Loan Officer salary in Utah
Loan Officers in Utah earn a median of $59,440 a year ($28.58 an hour), based on BLS data for 3,990 workers.
Pay ranges from $37,790 for the lowest-paid 10% to $128,200 for the top 10%. That is 22% lower than the national median of $76,690. Utah ranks 50th of 51 states for loan officers pay. There are 2.3 loan officers per 1,000 jobs here — the job is 1.3× more common than nationally. The average (mean) salary is $73,370, above the median because a few high earners pull it up.
Pay range for loan officers in Utah
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $37,790 | $18.17 |
| 25th percentile | $46,240 | $22.23 |
| Median | $59,440 | $28.58 |
| 75th percentile | $87,320 | $41.98 |
| 90th percentile (top earners) | $128,200 | $61.64 |
| Average (mean) | $73,370 | $35.28 |
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 | $4,953.33 |
| Semi-monthly (24 a year) | $2,476.67 |
| Biweekly (26 a year) | $2,286.15 |
| Weekly | $1,143.08 |
| Hourly | $28.58 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Loan Officer salary in cities in Utah
| Metro area | Median salary | Workers |
|---|---|---|
| Salt Lake City-Murray, UT | $61,150 | n/a |
| Logan, UT-ID | $59,490 | 90 |
| Provo-Orem-Lehi, UT | $56,570 | 700 |
| St. George, UT | $51,760 | 130 |
| Ogden, UT | $50,410 | 480 |
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 |
Related jobs in Utah
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $79,990 | $38.46 |
| Financial and Investment Analysts | $91,370 | $43.93 |
| Tax Examiners and Collectors, and Revenue Agents | $49,940 | $24.01 |
| Financial Specialists, All Other | $76,530 | $36.79 |
| Personal Financial Advisor | $77,390 | $37.21 |
| Tax Preparer | $66,720 | $32.08 |
| Financial Examiner | $92,000 | $44.23 |
| Property Appraisers and Assessors | $56,100 | $26.97 |
| Credit Analyst | $74,430 | $35.78 |
| Financial Risk Specialist | $77,770 | $37.39 |
| Insurance Underwriter | $72,730 | $34.96 |
| Budget Analyst | $88,610 | $42.60 |
| Credit Counselor | $51,330 | $24.68 |
| Project Management Specialist | $96,720 | $46.50 |
More: Business and Financial Operations Occupations · all salaries in Utah
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 Utah?
The median salary for loan officers in Utah is $59,440 a year, or $28.58 an hour. Pay ranges from $37,790 for the lowest-paid 10% to $128,200 for the top 10%.
How much do the highest-paid loan officers make in Utah?
The top 10% of loan officers in Utah earn at least $128,200 a year. The top 25% earn $87,320 or more.
What is the starting pay for loan officers in Utah?
Entry-level pay (the 10th percentile) is about $37,790 a year, and a quarter of loan officers earn $46,240 or less.
How many loan officers work in Utah?
About 3,990 loan officers are employed in Utah, not counting the self-employed.