Loan Officer Salary in Utah
Based on 4K+ workers in Utah
Median Annual Salary (UT)
$59,440
$28.58/hr
vs National Average
$76,354
-22.2% vs national median
Salary Range (10th–90th)
$38K – $128K
4K employed in Utah
Understanding the Loan Officer salary in Utah reveals a median annual income of $59,440. This figure sits 22% below the national average, with the typical range for a Loan Officer in the state falling between $37,790 and $128,200. Currently, approximately 3,990 individuals are employed in this profession across Utah.
Several factors influence the Loan Officer salary in Utah. Experience level is a significant driver, with seasoned professionals often commanding higher compensation. Additionally, the specific type of lending institution, the volume of business handled, and performance-based bonuses can all contribute to variations within the salary range for Loan Officers in this region.
Salary Distribution — Loan Officer in Utah
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $37,790 |
| 25th percentile | $46,240 |
| Median (50th percentile) | $59,440 |
| 75th percentile | $87,320 |
| 90th percentile | $128,200 |
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 Utah 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 Utah vs National
| Year | Median Salary (Utah) |
|---|---|
| 2022 | $49,980 |
| 2023 | $59,780 |
| 2024 | $60,870 |
| 2025 | $59,440 |
| 2026 (projected) | $59,440 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | Utah Median | National Median |
|---|---|---|
| 2022 | $49,980 | $68,453 |
| 2023 | $59,780 | $70,692 |
| 2024 | $60,870 | $73,485 |
| 2025 | $59,440 | $76,354 |
| 2026 (projected) | $59,440 | $76,354 |
Loan Officer Salary by Experience Level in Utah
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $46,240 |
| Mid-level | 3-5 yrs | $59,440 |
| Senior | 6-9 yrs | $87,320 |
| Staff / Lead | 10+ yrs | $128,200 |
Loan Officer Salary in Other States
Related Loan Officer Salaries in Utah
How other high-demand occupations in Utah compare to Loan Officer ($59,440 median).
| Occupation | Median Salary | vs Loan Officer | Hourly |
|---|---|---|---|
| Financial Manager in UT | $150,450 | +153.1% | $72.33/hr |
| Actuary in UT | $132,720 | +123.3% | $63.81/hr |
| Financial Examiner in UT | $92,000 | +54.8% | $44.23/hr |
| Financial Analyst in UT | $91,370 | +53.7% | $43.93/hr |
| Budget Analyst in UT | $88,610 | +49.1% | $42.60/hr |
| Accountant in UT | $79,990 | +34.6% | $38.46/hr |
| Personal Financial Advisor in UT | $77,390 | +30.2% | $37.21/hr |
| Tax Examiner in UT | $76,530 | +28.8% | $36.79/hr |
| Credit Analyst in UT | $74,430 | +25.2% | $35.78/hr |
| Compliance Officer in UT | $67,370 | +13.3% | $32.39/hr |
| Securities Sales Agent in UT | $64,660 | +8.8% | $31.09/hr |
| Insurance Sales Agent in UT | $61,230 | +3.0% | $29.44/hr |
Frequently Asked Questions
What is the typical salary for a Loan Officer in Utah?
- The median salary for a Loan Officer in Utah is $59,440 per year, which averages out to $29 per hour. This means that half of all Loan Officers in the state earn more than this amount, and half earn less.
How does the salary for Loan Officers in Utah compare to the national average?
- Loan Officers in Utah earn 22.2% less than the national average. The national median salary is approximately $76,386, while in Utah it's $59,440 annually.
What is the salary range for Loan Officers in Utah?
- In Utah, Loan Officers can expect to earn between $37,790 and $128,200 per year. The lower end represents the bottom 25% of earners, while the higher end encompasses the top 25%.
How many Loan Officers are employed in Utah?
- There are approximately 3,990 Loan Officers currently employed in Utah. This indicates a significant presence of this profession within the state's financial sector.