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Loan Officer Salary Information in Utah

The average annual and hourly salaries for loan officers in the state of Utah are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of loan officers among Utah metropolitan 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 Utah

Percentile BracketAverage Annual Salary
10th Percentile Wage
$26,470
25th Percentile Wage
$34,450
50th Percentile Wage
$50,740
75th Percentile Wage
$77,750
90th Percentile Wage
$115,600

Table 1 shows the average annual salary for loan officers in Utah in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $115,600. The median (50th percentile) annual salary is $50,740. The average annual salary for the bottom 10 percent is $26,470.

Percentile BracketAverage Hourly Salary
10th Percentile Wage
$12.72
25th Percentile Wage
$16.55
50th Percentile Wage
$24.39
75th Percentile Wage
$37.38
90th Percentile Wage
$55.58

Table 2 shows the average hourly salary for loan officers in Utah in 5 percentile scales. The average hourly salary for the 90th percentile is $55.58. The median hourly salary is $24.39. The average hourly salary for the bottom 10 percent is $12.72.

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
201650,7400.55%-8.02%
201550,460-3.75%-
201452,350-8.63%-
201356,8703.62%-
201254,810--

Table 3. Median Annual Salary of Loan Officers in Utah Cities

Table 3 shows the median annual salary of loan officers in some Utah cities and metropolitan areas. We note that the median annual salary of loan officers in state of Utah ranges from $42,860 to $68,480. The highest paying area for loan officers in Utah is West Central Utah nonmetropolitan area with a median annual salary of $68,480. The second highest paying city/area in Utah State is Provo-Orem (mean annual salary $63,880). The lowest paying area is Ogden-Clearfield with a median annual salary of $42,860.

Cities/Areas Median Annual Salary
West Central Utah nonmetropolitan area
$68,480
Provo-Orem
$63,880
South Western Utah nonmetropolitan area
$58,530
St George
$52,620
Salt Lake City
$51,660
Logan
$49,180
Eastern Utah nonmetropolitan area
$48,980
Northern Utah nonmetropolitan area
$48,490
Ogden-Clearfield
$42,860



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