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
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.