Loan Officer salary in Las Cruces, NM
Loan Officers in the Las Cruces, NM metro area earn a median of $61,110 a year ($29.38 an hour), based on BLS data for 80 workers.
Pay ranges from $35,880 for the lowest-paid 10% to $95,090 for the top 10%. That is 20% lower than the national median of $76,690. Pay here is 2% lower than the New Mexico statewide median of $62,610. There are 1.0 loan officers per 1,000 jobs here — the job is less common than nationally (location quotient 0.57). The average (mean) salary is $70,500, above the median because a few high earners pull it up.
Pay range for loan officers in Las Cruces, NM
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $35,880 | $17.25 |
| 25th percentile | $45,390 | $21.82 |
| Median | $61,110 | $29.38 |
| 75th percentile | $84,890 | $40.81 |
| 90th percentile (top earners) | $95,090 | $45.72 |
| Average (mean) | $70,500 | $33.90 |
Half of loan officers earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $5,092.50 |
| Semi-monthly (24 a year) | $2,546.25 |
| Biweekly (26 a year) | $2,350.38 |
| Weekly | $1,175.19 |
| Hourly | $29.38 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $61,110 salary, see how much house you can afford in New Mexico at today's mortgage rates, or work out a payment with the mortgage calculator.
Loan Officer salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| Albuquerque, NM | $62,250 | 630 |
| Farmington, NM | $58,740 | 40 |
| Santa Fe, NM | $52,960 | 120 |
Highest-paying states for loan officers
| State | Median salary |
|---|---|
| Massachusetts | $101,600 |
| Connecticut | $95,730 |
| New York | $95,710 |
| Minnesota | $95,170 |
| Colorado | $94,520 |
| Oregon | $94,440 |
| New Jersey | $92,920 |
| District of Columbia | $92,890 |
| Vermont | $88,710 |
| Kansas | $86,970 |
See Loan Officer pay in every state or the New Mexico statewide figures.
Related jobs in Las Cruces, NM
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $67,470 | $32.44 |
| Personal Financial Advisor | $72,990 | $35.09 |
| Budget Analyst | $76,360 | $36.71 |
| Credit Counselor | $41,870 | $20.13 |
| Business Operations Specialists, All Other | $76,510 | $36.78 |
| Management Analyst | $73,320 | $35.25 |
| Compliance Officer | $76,380 | $36.72 |
| Human Resources Specialist | $57,150 | $27.48 |
| Project Management Specialist | $82,110 | $39.48 |
| Training and Development Specialists | $55,550 | $26.71 |
| Market Research Analysts and Marketing Specialists | $63,450 | $30.50 |
| Buyers and Purchasing Agents | $73,920 | $35.54 |
| Cost Estimator | $56,010 | $26.93 |
| Logistician | $79,620 | $38.28 |
More: Business and Financial Operations Occupations · all salaries in Las Cruces, NM
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 13-2072. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a loan officer make in Las Cruces, NM?
The median salary for loan officers in the Las Cruces, NM metro area is $61,110 a year, or $29.38 an hour. Pay ranges from $35,880 for the lowest-paid 10% to $95,090 for the top 10%.
How much do the highest-paid loan officers make in Las Cruces, NM?
The top 10% of loan officers in the Las Cruces, NM metro area earn at least $95,090 a year. The top 25% earn $84,890 or more.
What is the starting pay for loan officers in Las Cruces, NM?
Entry-level pay (the 10th percentile) is about $35,880 a year, and a quarter of loan officers earn $45,390 or less.
How many loan officers work in Las Cruces, NM?
About 80 loan officers are employed in the Las Cruces, NM metro area, not counting the self-employed.