Loan Officer Salary in Salt Lake City, UT
2024 BLS OEWS Data · Finance · COL Index: 101.4
$61,760
Median Salary
$82,920
Mean Salary
$60,907
COL-Adjusted
3,490
Employment
Salary Distribution
Percentile Breakdown
| Percentile | Salary | COL-Adjusted |
|---|---|---|
| 10th Percentile (Entry Level) | $39,610 | $39,063 |
| 25th Percentile | $47,030 | $46,381 |
| 50th Percentile (Median) | $61,760 | $60,907 |
| 75th Percentile | $94,270 | $92,968 |
| 90th Percentile (Top Earners) | $128,370 | $126,598 |
What Drives the Range
The $88,760 spread between the 10th and 90th percentiles for Loan Officer positions in Salt Lake City, UT reflects several factors. Entry-level professionals and those in smaller organizations typically fall in the lower quartiles, while senior specialists, those with in-demand certifications, and employees at large enterprises command salaries in the upper percentiles.
Salt Lake City, UT's cost-of-living index of 101.4 means that a $61,760 median salary here has the same purchasing power as $60,907 in an average-cost U.S. city. The relatively moderate cost of living makes this a competitive market for purchasing power.