Business & Finance Cheyenne, WY Pop. 65,132

Loan Officer Salary in Cheyenne, Wyoming

The median loan officer salary in Cheyenne, WY is $61,796 per year, which is 6% below the national median and 2.2% above the Wyoming state average.

City Median
$61,796
vs State Avg
+$1,315
vs National
$-3,944
Cost of Living
94%

Loan Officer Salary in Cheyenne by Experience

In Cheyenne, 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 Cheyenne, WY

Percentile Cheyenne
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 Wyoming Cities

Gillette, WY
$63,110
Pop. 33,403
Laramie, WY
$60,481
Pop. 32,711
Rock Springs, WY
$60,481
Pop. 23,036
Casper, WY
$59,166
Pop. 58,610

How to Become a Loan Officer in Cheyenne

Education

Most loan officer positions require a bachelor's degree. Cheyenne and the surrounding Wyoming 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 Cheyenne may vary based on local industry and population growth.

Find Loan Officer Jobs in Cheyenne

Browse open loan officer positions in Cheyenne, WY:

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Frequently Asked Questions: Loan Officer Salary in Cheyenne

How much does a Loan Officer make in Cheyenne, WY? ▼
The median loan officer salary in Cheyenne, Wyoming 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 Cheyenne? ▼
Based on the median annual salary of $61,796, a loan officer in Cheyenne earns approximately $30 per hour assuming a standard 2,080-hour work year.
How does Cheyenne compare to the Wyoming state average for loan officer pay? ▼
Cheyenne's median loan officer salary of $61,796 is 2.2% above the Wyoming state average of $60,481. The local cost of living index is 94% of the national average.
What is the cost of living in Cheyenne, WY? ▼
Cheyenne has a cost of living index of 94% compared to the national average. This means a loan officer salary of $61,796 in Cheyenne has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Cheyenne? ▼
Most loan officer positions in Cheyenne 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.