Business & Finance Santa Fe, NM
Pop. 87,505
Loan Officer Salary in Santa Fe, New Mexico
The median loan officer salary in Santa Fe, NM is $72,314 per year, which is 10.0% above the national median and 18.3% above the New Mexico state average.
City Median
$72,314
vs State Avg
+$11,176
vs National
+$6,574
Cost of Living
110%
Loan Officer Salary in Santa Fe by Experience
In Santa Fe, an entry-level loan officer earns around $41,800, while experienced professionals earn up to $143,000 per year. The local cost of living index is 110% of the national average.
Entry Level (0-2 yrs)
$41,800
+$3,800 vs national
Mid Level (3-7 yrs)
$72,600
+$6,600 vs national
Senior Level (8+ yrs)
$143,000
+$13,000 vs national
Salary Percentiles in Santa Fe, NM
| Percentile | Santa Fe |
|---|---|
| 10th Percentile | $38,720 |
| 25th Percentile | $49,940 |
| Median (50th) | $72,314 |
| 75th Percentile | $110,000 |
| 90th Percentile | $169,180 |
Loan Officer Salary in Other New Mexico Cities
How to Become a Loan Officer in Santa Fe
Education
Most loan officer positions require a bachelor's degree. Santa Fe 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 Santa Fe may vary based on local industry and population growth.