Loan Officers Salary in Farmington, NM

BLS Occupational Employment & Wage Statistics • May 2025 • Farmington, NM

Median annual salary $72,950 -1.7% vs national
Median hourly $35.07
10th percentile $37,850
90th percentile $157,720
Employed locally 40
National median $74,180

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Loan Officers
in
Farmington, NM
vs

    Salary percentile breakdown

    10th
    $37,850
    25th
    $47,260
    50th (median)
    $72,950
    75th
    $100,950
    90th
    $157,720

    Farmington economic context

    Unemployment rate 4.70% 2024 annual avg • BLS LAUS
    Median household income $53,020 2023 • Census ACS
    Loan Officers salary vs area income 138% Median Loan Officers salary is 38% above the area median household income

    Top-paying metros for Loan Officers

    Metro areaMedian salary
    Elmira, NY $106,430
    New York-Newark-Jersey City, NY-NJ $102,540
    District of Columbia $102,200
    New York $98,940
    Northern Vermont nonmetropolitan area $97,410
    Des Moines-West Des Moines, IA $97,000

    Nearby metros — Loan Officers salary comparison

    Metro areaMedian salary
    Northern Vermont nonmetropolitan area $97,410
    Southwest Iowa nonmetropolitan area $92,560
    Massachusetts nonmetropolitan area $88,110
    Southern Vermont nonmetropolitan area $86,490
    Northeast Nebraska nonmetropolitan area $84,440
    West North Dakota nonmetropolitan area $82,990

    Related occupations in Farmington, NM

    OccupationMedian salary
    Business Operations Specialists, All Other $77,240
    Accountants and Auditors $74,940
    Human Resources Specialists $61,960
    Project Management Specialists $79,330
    Compliance Officers $59,650
    Training and Development Specialists $53,120

    Frequently asked questions

    How much do Loan Officers make per hour in Farmington?

    The median hourly wage for Loan Officers in Farmington, NM is $35.07, based on BLS OEWS 2025 data. Top earners (90th percentile) make $48.28 or more per hour.

    Is Farmington above or below average for Loan Officers salaries?

    The median Loan Officers salary in Farmington, NM is 1.7% below the national median of $74,180. The national figure is from BLS OEWS 2025 data covering all US metropolitan areas.

    What is the entry-level salary for Loan Officers in Farmington?

    Entry-level Loan Officers (10th percentile) earn around $37,850 per year in Farmington, NM. The 25th percentile — typically workers with 1–3 years of experience — earn approximately $47,260.