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

Santa Fe, NM
$72,314
Pop. 87,505
Albuquerque, NM
$62,453
Pop. 564,559
Rio Rancho, NM
$60,481
Pop. 104,046
Roswell, NM
$53,907
Pop. 48,422

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.

Find Loan Officer Jobs in Las Cruces

Browse open loan officer positions in Las Cruces, NM:

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Frequently Asked Questions: Loan Officer Salary in Las Cruces

How much does a Loan Officer make in Las Cruces, NM? ▼
The median loan officer salary in Las Cruces, New Mexico is $57,851 per year, which is 12% below the national median of $65,740. Salaries range from $30,976 (10th percentile) to $135,344 (90th percentile).
How much does a Loan Officer make per hour in Las Cruces? ▼
Based on the median annual salary of $57,851, a loan officer in Las Cruces earns approximately $28 per hour assuming a standard 2,080-hour work year.
How does Las Cruces compare to the New Mexico state average for loan officer pay? ▼
Las Cruces's median loan officer salary of $57,851 is 5.4% below the New Mexico state average of $61,138. The local cost of living index is 88% of the national average.
What is the cost of living in Las Cruces, NM? ▼
Las Cruces has a cost of living index of 88% compared to the national average. This means a loan officer salary of $57,851 in Las Cruces has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Las Cruces? ▼
Most loan officer positions in Las Cruces 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.