National » Loan Officers » New Mexico

Loan Officer Salary Information in New Mexico

The average annual and hourly salaries for loan officers in the state of New Mexico are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of loan officers amongst New Mexico areas is shown in Table 3. The salary statistics are based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2016 and published in April 2017 [1].

Table 1 & 2. Annual & Hourly Salary of Loan Officers in New Mexico

Percentile BracketAverage Annual Salary
10th Percentile Wage
$21,670
25th Percentile Wage
$31,520
50th Percentile Wage
$47,440
75th Percentile Wage
$75,610
90th Percentile Wage
$99,380

Table 1 shows the average annual salary for loan officers in New Mexico in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $99,380. The median (50th percentile) annual salary is $47,440. The average annual salary for the bottom 10 percent is $21,670.

Percentile BracketAverage Hourly Salary
10th Percentile Wage
$10.42
25th Percentile Wage
$15.15
50th Percentile Wage
$22.81
75th Percentile Wage
$36.35
90th Percentile Wage
$47.78

Table 2 shows the average hourly salary for loan officers in New Mexico in 5 percentile scales. The average hourly salary for the 90th percentile is $47.78. The median hourly salary is $22.81. The average hourly salary for the bottom 10 percent is $10.42.

Salary Trend (2012 to 2016)

The following table and chart show the trend of the median salary of loan officers from 2012 to 2016.

YearMedian SalaryYearly Growth4-Year Growth
201647,4402.02%-4.68%
201546,4800.11%-
201446,430-5.38%-
201348,930-1.49%-
201249,660--

Table 3. Median Annual Salary of Loan Officers in New Mexico Cities

Table 3 shows the median annual salary of loan officers in some New Mexico cities and metropolitan areas. We note that the median annual salary of loan officers in state of New Mexico ranges from $31,430 to $67,510. The highest paying area for loan officers in New Mexico is Las Cruces with a median annual salary of $67,510. The second highest paying city/area in New Mexico State is Santa Fe (mean annual salary $57,210). The lowest paying area is Farmington with a median annual salary of $31,430.

Cities/Areas Median Annual Salary
Las Cruces
$67,510
Santa Fe
$57,210
Albuquerque
$49,900
Eastern New Mexico nonmetropolitan area
$40,960
North and West Central New Mexico nonmetropolitan area
$33,260
Farmington
$31,430


Related:

Highest paying cities for loan officers

Highest paying industries for loan officers.