Loan Officers Salary in Santa Fe, NM
Loan Officers in Santa Fe, NM make a median of $70,070 a year, or about $33.69 an hour. The range runs from $34K at the entry level to $136K for experienced workers. Adjusted for local prices (RPP 98.77), that's roughly $70,943 in purchasing power. A 2-bedroom apartment runs $1,685/month — about 36.6% of take-home, which is tight.
So what does $70K get you in Santa Fe?
Groceries, utilities, transportation, and healthcare scaled from national averages by Santa Fe’s Regional Price Parity (98.77). Rent from HUD Fair Market Rents. Taxes estimated for single filer, standard deduction. * Healthcare is the employee-paid share only (premiums + out-of-pocket). Actual costs vary by coverage type: employer-sponsored, ACA marketplace, or uninsured.
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Compensation breakdown
Annual earnings by percentile, Santa Fe, NM
Entry-level loan officers (10th percentile) start around $34K. Mid-career wages sit at $70K. Top earners bring in $136K or more, a $101K spread from bottom to top.
Loan Officers pay across states
Median income ranked highest to lowest, compared to the national figure
| State | Median salary | vs. national | Employment |
|---|---|---|---|
| District of Columbia | $102K | +38% | 420 |
| New York | $99K | +33% | 11,850 |
| New Jersey | $95K | +28% | 5,690 |
| Massachusetts | $93K | +26% | 4,310 |
| Vermont | $86K | +17% | 440 |
| Minnesota | $84K | +14% | 6,950 |
| North Dakota | $83K | +12% | 1,370 |
| Kansas | $83K | +11% | 3,950 |
| Delaware | $81K | +9% | 1,480 |
| Iowa | $80K | +8% | 3,350 |
| Virginia | $80K | +7% | 9,170 |
| California | $80K | +7% | 27,420 |
| Wisconsin | $79K | +7% | 5,020 |
| New Hampshire | $79K | +6% | 1,190 |
| South Dakota | $79K | +6% | 1,930 |
| Maine | $78K | +5% | 1,170 |
| Connecticut | $78K | +5% | 2,680 |
| Rhode Island | $77K | +4% | 1,560 |
| Washington | $77K | +4% | 6,480 |
| Wyoming | $76K | +3% | 750 |
| Illinois | $76K | +2% | 10,330 |
| North Carolina | $76K | +2% | 11,890 |
| Nebraska | $76K | +2% | 2,730 |
| Oregon | $75K | +1% | 3,810 |
| Maryland | $73K | -1% | 3,990 |
| Missouri | $73K | -2% | 7,000 |
| New Mexico | $73K | -2% | 970 |
| Michigan | $73K | -2% | 10,910 |
| Georgia | $72K | -3% | 9,480 |
| Indiana | $71K | -4% | 4,740 |
| Florida | $71K | -4% | 19,750 |
| Hawaii | $70K | -5% | 960 |
| Arkansas | $70K | -6% | 2,810 |
| Ohio | $69K | -7% | 10,340 |
| Kentucky | $69K | -8% | 3,990 |
| Montana | $66K | -11% | 1,390 |
| Oklahoma | $66K | -11% | 4,530 |
| Alaska | $65K | -12% | 510 |
| Idaho | $64K | -13% | 2,290 |
| Texas | $64K | -14% | 24,070 |
| Tennessee | $63K | -15% | 7,610 |
| South Carolina | $62K | -17% | 4,280 |
| Pennsylvania | $61K | -17% | 8,820 |
| Utah | $61K | -18% | 5,590 |
| Alabama | $61K | -18% | 5,680 |
| Mississippi | $60K | -19% | 2,770 |
| Nevada | $58K | -21% | 2,960 |
| Louisiana | $57K | -23% | 3,010 |
| Arizona | $54K | -28% | 11,420 |
| West Virginia | $50K | -33% | 1,300 |
Showing 1–10 of 50 states
BLS does not publish data for every state when sample sizes are too small
Track loan officers salary changes
BLS updates this data quarterly. We'll email you when Santa Fe numbers change.
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Frequently asked questions
How much do loan officers make in Santa Fe, NM?
The median is $70,070 a year, that works out to about $34 an hour. But the range is wide: entry-level workers start around $34,470, and experienced loan officers can clear $135,930. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $70K enough to live in Santa Fe?
On that salary, you'd take home roughly $4,604/month after taxes. A 2-bedroom here rents for about $1,685/month, which eats 36.6% of your paycheck. That's above the 30% rule of thumb, housing will be a stretch at the median salary, though you can manage with roommates or a smaller place.
How far does a loan officers salary go in Santa Fe?
Santa Fe has a Regional Price Parity of 98.77 (100 is the national average). That's below average, your money stretches further here than the raw salary number suggests. After cost-of-living adjustment, the median loan officers salary is worth about $70,943 in national-average purchasing power.
Where do loan officers get paid the most?
The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.