Loan Officer Salary in Rio Rancho, New Mexico
The median loan officer salary in Rio Rancho, NM is $60,481 per year, which is 8% below the national median and 1.1% below the New Mexico state average.
Loan Officer Pay in Rio Rancho: What to Expect (2026)
Rio Rancho offers a median loan officer salary of $60,481, which is $657 below the New Mexico state average of $61,138. Compared to the national median of $65,740, Rio Rancho pays below the national benchmark for this role.
Rio Rancho's cost of living is 92% of the national average, meaning salary figures here closely reflect actual purchasing power. This makes direct comparisons to other cities straightforward.
The salary range for loan officers in Rio Rancho spans from $32,384 at the 10th percentile to $141,496 at the 90th percentile — a $109,112 spread. Entry-level professionals start around $34,960, while senior loan officers with 8+ years of experience can earn up to $119,600. With a population of 104,046, Rio Rancho is a mid-sized metro with a growing job market.
Loan Officer Salary in Rio Rancho by Experience
In Rio Rancho, an entry-level loan officer earns around $34,960, while experienced professionals earn up to $119,600 per year. The local cost of living index is 92% of the national average.
Salary Percentiles in Rio Rancho, NM
| Percentile | Rio Rancho |
|---|---|
| 10th Percentile | $32,384 |
| 25th Percentile | $41,768 |
| Median (50th) | $60,481 |
| 75th Percentile | $92,000 |
| 90th Percentile | $141,496 |
Loan Officer Salary in Other New Mexico Cities
How to Become a Loan Officer in Rio Rancho
Education
Most loan officer positions require a bachelor's degree. Rio Rancho and the surrounding New Mexico area have institutions offering relevant programs.
Key Skills
Job Outlook
Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). Demand in Rio Rancho may vary based on local industry and population growth.
Find Loan Officer Jobs in Rio Rancho
Browse open loan officer positions in Rio Rancho, NM: