | $45.93 | $95,534 | -6.3% |
| P90 | $64.06 | $133,245 | -8.6% |
Market Context Signal
Financial activities openings fell 28K but hiring actually rose 40K, bucking the broader downtrend. Quit rates at 1.2% signal deep employee retention. One of the most employer-favorable sectors.
Frequently Asked Questions
What is the median loan officers salary in New Mexico?
The median (P50) annual salary for Loan Officers in New Mexico is approximately $72,696, based on BLS OEWS May 2024 data adjusted for regional cost factors. This is 2% lower than the national median of $74,173.
What is the salary range for entry-level loan officers in New Mexico?
Entry-level Loan Officers (10th percentile) in New Mexico earn approximately $34,632 per year. The 25th percentile is $49,774. Top earners (90th percentile) reach $133,245.
How does New Mexico compare to the national average for loan officers?
New Mexico pays 2% lower than the national average. The national P50 is $74,173 vs $72,696 in New Mexico. Based on BLS national data adjusted for regional cost factors.
Loan Officers Salary by Location
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