Evaluate, authorize, and recommend mortgage loan applications for real estate purchases. Median salary in Phoenix: $76K/year. Data from BLS, O*NET, and H-1B disclosures.
Figures represent annual base salary in Phoenix, Arizona. Reviewed by SalaryOptics Editorial · How we calculate this →
Analysis derived from the salary, COL, tax, and labor-market figures above — specific to this role and city.
Mortgage Loan Officers in Phoenix earn approximately 6% higher than the US national median for this role — a $4,000 premium on annual base salary. This reflects Phoenix's position as a higher-cost labor market where employers must match local wage norms.
Adjusted for Phoenix's cost-of-living index (100), the median Mortgage Loan Officer salary buys the equivalent of $76,000 in a US-average-cost city. That's $4,000 more purchasing power than the national median — a meaningful real-wage advantage.
Average 1-bedroom rent in Phoenix ($1,450/mo) consumes approximately 34% of an after-tax median Mortgage Loan Officer salary. Financial planners typically recommend keeping housing under 30% of take-home — a salary at the 75th percentile ($113K) brings that ratio into a more comfortable range here.
Based on BLS 2022–2032 Employment Projections and WEF Future of Jobs Report 2026. At current growth rates, median salary reaches $76K by 2030.
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The median Mortgage Loan Officer salary in Phoenix, AZ is $76,000 per year as of Q1 2026. This figure represents the midpoint of all reported compensation for this role in the Phoenix–AZ metropolitan area, based on data from the Bureau of Labor Statistics Occupational Employment Statistics, H-1B visa disclosures from the Department of Labor, and O*NET occupational data.
Entry-level Mortgage Loan Officers in Phoenix with 0–2 years of experience typically earn between $50,000 and $76,000 annually. Mid-career professionals with 3–7 years command $76,000 to $113,000, while senior-level practitioners with 8+ years of experience regularly earn $113,000 to $170,000 or more.
Phoenix has a cost of living index of 100 compared to the US national average of 100. Living costs in Phoenix are close to the national average. Arizona has a 2.5% state income tax rate.
Bachelor's; NMLS license required. 38% of these roles offer some remote flexibility.