Business & Finance Orem, UT
Pop. 97,499
Loan Officer Salary in Orem, Utah
The median loan officer salary in Orem, UT is $62,453 per year, which is 5% below the national median and 2.1% below the Utah state average.
City Median
$62,453
vs State Avg
$-1,315
vs National
$-3,287
Cost of Living
95%
Loan Officer Salary in Orem by Experience
In Orem, an entry-level loan officer earns around $36,100, while experienced professionals earn up to $123,500 per year. The local cost of living index is 95% of the national average.
Entry Level (0-2 yrs)
$36,100
$-1,900 vs national
Mid Level (3-7 yrs)
$62,700
$-3,300 vs national
Senior Level (8+ yrs)
$123,500
$-6,500 vs national
Salary Percentiles in Orem, UT
| Percentile | Orem |
|---|---|
| 10th Percentile | $33,440 |
| 25th Percentile | $43,130 |
| Median (50th) | $62,453 |
| 75th Percentile | $95,000 |
| 90th Percentile | $146,110 |
Loan Officer Salary in Other Utah Cities
How to Become a Loan Officer in Orem
Education
Most loan officer positions require a bachelor's degree. Orem and the surrounding Utah 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 Orem may vary based on local industry and population growth.