Business & Finance Albuquerque, NM Pop. 564,559

Loan Officer Salary in Albuquerque, New Mexico

The median loan officer salary in Albuquerque, NM is $62,453 per year, which is 5% below the national median and 2.2% above the New Mexico state average.

City Median
$62,453
vs State Avg
+$1,315
vs National
$-3,287
Cost of Living
95%

Loan Officer Salary in Albuquerque by Experience

In Albuquerque, an entry-level loan officer earns around $36,100, while experienced professionals earn up to $123,500 per year. The local cost of living index is 95% of the national average.

Entry Level (0-2 yrs)
$36,100
$-1,900 vs national
Mid Level (3-7 yrs)
$62,700
$-3,300 vs national
Senior Level (8+ yrs)
$123,500
$-6,500 vs national

Salary Percentiles in Albuquerque, NM

Percentile Albuquerque
10th Percentile $33,440
25th Percentile $43,130
Median (50th) $62,453
75th Percentile $95,000
90th Percentile $146,110

Loan Officer Salary in Other New Mexico Cities

Santa Fe, NM
$72,314
Pop. 87,505
Rio Rancho, NM
$60,481
Pop. 104,046
Las Cruces, NM
$57,851
Pop. 111,385
Roswell, NM
$53,907
Pop. 48,422

How to Become a Loan Officer in Albuquerque

Education

Most loan officer positions require a bachelor's degree. Albuquerque and the surrounding New Mexico area have institutions offering relevant programs.

Key Skills

Credit AnalysisMortgage LendingCustomer ServiceRegulatory ComplianceSalesFinancial Software

Job Outlook

Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). Demand in Albuquerque may vary based on local industry and population growth.

Find Loan Officer Jobs in Albuquerque

Browse open loan officer positions in Albuquerque, NM:

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Frequently Asked Questions: Loan Officer Salary in Albuquerque

How much does a Loan Officer make in Albuquerque, NM? ▼
The median loan officer salary in Albuquerque, New Mexico is $62,453 per year, which is 5% below the national median of $65,740. Salaries range from $33,440 (10th percentile) to $146,110 (90th percentile).
How much does a Loan Officer make per hour in Albuquerque? ▼
Based on the median annual salary of $62,453, a loan officer in Albuquerque earns approximately $30 per hour assuming a standard 2,080-hour work year.
How does Albuquerque compare to the New Mexico state average for loan officer pay? ▼
Albuquerque's median loan officer salary of $62,453 is 2.2% above the New Mexico state average of $61,138. The local cost of living index is 95% of the national average.
What is the cost of living in Albuquerque, NM? ▼
Albuquerque has a cost of living index of 95% compared to the national average. This means a loan officer salary of $62,453 in Albuquerque has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Albuquerque? ▼
Most loan officer positions in Albuquerque require a bachelor's degree. Key skills include Credit Analysis, Mortgage Lending, Customer Service, Regulatory Compliance. The job market is projected to grow 3% nationally over the next decade.