Loan Officers Salary in Farmington, NM
According to the latest U.S. Bureau of Labor Statistics data, the median annual wage for Loan Officers in Farmington, NM is $58,740. BLS estimates approximately 40 people work in this occupation in Farmington, NM. Farmington, NM is 23.4% below the national median ($76,690).
Salary Distribution
Not everyone earns the median. Percentile wages show the range of pay within this occupation.
| Percentile | Annual wage | Hourly wage |
|---|---|---|
| 10th percentile | $36,640 | $17.62 |
| 25th percentile | $43,540 | $20.94 |
| Median (50th) | $58,740 | $28.24 |
| 75th percentile | $77,400 | $37.21 |
| 90th percentile | $100,420 | $48.28 |
Data Reliability
BLS OEWS is a survey, not a full census — every estimate carries a margin of error. The relative standard error (RSE) below is BLS’s own measure of how much an estimate could vary; lower is more precise.
- Wage estimate
- RSE 8% — Reliable
- Employment estimate
- RSE 14.9% — Reliable
Where Does Your Salary Fall?
Enter an annual salary to see roughly where it falls among reported wages for this occupation, based on the percentile points above.
Concentration
- Jobs per 1,000
- 0.753
- Location quotient
- 0.43
Cost-of-Living Adjusted Salary
Farmington, NM’s regional price level is below the national average (index 87.707, where 100 = U.S. average). Adjusted for that, the median salary has the purchasing power of $66,973 at the national price level.
This is a Career Atlas USA calculation based on BLS wage data and BEA Regional Price Parities. It is not a separate BLS wage estimate. Wage data: May 2025. Cost-of-living data: 2024.
Sources
Wage data: BLS Occupational Employment and Wage Statistics (OEWS) — May 2025 (release 25).
Figures shown as “Not available” reflect wages the source does not publish (e.g. suppressed for reliability), not zero.