Loan Officers pay range in Mayaguez
New workers and the lowest-paid 10% earn about $26,210 a year or less, while the top 10% make $62,070 or more. The middle half of loan officers in Mayaguez earn between $31,320 and $39,730.
- $26K10th
- $31K25th
- $36KMedian
- $40K75th
- $62K90th
median average · bar = middle 50% of workers · how to read it
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $40,400 | $3,367 | $19.42 |
| Median | $35,890 | $2,991 | $17.25 |
| Entry level (25th percentile) | $31,320 | $2,610 | $15.06 |
| Experienced (75th percentile) | $39,730 | $3,311 | $19.10 |
*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.
Loan Officers pay in Mayaguez vs. Puerto Rico and the U.S.
Loan officers in Mayaguez earn about the same as the Puerto Rico average ($41,490) and 54% less than the U.S. average ($87,790). At the median the gap is -53% against the U.S. median of $76,690.
| Area | Average | Median | 10th pct. | 90th pct. | Jobs |
|---|---|---|---|---|---|
| Mayaguez | $40,400 | $35,890 | $26,210 | $62,070 | 70 |
| Puerto Rico | $41,490 | $35,730 | $27,110 | $64,740 | 2,360 |
| United States | $87,790 | $76,690 | $39,430 | $153,180 | 274,330 |
State and U.S. rows: BLS statewide and national estimates, May 2025, which include rural areas.
Is Mayaguez a good place for loan officers? Pay vs. cost of living
This job pays 1.4 times the median wage of all jobs in Mayaguez ($25,270). A typical home costs $108,900, or 2.7 years of this average salary before tax.
Loan Officers salary in other Puerto Rico cities
Mayaguez ranks 2nd of 5 Puerto Rico metro areas for this job; San Juan pays the most ($42,220).
Highest-paying cities for loan officers
Elmira, NY pays this job the most of the metro areas we cover ($129,370).
- Elmira, NY$129,370
- New York, NY$121,180
- Boston, MA$120,300
- San Francisco, CA$116,480
- Norwich, CT$116,460
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Loan Officers salary in Mayaguez: questions
How much do loan officers make an hour in Mayaguez?
$19.42 an hour on average, and $17.26 at the median (BLS, May 2025).
What is the entry-level loan officers salary in Mayaguez?
The lowest-paid 10% earn about $26,210 a year and the 25th percentile is $31,320, a fair guide to starting pay.
Do loan officers earn more in Mayaguez than elsewhere?
The average here is 54% less than the U.S. average for this job ($87,790).
Sources and how to read this page
- Wages: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates for metropolitan areas. SOC code 13-2072; area Mayaguez, PR (32420). Relative standard error of the mean wage: 3.6%.
- U.S. and statewide figures: BLS OEWS national and state estimates, May 2025, every employer including rural areas.
- Cost of living: Bureau of Economic Analysis regional price parities (RPP), 2024; 100 = U.S. average.
- Home value: Census median home value (Zillow does not cover this metro). Typical-wage figure: OEWS all occupations, same metro.
- Take-home pay: Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax.
- Job concentration: location quotient 0.78, this job is less common than in the U.S. overall (location quotient 0.78).
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