Loan Officers Pay Range in Utah
Pay distribution across experience levels
- 10th Percentile — Entry Level$37,790
- 25th Percentile — Junior$46,240
- 50th Percentile — Median$59,440
- 75th Percentile — Senior$87,320
- 90th Percentile — Top Earners$128,200
Half of Loan Officers in Utah earn more than $59,440. The top 10% make $128,200 or more, while entry-level workers start around $37,790.
Loan Officers in Utah: Key Facts
Source: BLS OEWS May 2025
- Utah ranks 47th of 51 states for Loan Officers pay, at $73,370 per year (16.4% below the U.S. average of $87,790).
- 3,990 people work as Loan Officers in Utah — 1.5% of all U.S. Loan Officers jobs.
- Location quotient 1.30: Loan Officers jobs are more concentrated in Utah than in the U.S. overall.
- Pay range: the lowest-paid 10% earn under $37,790; the top 10% earn over $128,200.
- Hourly equivalent: $35.27 per hour (2,080 hours/year).
- The highest-paying state is Massachusetts at $118,390.
- Among business jobs in Utah, Personal Financial Advisors pays the most ($117,140).
Loan Officers Job Market in Utah
Key factors affecting compensation
Utah's key industries are Technology, Tourism, Finance, and its job market is rated very strong. Loan Officers here earn $73,370 on average, placing the state 47th nationally.
With a cost-of-living index of 1.0 (U.S. = 1.00), a Utah salary of $73,370 is roughly equivalent to $73,370 at the national average cost of living.
Compared with nearby states in the pay ranking, Arizona ($77,060), New Mexico ($75,410), Kentucky ($74,870) 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 Utah
Related career salary benchmarks
- Personal Financial Advisors $117,140/yr Utah +59.7% vs this role
- Financial Examiners $102,640/yr Utah +39.9% vs this role
- Project Management Specialists $101,770/yr Utah +38.7% vs this role
- Financial and Investment Analysts $98,700/yr Utah +34.5% vs this role
- Budget Analysts $93,760/yr Utah +27.8% vs this role
- Accountants and Auditors $87,700/yr Utah +19.5% vs this role
- Logisticians $87,220/yr Utah +18.9% vs this role
- Management Analysts $86,900/yr Utah +18.4% vs this role
Frequently Asked Questions
Common questions about this salary
What is the average Loan Officers salary in Utah?
The average Loan Officers salary in Utah is $73,370 per year (median $59,440), which is 16.4% below the national average of $87,790.
How does Utah rank for Loan Officers pay?
Utah ranks 47th out of 51 states. The highest-paying state is Massachusetts ($118,390/yr).
How much do entry-level Loan Officers make in Utah?
The lowest-paid 10% of Loan Officers in Utah earn about $37,790 per year and the 25th percentile is $46,240.
How much do Loan Officers make per hour in Utah?
About $35.27 per hour, based on the $73,370 annual average and 2,080 working hours per year.
How many Loan Officers work in Utah?
BLS counts 3,990 Loan Officers jobs in Utah (OEWS May 2025).
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