Business & Finance Salt Lake City, UT Pop. 200,133

Loan Officer Salary in Salt Lake City, Utah

The median loan officer salary in Salt Lake City, UT is $67,055 per year, which is 2.0% above the national median and 5.2% above the Utah state average.

City Median
$67,055
vs State Avg
+$3,287
vs National
+$1,315
Cost of Living
102%

Loan Officer Salary in Salt Lake City by Experience

In Salt Lake City, an entry-level loan officer earns around $38,760, while experienced professionals earn up to $132,600 per year. The local cost of living index is 102% of the national average.

Entry Level (0-2 yrs)
$38,760
+$760 vs national
Mid Level (3-7 yrs)
$67,320
+$1,320 vs national
Senior Level (8+ yrs)
$132,600
+$2,600 vs national

Salary Percentiles in Salt Lake City, UT

Percentile Salt Lake City
10th Percentile $35,904
25th Percentile $46,308
Median (50th) $67,055
75th Percentile $102,000
90th Percentile $156,876

Loan Officer Salary in Other Utah Cities

Provo, UT
$63,110
Pop. 115,162
West Jordan, UT
$63,110
Pop. 116,961
Orem, UT
$62,453
Pop. 97,499
West Valley City, UT
$61,796
Pop. 140,230

How to Become a Loan Officer in Salt Lake City

Education

Most loan officer positions require a bachelor's degree. Salt Lake City 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 Salt Lake City may vary based on local industry and population growth.

Find Loan Officer Jobs in Salt Lake City

Browse open loan officer positions in Salt Lake City, UT:

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Frequently Asked Questions: Loan Officer Salary in Salt Lake City

How much does a Loan Officer make in Salt Lake City, UT? ▼
The median loan officer salary in Salt Lake City, Utah is $67,055 per year, which is 2.0% above the national median of $65,740. Salaries range from $35,904 (10th percentile) to $156,876 (90th percentile).
How much does a Loan Officer make per hour in Salt Lake City? ▼
Based on the median annual salary of $67,055, a loan officer in Salt Lake City earns approximately $32 per hour assuming a standard 2,080-hour work year.
How does Salt Lake City compare to the Utah state average for loan officer pay? ▼
Salt Lake City's median loan officer salary of $67,055 is 5.2% above the Utah state average of $63,768. The local cost of living index is 102% of the national average.
What is the cost of living in Salt Lake City, UT? ▼
Salt Lake City has a cost of living index of 102% compared to the national average. This means a loan officer salary of $67,055 in Salt Lake City has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Salt Lake City? ▼
Most loan officer positions in Salt Lake City 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.