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Loan Officers in New Mexico

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Loan Officers in New Mexico

Is New Mexico a good place for you to work as a Loan Officer?

8.9% Jobs Projection
$51,460 Median Salary
110 Job Openings

You’re in luck! Jobs for Loan Officers in New Mexico are projected to grow and these jobs tend to pay higher than average.

  • Projected employment for Loan Officers in New Mexico is growing faster than average.

  • Loan Officers in New Mexico earn higher salaries than the typical U.S. wage earner.

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.

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The typical state has 4,250 Loan Officers working in it, which means New Mexico has fewer Loan Officers than average.

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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%.

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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.

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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

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References

More about our data sources and methodologies.

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