The annual salary statistics of loan officers in Las Cruces, New Mexico is shown in Table 1. The wage statistics of loan officers in Las Cruces is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2022 and published in April 2023 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $36,550 |
| 25th Percentile Wage | $44,290 |
| 50th Percentile Wage | $62,110 |
| 75th Percentile Wage | $83,870 |
| 90th Percentile Wage | $109,990 |
Table 1 shows the average annual salary for loan officers in Las Cruces, New Mexico in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $109,990. The median (50th percentile) annual salary is $62,110. The average annual salary for the bottom 10 percent earners is $36,550.
The table and chart below show the trend of the median salary of loan officers from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $62,110 | 3.51% | 4.12% |
| 2021 | $59,930 | 12.26% | - |
| 2020 | $52,580 | -4.34% | - |
| 2019 | $54,860 | -4.98% | - |
| 2018 | $57,590 | 2.27% | - |
| 2017 | $56,280 | -19.95% | - |
| 2016 | $67,510 | -1.32% | - |
| 2015 | $68,400 | -4.74% | - |
| 2014 | $71,640 | 13.23% | - |
| 2013 | $62,160 | 4.20% | - |
| 2012 | $59,550 | - | - |
From Table 3 we note that the median annual salary of $62,110 in Las Cruces is in the middle of salary range for loan officers in state of New Mexico. In comparison, the annual salary of loan officers in Las Cruces is 7.0 percent (7.0%) lower than that in the highest paying Eastern New Mexico nonmetropolitan area and 21.0 percent (21.0%) higher than that in the lowest paying Northern New Mexico nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| Eastern New Mexico nonmetropolitan area | |
| Farmington | |
| Santa Fe | |
| Las Cruces | |
| Albuquerque | |
| Eastern New Mexico nonmetropolitan area | |
| North and West Central New Mexico nonmetropolitan area | |
| Northern New Mexico nonmetropolitan area |