Based on the latest Bureau of Labor Statistics OEWS data — updated August 12, 2026.
| New Mexico | National | Difference | |
|---|---|---|---|
| Median annual salary | $62,610 | $75,854 | -17% |
| Median hourly wage | $30.10 | $36.47 | -17% |
Adjusted for local price levels (100 = national average), the cost-adjusted median is $67,907.
| City | Median | Entry Level | Experienced | Cost of Living |
|---|---|---|---|---|
| City-level data coming soon. | ||||
The median annual salary for a Loan Officer in New Mexico is $62,610, or about $30.10 per hour, according to BLS OEWS data.
The national median for Loan Officers is $75,854. New Mexico is -17% below the national median.
Entry-level loan officers in New Mexico typically earn from varies by experience depending on the city and employer.
With 1,140 loan officer jobs on record and a median salary of $62,610, New Mexico offers competitive pay compared to the rest of the country.