New Mexico ranks 28th of 51 states and D.C. for loan officers pay, trailing top-paying District of Columbia ($102,200) by $29,510 — a 41% gap.
Loan Officers are less concentrated in New Mexico than the U.S. average — a location quotient of 0.60 means the occupation's share of local jobs is 1.67× below the national share.
Salary Range: 10th to 90th Percentile
Full Percentile Breakdown
| Percentile | Annual Wage | Hourly Wage |
|---|---|---|
| 10th percentile (entry-level) | $34,630 | $16.65 |
| 25th percentile | $49,780 | $23.93 |
| 50th percentile (median) | $72,690 | $34.95 |
| 75th percentile | $95,530 | $45.93 |
| 90th percentile (top earners) | $133,250 | $64.06 |
| Mean (average) | $80,640 | $38.77 |
How New Mexico Compares
| State | Median Annual | vs. New Mexico |
|---|---|---|
| New Mexico (current) | $72,690 | n/a |
| District of Columbia | $102,200 | +41% |
| New York | $98,940 | +36% |
| New Jersey | $95,090 | +31% |
| Massachusetts | $93,430 | +29% |
| Vermont | $86,490 | +19% |
| Minnesota | $84,480 | +16% |
| North Dakota | $82,990 | +14% |
| Kansas | $82,540 | +14% |
Showing top-paying states with available data. View all states →
Related Occupations in New Mexico
| Occupation | Median Annual | Employment |
|---|---|---|
| Buyers and Purchasing Agents | $72,840 | 2,020 |
| Instructional Coordinators | $73,210 | 640 |
| Financial Examiners | $73,260 | 130 |
| Special Education Teachers, Secondary School | $71,960 | 1,610 |
| Executive Secretaries and Executive Administrative Assistants | $71,930 | 3,130 |
| Middle School Teachers, Except Special and Career/Technical Education | $73,520 | 4,120 |
Frequently Asked Questions
What is the average Loan Officers salary in New Mexico?
The mean loan officers salary in New Mexico is $80,640 per year. The median (middle) salary is $72,690 per year.
What is the starting salary for a Loan Officers in New Mexico?
Entry-level loan officerss (10th percentile) in New Mexico typically earn around $34,630 per year. Workers at the 25th percentile earn approximately $49,780 per year.
What is the highest Loan Officers salary in New Mexico?
Top earners (90th percentile) in this occupation in New Mexico make approximately $133,250 per year. Those in the 75th percentile earn around $95,530 per year.
How does the New Mexico Loan Officers salary compare to the national average?
The median loan officers salary in New Mexico is $72,690, which is -2% below national average of $74,180.