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.