Loan Officer salary in Salt Lake City-Murray, UT
Loan Officers in the Salt Lake City-Murray, UT metro area earn a median of $61,150 a year ($29.40 an hour), based on BLS data for this job.
Pay ranges from $39,910 for the lowest-paid 10% to $128,750 for the top 10%. That is 20% lower than the national median of $76,690. Pay here is 3% higher than the Utah statewide median of $59,440. The average (mean) salary is $75,960, above the median because a few high earners pull it up.
Pay range for loan officers in Salt Lake City-Murray, UT
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $39,910 | $19.19 |
| 25th percentile | $48,270 | $23.21 |
| Median | $61,150 | $29.40 |
| 75th percentile | $95,550 | $45.94 |
| 90th percentile (top earners) | $128,750 | $61.90 |
| Average (mean) | $75,960 | $36.52 |
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 | $5,095.83 |
| Semi-monthly (24 a year) | $2,547.92 |
| Biweekly (26 a year) | $2,351.92 |
| Weekly | $1,175.96 |
| Hourly | $29.40 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $61,150 salary, see how much house you can afford in Utah 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 |
|---|---|---|
| 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 |
See Loan Officer pay in every state or the Utah statewide figures.
Related jobs in Salt Lake City-Murray, UT
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $82,100 | $39.47 |
| Financial and Investment Analysts | $91,100 | $43.80 |
| Personal Financial Advisor | $77,990 | $37.50 |
| Financial Specialists, All Other | $75,130 | $36.12 |
| Financial Examiner | $95,640 | $45.98 |
| Tax Preparer | $66,920 | $32.17 |
| Credit Analyst | $76,420 | $36.74 |
| Financial Risk Specialist | $81,240 | $39.06 |
| Insurance Underwriter | $72,730 | $34.97 |
| Property Appraisers and Assessors | $58,070 | $27.92 |
| Tax Examiners and Collectors, and Revenue Agents | $77,500 | $37.26 |
| Budget Analyst | $88,880 | $42.73 |
| Credit Counselor | $62,080 | $29.85 |
| Project Management Specialist | $98,000 | $47.12 |
More: Business and Financial Operations Occupations · all salaries in Salt Lake City-Murray, UT
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 Salt Lake City-Murray, UT?
The median salary for loan officers in the Salt Lake City-Murray, UT metro area is $61,150 a year, or $29.40 an hour. Pay ranges from $39,910 for the lowest-paid 10% to $128,750 for the top 10%.
How much do the highest-paid loan officers make in Salt Lake City-Murray, UT?
The top 10% of loan officers in the Salt Lake City-Murray, UT metro area earn at least $128,750 a year. The top 25% earn $95,550 or more.
What is the starting pay for loan officers in Salt Lake City-Murray, UT?
Entry-level pay (the 10th percentile) is about $39,910 a year, and a quarter of loan officers earn $48,270 or less.