Loan Officer salary in Mayaguez, PR
Loan Officers in the Mayaguez, PR metro area earn a median of $35,890 a year ($17.26 an hour), based on BLS data for 70 workers.
Pay ranges from $26,210 for the lowest-paid 10% to $62,070 for the top 10%. That is 53% lower than the national median of $76,690. Pay here is about the same as the Puerto Rico statewide median of $35,730. There are 1.4 loan officers per 1,000 jobs here — the job is less common than nationally (location quotient 0.78). The average (mean) salary is $40,400, above the median because a few high earners pull it up.
Pay range for loan officers in Mayaguez, PR
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $26,210 | $12.60 |
| 25th percentile | $31,320 | $15.06 |
| Median | $35,890 | $17.26 |
| 75th percentile | $39,730 | $19.10 |
| 90th percentile (top earners) | $62,070 | $29.84 |
| Average (mean) | $40,400 | $19.42 |
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 | $2,990.83 |
| Semi-monthly (24 a year) | $1,495.42 |
| Biweekly (26 a year) | $1,380.38 |
| Weekly | $690.19 |
| Hourly | $17.26 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Loan Officer salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| San Juan-Bayamon-Caguas, PR | $35,850 | 1,990 |
| Arecibo, PR | $34,900 | 70 |
| Aguadilla, PR | $32,930 | 70 |
| Ponce, PR | $32,070 | 90 |
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 Puerto Rico statewide figures.
Related jobs in Mayaguez, PR
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $38,490 | $18.51 |
| Financial and Investment Analysts | $49,100 | $23.60 |
| Financial Examiner | $50,660 | $24.36 |
| Business Operations Specialists, All Other | $44,700 | $21.49 |
| Human Resources Specialist | $35,000 | $16.83 |
| Buyers and Purchasing Agents | $39,410 | $18.95 |
| Compliance Officer | $52,790 | $25.38 |
| Claims Adjusters, Examiners, and Investigators | $35,220 | $16.93 |
| Market Research Analysts and Marketing Specialists | $30,000 | $14.42 |
| Management Analyst | $59,540 | $28.63 |
| Project Management Specialist | $56,750 | $27.28 |
| Training and Development Specialists | $34,450 | $16.56 |
| Meeting, Convention, and Event Planners | $25,830 | $12.42 |
More: Business and Financial Operations Occupations · all salaries in Mayaguez, PR
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 Mayaguez, PR?
The median salary for loan officers in the Mayaguez, PR metro area is $35,890 a year, or $17.26 an hour. Pay ranges from $26,210 for the lowest-paid 10% to $62,070 for the top 10%.
How much do the highest-paid loan officers make in Mayaguez, PR?
The top 10% of loan officers in the Mayaguez, PR metro area earn at least $62,070 a year. The top 25% earn $39,730 or more.
What is the starting pay for loan officers in Mayaguez, PR?
Entry-level pay (the 10th percentile) is about $26,210 a year, and a quarter of loan officers earn $31,320 or less.
How many loan officers work in Mayaguez, PR?
About 70 loan officers are employed in the Mayaguez, PR metro area, not counting the self-employed.