Loan Officers Pay Range in New Mexico
Pay distribution across experience levels
- 10th Percentile — Entry Level$27,700
- 25th Percentile — Junior$48,040
- 50th Percentile — Median$62,610
- 75th Percentile — Senior$90,040
- 90th Percentile — Top Earners$122,960
Half of Loan Officers in New Mexico earn more than $62,610. The top 10% make $122,960 or more, while entry-level workers start around $27,700.
Loan Officers in New Mexico: Key Facts
Source: BLS OEWS May 2025
- New Mexico ranks 44th of 51 states for Loan Officers pay, at $75,410 per year (14.1% below the U.S. average of $87,790).
- 1,140 people work as Loan Officers in New Mexico — 0.4% of all U.S. Loan Officers jobs.
- Location quotient 0.74: Loan Officers jobs are less concentrated in New Mexico than in the U.S. overall.
- Pay range: the lowest-paid 10% earn under $27,700; the top 10% earn over $122,960.
- Hourly equivalent: $36.25 per hour (2,080 hours/year).
- The highest-paying state is Massachusetts at $118,390.
- Among business jobs in New Mexico, Personal Financial Advisors pays the most ($151,100).
Loan Officers Job Market in New Mexico
Key factors affecting compensation
New Mexico's key industries are Government, Energy, Tourism, and its job market is rated moderate. Loan Officers here earn $75,410 on average, placing the state 44th nationally.
With a cost-of-living index of 0.88 (U.S. = 1.00), a New Mexico salary of $75,410 is roughly equivalent to $85,693 at the national average cost of living.
Compared with nearby states in the pay ranking, Indiana ($78,980), South Carolina ($77,890), Montana ($77,390) are the closest alternatives for Loan Officers weighing a move.
U.S. Bureau of Labor Statistics · Occupational Employment and Wage Statistics (OES) · May 2025
Other Business Jobs in New Mexico
Related career salary benchmarks
- Personal Financial Advisors $151,100/yr New Mexico +100.4% vs this role
- Project Management Specialists $117,000/yr New Mexico +55.2% vs this role
- Financial and Investment Analysts $98,910/yr New Mexico +31.2% vs this role
- Logisticians $98,540/yr New Mexico +30.7% vs this role
- Management Analysts $97,450/yr New Mexico +29.2% vs this role
- Compensation and Benefits Specialists $93,060/yr New Mexico +23.4% vs this role
- Budget Analysts $91,530/yr New Mexico +21.4% vs this role
- Business Operations Specialists All Other $85,410/yr New Mexico +13.3% vs this role
Frequently Asked Questions
Common questions about this salary
What is the average Loan Officers salary in New Mexico?
The average Loan Officers salary in New Mexico is $75,410 per year (median $62,610), which is 14.1% below the national average of $87,790.
How does New Mexico rank for Loan Officers pay?
New Mexico ranks 44th out of 51 states. The highest-paying state is Massachusetts ($118,390/yr).
How much do entry-level Loan Officers make in New Mexico?
The lowest-paid 10% of Loan Officers in New Mexico earn about $27,700 per year and the 25th percentile is $48,040.
How much do Loan Officers make per hour in New Mexico?
About $36.25 per hour, based on the $75,410 annual average and 2,080 working hours per year.
How many Loan Officers work in New Mexico?
BLS counts 1,140 Loan Officers jobs in New Mexico (OEWS May 2025).
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