Business & Finance Rio Rancho, NM
Pop. 104,046
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.
City Median
$60,481
vs State Avg
$-657
vs National
$-5,259
Cost of Living
92%
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.
Entry Level (0-2 yrs)
$34,960
$-3,040 vs national
Mid Level (3-7 yrs)
$60,720
$-5,280 vs national
Senior Level (8+ yrs)
$119,600
$-10,400 vs national
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
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 Rio Rancho may vary based on local industry and population growth.