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Loan Officers Salary in New Mexico
Last updated: 2025 BLS data · Page refreshed:
How much do Loan Officers make in New Mexico?
Last updated: 2025 data from the Bureau of Labor Statistics
$62,610
Median Annual Salary
▼
-13.9% vs 2024
$75,410
Mean Salary
$62,610
Median Salary
$30.10
Hourly Rate
1,140 people work as Loan Officers in New Mexico
Loan Officers salary by percentile in New Mexico
BLS-reported salary distribution — from entry-level (10th percentile) to top earners (90th percentile).
Loan Officers in New Mexico earn a median salary of $62,610 per year ($5,217/month).
This is 18.0% below the national average of $76,354.
New Mexico ranks #45 out of 51 states for Loan Officers pay.
Approximately 1,140 people work in this occupation across New Mexico.
Salaries decreased by 13.9% compared to 2024.
About This Job: Loan Officers
Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, loan underwriters, and payday loan officers.
Top Skills
Active Listening
4.0
Speaking
4.0
Reading Comprehension
3.88
Judgment and Decision Making
3.88
Critical Thinking
3.75
Key Knowledge Areas
Customer and Personal Service
4.7
Economics and Accounting
3.86
English Language
3.77
Mathematics
3.69
Sales and Marketing
3.47
Typical Education: Bachelor's Degree
(68.7% of workers)
Salaries for Loan Officers in New Mexico range from $27,700 at the 10th percentile (entry level) to $122,960 at the 90th percentile (experienced). The middle 50% earn between $48,040 and $90,040.
Median $62,610
P10: $27,700P25: $48,040P75: $90,040P90: $122,960
10th
$27,700
25th
$48,040
Median
$62,610
75th
$90,040
90th
$122,960
Percentile
Annual Salary
Hourly Rate
Monthly
10th Percentile (Entry Level)
$27,700
$13.32
$2,308
25th Percentile
$48,040
$23.10
$4,003
Median (50th)
$62,610
$30.10
$5,217
75th Percentile
$90,040
$43.29
$7,503
90th Percentile (Experienced)
$122,960
$59.12
$10,246
Note: The mean (average) salary of $75,410 differs from the median because salary distributions are typically skewed by high earners.
The median annual salary for Loan Officers in New Mexico is $62,610 as of 2025. The average (mean) salary is $75,410.
What is the salary range for a Loan Officers in New Mexico?
Salaries for Loan Officers in New Mexico range from $27,700 at the 10th percentile to $122,960 at the 90th percentile. The middle 50% earn between $48,040 and $90,040.
What is the starting salary for a Loan Officers in New Mexico?
Entry-level Loan Officers positions in New Mexico typically start around $27,700 (10th percentile). With some experience, salaries rise to $48,040 (25th percentile).
How many people work as Loan Officers in New Mexico?
According to 2025 BLS data, approximately 1,140 people are employed as Loan Officers in New Mexico.
What is the hourly rate for a Loan Officers in New Mexico?
Based on a standard 2,080-hour work year, the median hourly rate for a Loan Officers in New Mexico is approximately $30.10 per hour.
Salary data is sourced from the U.S. Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) survey, 2025 estimates. The OEWS survey covers approximately 1.1 million establishments nationwide.
Annual salaries are calculated based on a standard 2,080-hour work year. Actual compensation may vary based on experience, education, employer, and local market conditions. Figures do not include benefits, bonuses, or overtime pay.
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