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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 among New Mexico cities 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 2017 and published in April 2018 [1].

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

Percentile BracketAverage Annual Salary
10th Percentile Wage
$26,150
25th Percentile Wage
$38,900
50th Percentile Wage
$53,710
75th Percentile Wage
$76,880
90th Percentile Wage
$105,050

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 $105,050. The median (50th percentile) annual salary is $53,710. The average annual salary for the bottom 10 percent is $26,150.

Salary Trend (2012 to 2017)

The table and chart below show the trend of the median salary of loan officers from 2012 to 2017.

YearMedian SalaryYearly Growth5-Year Growth
2017
$53,710
11.67% 7.54%
2016
$47,440
2.02% -
2015
$46,480
0.11% -
2014
$46,430
-5.38% -
2013
$48,930
-1.49% -
2012
$49,660
- -

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 $56,280. The highest paying area for loan officers in New Mexico is Las Cruces with a median annual salary of $56,280. The second highest paying city/area in New Mexico State is Eastern New Mexico nonmetropolitan area (mean annual salary $54,190). The lowest paying area is Farmington with a median annual salary of $31,430.

Cities/Areas Median Annual Salary
Las Cruces
$56,280
Eastern New Mexico nonmetropolitan area
$54,190
Albuquerque
$53,860
Santa Fe
$53,290
North and West Central New Mexico nonmetropolitan area
$50,160
Farmington
$31,430




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