Loan Officer Salary in New Mexico
Based on 1K+ workers in New Mexico
Median Annual Salary (NM)
$62,610
$30.10/hr
vs National Average
$76,354
-18.0% vs national median
Salary Range (10th–90th)
$28K – $123K
1K employed in New Mexico
Understanding the Loan Officer salary in New Mexico offers valuable insight into earning potential within this essential financial role. The median annual salary for a Loan Officer in New Mexico is $62,610. This figure falls 18% below the national average, with a typical range for this profession in the state spanning from $27,700 to $122,960, supporting approximately 1,140 workers in the field.
Several factors can influence a Loan Officer salary in New Mexico. Experience level, the specific type of lending institution, and the volume of loans processed all play a significant role. Geographic location within New Mexico, from larger metropolitan areas to more rural regions, can also impact compensation, alongside educational attainment and any specialized certifications held by the professional.
Salary Distribution — Loan Officer in New Mexico
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $27,700 |
| 25th percentile | $48,040 |
| Median (50th percentile) | $62,610 |
| 75th percentile | $90,040 |
| 90th percentile | $122,960 |
Top-Paying Industries for Loan Officer (U.S.)
Which industries pay Loan Officers the most — nationwide figures (industry-level data is not available by state). Loan Officers in New Mexico tend to follow these industry patterns.
| Industry (U.S.) | Median Salary | Employed (U.S.) |
|---|---|---|
| Retail Trade | $103,260 | 12K |
| Real Estate and Rental and Leasing | $84,090 | 3K |
| Government (excl. schools, hospitals & USPS) | $81,330 | 6K |
| Management of Companies and Enterprises | $79,570 | 12K |
| Other Services (except Public Administration) | $77,140 | 560 |
Source: U.S. BLS OEWS National Industry-Specific estimates, May 2025. National figures (not state-specific).
Historical Salary Trend — Loan Officer in New Mexico vs National
| Year | Median Salary (New Mexico) |
|---|---|
| 2022 | $60,540 |
| 2023 | $63,410 |
| 2024 | $72,690 |
| 2025 | $62,610 |
| 2026 (projected) | $62,610 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | New Mexico Median | National Median |
|---|---|---|
| 2022 | $60,540 | $68,453 |
| 2023 | $63,410 | $70,692 |
| 2024 | $72,690 | $73,485 |
| 2025 | $62,610 | $76,354 |
| 2026 (projected) | $62,610 | $76,354 |
Loan Officer Salary by Experience Level in New Mexico
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $48,040 |
| Mid-level | 3-5 yrs | $62,610 |
| Senior | 6-9 yrs | $90,040 |
| Staff / Lead | 10+ yrs | $122,960 |
Loan Officer Salary in Other States
Related Loan Officer Salaries in New Mexico
How other high-demand occupations in New Mexico compare to Loan Officer ($62,610 median).
| Occupation | Median Salary | vs Loan Officer | Hourly |
|---|---|---|---|
| Financial Manager in NM | $133,700 | +113.5% | $64.28/hr |
| Personal Financial Advisor in NM | $94,270 | +50.6% | $45.32/hr |
| Financial Analyst in NM | $87,630 | +40.0% | $42.13/hr |
| Budget Analyst in NM | $87,360 | +39.5% | $42.00/hr |
| Tax Examiner in NM | $80,610 | +28.7% | $38.75/hr |
| Accountant in NM | $78,580 | +25.5% | $37.78/hr |
| Credit Analyst in NM | $72,160 | +15.3% | $34.69/hr |
| Compliance Officer in NM | $67,990 | +8.6% | $32.69/hr |
| Financial Examiner in NM | $67,950 | +8.5% | $32.67/hr |
| Securities Sales Agent in NM | $60,850 | -2.8% | $29.25/hr |
| Insurance Sales Agent in NM | $45,180 | -27.8% | $21.72/hr |
| Librarian in NM | $62,530 | -0.1% | $30.06/hr |
Frequently Asked Questions
How much do loan officers make in New Mexico?
- The median salary for a loan officer in New Mexico is $62,610 per year, which is equivalent to about $30 per hour. The salary range in the state is quite broad, from $27,700 to $122,960 annually.
What is the average salary for a loan officer in New Mexico compared to the national average?
- Loan officers in New Mexico earn 18.0% less than the national average salary. This means the median salary of $62,610 in New Mexico is significantly lower than the national median.
What is the typical salary range for loan officers in New Mexico?
- In New Mexico, the salary for a loan officer typically falls between $27,700 at the lower end and $122,960 at the higher end. The median annual income for this profession is $62,610.
How many loan officers are employed in New Mexico?
- There are approximately 1,140 loan officers employed in New Mexico. This indicates a notable presence of this profession within the state's workforce.