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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 among Arizona metropolitan 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 2016 and published in April 2017 [1].

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

Percentile BracketAverage Annual Salary
10th Percentile Wage
$33,590
25th Percentile Wage
$45,350
50th Percentile Wage
$62,240
75th Percentile Wage
$82,430
90th Percentile Wage
$104,480

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 $104,480. The median (50th percentile) annual salary is $62,240. The average annual salary for the bottom 10 percent is $33,590.

Percentile BracketAverage Hourly Salary
10th Percentile Wage
$16.14
25th Percentile Wage
$21.80
50th Percentile Wage
$29.92
75th Percentile Wage
$39.63
90th Percentile Wage
$50.23

Table 2 shows the average hourly salary for loan officers in Arizona in 5 percentile scales. The average hourly salary for the 90th percentile is $50.23. The median hourly salary is $29.92. The average hourly salary for the bottom 10 percent is $16.14.

Salary Trend (2012 to 2016)

The following table and chart show the trend of the median salary of loan officers from 2012 to 2016.

YearMedian SalaryYearly Growth4-Year Growth
201662,240-1.53%12.31%
201563,1905.29%-
201459,8506.10%-
201356,2002.88%-
201254,580--

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 $54,150 to $79,490. The highest paying area for loan officers in Arizona is Lake Havasu City-Kingman with a median annual salary of $79,490. The second highest paying city/area in Arizona State is Prescott (mean annual salary $72,010). The lowest paying area is Tucson with a median annual salary of $54,150.

Cities/Areas Median Annual Salary
Lake Havasu City-Kingman
$79,490
Prescott
$72,010
Yuma
$64,660
Phoenix-Mesa-Glendale
$62,180
Tucson
$54,150



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