Loan Officers in New Mexico
Is New Mexico a good place for you to work as a Loan Officer?
You’re in luck! Jobs for Loan Officers in New Mexico are projected to grow and these jobs tend to pay higher than average.
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Projected employment for Loan Officers in New Mexico is growing faster than average.
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Loan Officers in New Mexico earn higher salaries than the typical U.S. wage earner.
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How Many Loan Officers Work in New Mexico?
1,470 people worked as Loan Officers in 2018 in this state.
There were 1,290 Loan Officers employed in this state in 2017.
That’s growth of 180 jobs between 2017 and 2018.
The typical state has 4,250 Loan Officers working in it, which means New Mexico has fewer Loan Officers than average.
Job Projections for New Mexico
Jobs for Loan Officers in this state are growing at a rate of 8.9% which is slower than the nationwide estimated projection of 11.4%.
New Mexico Annual Job Openings
The BLS estimates there will be 110 annual job openings, and 1,350 total jobs in 2026 for Loan Officers in this state.
Nationwide, the prediction is 30,400 annual jobs and 354,900 total jobs in 2026.
What do Loan Officers Make in New Mexico?
In 2018 wages for Loan Officers ranged from $26,820 to $122,480 with $51,460 being the median annual salary.
Broken down to an hourly rate, workers in this field made anywhere from $12.9 to $58.89. The median hourly rate was $24.74.
In 2017 the median pay for this field was $25.82 an hour.
The hourly rate declined by $1.08.
The median salary in New Mexico is higher than the nationwide median salary.
Top New Mexico Metros for Loan Officers
The table below shows some of the metros in this state with the most Loan Officers.
| Metro | Number Employed | Annual Median Salary |
|---|---|---|
| Albuquerque, NM | 720 | $51,220 |
| Las Cruces, NM | 210 | $57,590 |
| Santa Fe, NM | 130 | $50,460 |
Top States for Loan Officers Employment
View the list below to see where most Loan Officers work.
| State | Number Employed | Annual Median Salary |
|---|---|---|
| California | 37,030 | $61,310 |
| Texas | 19,950 | $68,710 |
| Florida | 18,000 | $67,760 |
| North Carolina | 13,910 | $62,360 |
| New York | 12,890 | $78,520 |
| Illinois | 12,330 | $66,570 |
| Ohio | 11,520 | $64,770 |
| Virginia | 10,140 | $63,860 |
| Pennsylvania | 10,010 | $59,340 |
| Arizona | 8,970 | $54,400 |
| Georgia | 7,790 | $54,690 |
| Minnesota | 7,740 | $72,030 |
| Missouri | 7,130 | $68,010 |
| Wisconsin | 7,090 | $62,850 |
| Washington | 6,940 | $60,540 |
| New Jersey | 6,670 | $73,180 |
| Massachusetts | 5,780 | $70,090 |
| Tennessee | 5,440 | $54,490 |
| Kentucky | 5,300 | $60,400 |
| Utah | 5,220 | $45,470 |
Below are the states where Loan Officers get paid the most:
| State | Annual Median Salary |
|---|---|
| New York | $78,520 |
| New Hampshire | $76,430 |
| Nebraska | $75,800 |
| Connecticut | $74,990 |
| District of Columbia | $74,840 |
| New Jersey | $73,180 |
| Minnesota | $72,030 |
| Kansas | $71,550 |
| Massachusetts | $70,090 |
| Texas | $68,710 |
Related Careers in NM
You may also be interested in the following careers:
References
- Bureau of Labor Statistics (BLS)
- College Factual
- National Center for Education Statistics
- O*NET Online
- Image Credit: By Dave Dugdale under License
More about our data sources and methodologies.
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