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.
Find Loan Officer Jobs in Orem
Browse open loan officer positions in Orem, UT:
Frequently Asked Questions: Loan Officer Salary in Orem
How much does a Loan Officer make in Orem, UT? ▼
The median loan officer salary in Orem, Utah is $62,453 per year, which is 5% below the national median of $65,740. Salaries range from $33,440 (10th percentile) to $146,110 (90th percentile).
How much does a Loan Officer make per hour in Orem? ▼
Based on the median annual salary of $62,453, a loan officer in Orem earns approximately $30 per hour assuming a standard 2,080-hour work year.
How does Orem compare to the Utah state average for loan officer pay? ▼
Orem's median loan officer salary of $62,453 is 2.1% below the Utah state average of $63,768. The local cost of living index is 95% of the national average.
What is the cost of living in Orem, UT? ▼
Orem has a cost of living index of 95% compared to the national average. This means a loan officer salary of $62,453 in Orem has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Orem? ▼
Most loan officer positions in Orem 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.