Business & Finance Provo, UT
Pop. 115,162
Loan Officer Salary in Provo, Utah
The median loan officer salary in Provo, UT is $63,110 per year, which is 4% below the national median and 1% below the Utah state average.
City Median
$63,110
vs State Avg
$-658
vs National
$-2,630
Cost of Living
96%
Loan Officer Salary in Provo by Experience
In Provo, an entry-level loan officer earns around $36,480, while experienced professionals earn up to $124,800 per year. The local cost of living index is 96% of the national average.
Entry Level (0-2 yrs)
$36,480
$-1,520 vs national
Mid Level (3-7 yrs)
$63,360
$-2,640 vs national
Senior Level (8+ yrs)
$124,800
$-5,200 vs national
Salary Percentiles in Provo, UT
| Percentile | Provo |
|---|---|
| 10th Percentile | $33,792 |
| 25th Percentile | $43,584 |
| Median (50th) | $63,110 |
| 75th Percentile | $96,000 |
| 90th Percentile | $147,648 |
Loan Officer Salary in Other Utah Cities
How to Become a Loan Officer in Provo
Education
Most loan officer positions require a bachelor's degree. Provo 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 Provo may vary based on local industry and population growth.
Find Loan Officer Jobs in Provo
Browse open loan officer positions in Provo, UT:
Frequently Asked Questions: Loan Officer Salary in Provo
How much does a Loan Officer make in Provo, UT? ▼
The median loan officer salary in Provo, Utah is $63,110 per year, which is 4% below the national median of $65,740. Salaries range from $33,792 (10th percentile) to $147,648 (90th percentile).
How much does a Loan Officer make per hour in Provo? ▼
Based on the median annual salary of $63,110, a loan officer in Provo earns approximately $30 per hour assuming a standard 2,080-hour work year.
How does Provo compare to the Utah state average for loan officer pay? ▼
Provo's median loan officer salary of $63,110 is 1% below the Utah state average of $63,768. The local cost of living index is 96% of the national average.
What is the cost of living in Provo, UT? ▼
Provo has a cost of living index of 96% compared to the national average. This means a loan officer salary of $63,110 in Provo has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Provo? ▼
Most loan officer positions in Provo 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.