Loan Officer Salary in New Mexico
Median annual pay in New Mexico
$62,610
$30.10/hour
BLS OEWS, May 2025
Adjusted for cost of living in New Mexico
$67,898
Regional Price Parity: 92.212 (U.S. = 100)
Wages: BLS OEWS, May 2025. Cost of living: BEA Regional Price Parities, 2024.
Difference from the U.S. median ($76,690): −$14,080 (−18.4%)
New Mexico ranks 45th of 51 states by median pay, and 45th of 51 after adjusting for cost of living.
Pay
| Annual | Hourly | |
|---|---|---|
| 10th percentile | $27,700 | $13.32 |
| 25th percentile | $48,040 | $23.09 |
| Median | $62,610 | $30.10 |
| 75th percentile | $90,040 | $43.29 |
| 90th percentile | $122,960 | $59.11 |
Employment
- Employment in New Mexico
- 1,140
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Comparison
Compared with the U.S.
- Median annual pay in New Mexico
- $62,610
- Median annual pay in the U.S.
- $76,690
- Difference
- −$14,080 (−18.4%)
Cost of living
$62,610 ÷ 92.212 × 100 = $67,898
Wages: BLS OEWS, May 2025. Cost of living: BEA Regional Price Parities, 2024.
Ranking
| Rank | Median annual pay | Adjusted for cost of living (annual) |
|---|---|---|
| South Carolina | ||
| 43rd | $63,220 | $67,435 46th |
| Tennessee | ||
| 44th | $62,800 | $68,357 44th |
| New Mexico This page | ||
| 45th | $62,610 | $67,898 45th |
| Arizona | ||
| 46th | $62,160 | $61,742 49th |
| Kentucky | ||
| 47th | $62,090 | $68,867 41st |
Similar occupations
Related occupations from O*NET, in O*NET's order, with their BLS median pay. Each figure shows the place it is for.
- Credit Counselor salary in the U.S.
$52,230/year U.S.
- Credit Analyst salary in the U.S.
$83,510/year U.S.
- Personal Financial Advisor salary in the U.S.
$105,070/year U.S.
- Securities, Commodities, and Financial Services Sales Agent salary in the U.S.
$78,660/year U.S.
- Financial Manager salary in the U.S.
$166,570/year U.S.
- Brokerage Clerk salary in the U.S.
$65,750/year U.S.
Outlook
- Projected employment change, 2025–35 (U.S.)
- +1.1%
- Typical education needed for entry (U.S.)
- Bachelor's degree
BLS publishes employment projections only for the U.S. as a whole. BLS Employment Projections, 2025–35
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Loan Officer salary in nearby places
- Loan Officer salary in Arizona
$62,160/year Arizona
- Loan Officer salary in Colorado
$94,520/year Colorado
- Loan Officer salary in Oklahoma
$72,990/year Oklahoma
- Loan Officer salary in Texas
$66,370/year Texas
- Loan Officer salary in Utah
$59,440/year Utah
- Loan Officer salary in the U.S.
$76,690/year U.S.
Sources and update
- Wages and employment: BLS Occupational Employment and Wage Statistics (OEWS), May 2025.
- Cost of living: BEA Regional Price Parities, 2024.
- Related occupations: O*NET® 31.0 Database, CC BY 4.0. Attributions
- Employment projections and typical education: BLS Employment Projections, 2025–35.
- Neighboring states: U.S. Census Bureau, County Adjacency File, 2024.
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