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Loan Officer Salary Information in Arizona

The average annual and hourly salaries for loan officers in the state of Arizona are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of loan officers amongst Arizona areas is shown in Table 3. The salary statistics are based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2017 and published in April 2018 [1].

Table 1 & 2. Annual & Hourly Salary of Loan Officers in Arizona

Percentile BracketAverage Annual Salary
10th Percentile Wage
$34,330
25th Percentile Wage
$46,450
50th Percentile Wage
$63,840
75th Percentile Wage
$90,030
90th Percentile Wage
$116,190

Table 1 shows the average annual salary for loan officers in Arizona in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $116,190. The median (50th percentile) annual salary is $63,840. The average annual salary for the bottom 10 percent is $34,330.

Salary Trend (2012 to 2017)

The table and chart below show the trend of the median salary of loan officers from 2012 to 2017.

YearMedian SalaryYearly Growth5-Year Growth
2017
$63,840
2.51% 14.51%
2016
$62,240
-1.53% -
2015
$63,190
5.29% -
2014
$59,850
6.10% -
2013
$56,200
2.88% -
2012
$54,580
- -

Table 3. Median Annual Salary of Loan Officers in Arizona Cities

Table 3 shows the median annual salary of loan officers in some Arizona cities and metropolitan areas. We note that the median annual salary of loan officers in state of Arizona ranges from $50,890 to $77,930. The highest paying area for loan officers in Arizona is North Arizona nonmetropolitan area with a median annual salary of $77,930. The second highest paying city/area in Arizona State is Yuma (mean annual salary $67,020). The lowest paying area is Prescott with a median annual salary of $50,890.

Cities/Areas Median Annual Salary
North Arizona nonmetropolitan area
$77,930
Yuma
$67,020
Phoenix-Mesa-Glendale
$63,800
Tucson
$58,320
Lake Havasu City-Kingman
$56,160
Prescott
$50,890




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