Business & Finance West Valley City, UT Pop. 140,230

Loan Officer Salary in West Valley City, Utah

The median loan officer salary in West Valley City, UT is $61,796 per year, which is 6% below the national median and 3.1% below the Utah state average.

City Median
$61,796
vs State Avg
$-1,972
vs National
$-3,944
Cost of Living
94%

Loan Officer Salary in West Valley City by Experience

In West Valley City, an entry-level loan officer earns around $35,720, while experienced professionals earn up to $122,200 per year. The local cost of living index is 94% of the national average.

Entry Level (0-2 yrs)
$35,720
$-2,280 vs national
Mid Level (3-7 yrs)
$62,040
$-3,960 vs national
Senior Level (8+ yrs)
$122,200
$-7,800 vs national

Salary Percentiles in West Valley City, UT

Percentile West Valley City
10th Percentile $33,088
25th Percentile $42,676
Median (50th) $61,796
75th Percentile $94,000
90th Percentile $144,572

Loan Officer Salary in Other Utah Cities

Salt Lake City, UT
$67,055
Pop. 200,133
Provo, UT
$63,110
Pop. 115,162
West Jordan, UT
$63,110
Pop. 116,961
Orem, UT
$62,453
Pop. 97,499

How to Become a Loan Officer in West Valley City

Education

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

Find Loan Officer Jobs in West Valley City

Browse open loan officer positions in West Valley City, UT:

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Frequently Asked Questions: Loan Officer Salary in West Valley City

How much does a Loan Officer make in West Valley City, UT? ▼
The median loan officer salary in West Valley City, Utah is $61,796 per year, which is 6% below the national median of $65,740. Salaries range from $33,088 (10th percentile) to $144,572 (90th percentile).
How much does a Loan Officer make per hour in West Valley City? ▼
Based on the median annual salary of $61,796, a loan officer in West Valley City earns approximately $30 per hour assuming a standard 2,080-hour work year.
How does West Valley City compare to the Utah state average for loan officer pay? ▼
West Valley City's median loan officer salary of $61,796 is 3.1% below the Utah state average of $63,768. The local cost of living index is 94% of the national average.
What is the cost of living in West Valley City, UT? ▼
West Valley City has a cost of living index of 94% compared to the national average. This means a loan officer salary of $61,796 in West Valley City has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in West Valley City? ▼
Most loan officer positions in West Valley 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.