Business & Finance Las Cruces, NM
Pop. 111,385
Loan Officer Salary in Las Cruces, New Mexico
The median loan officer salary in Las Cruces, NM is $57,851 per year, which is 12% below the national median and 5.4% below the New Mexico state average.
City Median
$57,851
vs State Avg
$-3,287
vs National
$-7,889
Cost of Living
88%
Loan Officer Salary in Las Cruces by Experience
In Las Cruces, an entry-level loan officer earns around $33,440, while experienced professionals earn up to $114,400 per year. The local cost of living index is 88% of the national average.
Entry Level (0-2 yrs)
$33,440
$-4,560 vs national
Mid Level (3-7 yrs)
$58,080
$-7,920 vs national
Senior Level (8+ yrs)
$114,400
$-15,600 vs national
Salary Percentiles in Las Cruces, NM
| Percentile | Las Cruces |
|---|---|
| 10th Percentile | $30,976 |
| 25th Percentile | $39,952 |
| Median (50th) | $57,851 |
| 75th Percentile | $88,000 |
| 90th Percentile | $135,344 |
Loan Officer Salary in Other New Mexico Cities
How to Become a Loan Officer in Las Cruces
Education
Most loan officer positions require a bachelor's degree. Las Cruces 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 Las Cruces may vary based on local industry and population growth.