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Loan Officers Salary in Utah
Last updated: 2025 BLS data · Page refreshed:
How much do Loan Officers make in Utah?
Last updated: 2025 data from the Bureau of Labor Statistics
$59,440
Median Annual Salary
▼
-2.3% vs 2024
$73,370
Mean Salary
$59,440
Median Salary
$28.58
Hourly Rate
3,990 people work as Loan Officers in Utah
Loan Officers salary by percentile in Utah
BLS-reported salary distribution — from entry-level (10th percentile) to top earners (90th percentile).
Loan Officers in Utah earn a median salary of $59,440 per year ($4,953/month).
This is 22.2% below the national average of $76,354.
Utah ranks #50 out of 51 states for Loan Officers pay.
Approximately 3,990 people work in this occupation across Utah.
Salaries decreased by 2.3% 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 Utah range from $37,790 at the 10th percentile (entry level) to $128,200 at the 90th percentile (experienced). The middle 50% earn between $46,240 and $87,320.
Median $59,440
P10: $37,790P25: $46,240P75: $87,320P90: $128,200
10th
$37,790
25th
$46,240
Median
$59,440
75th
$87,320
90th
$128,200
Percentile
Annual Salary
Hourly Rate
Monthly
10th Percentile (Entry Level)
$37,790
$18.17
$3,149
25th Percentile
$46,240
$22.23
$3,853
Median (50th)
$59,440
$28.58
$4,953
75th Percentile
$87,320
$41.98
$7,276
90th Percentile (Experienced)
$128,200
$61.63
$10,683
Note: The mean (average) salary of $73,370 differs from the median because salary distributions are typically skewed by high earners.
The median annual salary for Loan Officers in Utah is $59,440 as of 2025. The average (mean) salary is $73,370.
What is the salary range for a Loan Officers in Utah?
Salaries for Loan Officers in Utah range from $37,790 at the 10th percentile to $128,200 at the 90th percentile. The middle 50% earn between $46,240 and $87,320.
What is the starting salary for a Loan Officers in Utah?
Entry-level Loan Officers positions in Utah typically start around $37,790 (10th percentile). With some experience, salaries rise to $46,240 (25th percentile).
How many people work as Loan Officers in Utah?
According to 2025 BLS data, approximately 3,990 people are employed as Loan Officers in Utah.
What is the hourly rate for a Loan Officers in Utah?
Based on a standard 2,080-hour work year, the median hourly rate for a Loan Officers in Utah is approximately $28.58 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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