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Loan Officers Salary in El Paso, TX

BLS Official DataUpdated 2025-05-31
Median Annual

$58,910

Mean: $64,070

~$45,950 est. take-home

Hourly Rate

$28.32

Based on 2,080 hrs/yr

Cost of Living

100

100 = national avg

Take-Home Pay Calculator

Estimate your real monthly budget in El Paso, TX

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Tax Breakdown

Federal Income Tax-$3,645
State Income Tax-$0
Social Security-$3,652
Medicare-$854
Effective Tax Rate13.8%

Monthly Take-Home

$4,230

Annual Take-Home

$50,758

Monthly Budget in El Paso

Housing / Rent$1,35032%
Food & Groceries$4009%
Transportation$3508%
Utilities$1804%
Healthcare$2506%
Remaining / Savings$1,70040%
Financial Stress Level
ComfortableGood savings potential
To maintain this lifestyle nationally:$58,910(+0% vs. local median)

Salary Distribution

Where the median falls between the 25th and 75th percentile.

25th %

$47,740

Median

$58,910

75th %

$74,220

Median is in the 42th percentile of the typical range

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Loan Officers in other TX cities

Compare the same occupation across cities in TX.

About Loan Officers salaries in El Paso, TX

According to the U.S. Bureau of Labor Statistics, the median annual salary for loan officers in El Paso, TX is $58,910. This is based on the most recent Occupational Employment and Wage Statistics (OEWS) survey data.

Salaries typically range from $47,740 (25th percentile) to $74,220 (75th percentile), reflecting differences in experience, employer size, and specialization.

The estimated hourly rate is $28.32 per hour, based on a standard 2,080-hour work year.

Frequently Asked Questions

What is the average salary for a loan officers in El Paso?

The median salary is $58,910 per year. The mean (average) salary is $64,070.

How much does a loan officers make per hour in El Paso?

The estimated hourly rate is $28.32 per hour.

What is the salary range for loan officers in El Paso?

Salaries typically range from $47,740 (25th percentile) to $74,220 (75th percentile).