Loan Officers pay range in El Paso
New workers and the lowest-paid 10% earn about $33,850 a year or less, while the top 10% make $101,430 or more. The middle half of loan officers in El Paso earn between $47,740 and $74,220.
- $34K10th
- $48K25th
- $59KMedian
- $74K75th
- $101K90th
median average · bar = middle 50% of workers
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $64,070 | $5,339 | $30.80 |
| Median | $58,910 | $4,909 | $28.32 |
| Entry level (25th percentile) | $47,740 | $3,978 | $22.95 |
| Experienced (75th percentile) | $74,220 | $6,185 | $35.68 |
*Hourly figures assume 2,080 paid hours a year.
Loan Officers salary after taxes in El Paso
On the average salary of $64,070, a single filer in El Paso takes home about $53,660 a year, or $4,472 a month and $2,064 every two weeks. Taxes take 16% of gross pay.
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and no state income tax.
Is El Paso a good place for loan officers? Pay vs. cost of living
Prices in the El Paso area are 10% below the U.S. average (BEA price parity 89.9), so the average $64,070 buys what about $71,259 would buy in a typical U.S. metro. This job pays 1.5 times the median wage of all jobs in El Paso ($39,510). A typical home costs $232,910, or 3.6 years of this average salary before tax.
Loan Officers salary in other Texas cities
El Paso ranks 24th of 24 Texas metro areas for this job; Victoria pays the most ($92,270).
- Victoria$92,270
- College Station$92,150
- Sherman$89,410
- Midland$87,100
- Houston$84,830
- Waco$83,600
- Brownsville$82,070
- Lubbock$81,930
- Dallas$80,100
- El Paso$64,070
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 El Paso: questions
How much do loan officers make an hour in El Paso?
$30.80 an hour on average, and $28.32 at the median (BLS, May 2025).
What is the entry-level loan officers salary in El Paso?
The lowest-paid 10% earn about $33,850 a year and the 25th percentile is $47,740, a fair guide to starting pay.
What is the loan officers take-home pay in El Paso?
About $53,660 a year ($4,472 a month) for a single filer on the average salary of $64,070. Texas has no state income tax.
Do loan officers earn more in El Paso than elsewhere?
The average here is 28% less than the U.S. metro average for this job ($88,726).
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 El Paso, TX (21340). Relative standard error of the mean wage: 3.7%.
- Cost of living: Bureau of Economic Analysis regional price parities (RPP), 2024; 100 = U.S. average.
- Home value: Zillow Home Value Index. Typical-wage figure: OEWS all occupations, same metro.
- Take-home pay: Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and no state income tax.
- Job concentration: location quotient 0.62, this job is less common than in the U.S. overall (location quotient 0.62).
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