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Loan Officer Salary Information in California

The average annual and hourly salaries for loan officers in the state of California are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of loan officers among California cities 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 California

Percentile BracketAverage Annual Salary
10th Percentile Wage
$28,720
25th Percentile Wage
$45,110
50th Percentile Wage
$66,190
75th Percentile Wage
$102,950
90th Percentile Wage
$156,310

Table 1 shows the average annual salary for loan officers in California in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $156,310. The median (50th percentile) annual salary is $66,190. The average annual salary for the bottom 10 percent is $28,720.

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
$66,190
-5.33% -7.19%
2016
$69,720
-5.46% -
2015
$73,530
-0.92% -
2014
$74,210
3.93% -
2013
$71,290
0.48% -
2012
$70,950
- -

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

Table 3 shows the median annual salary of loan officers in some California cities and metropolitan areas. We note that the median annual salary of loan officers in state of California ranges from $50,290 to $107,420. The highest paying area for loan officers in California is Yuba City with a median annual salary of $107,420. The second highest paying city/area in California State is Salinas (mean annual salary $86,670). The lowest paying area is Oxnard-Thousand Oaks-Ventura with a median annual salary of $50,290.

Cities/Areas Median Annual Salary
Yuba City
$107,420
Salinas
$86,670
San Jose-Sunnyvale-Santa Clara
$86,470
El Centro
$81,670
Los Angeles-Long Beach-Santa Ana
$80,360
Santa Barbara-Santa Maria-Goleta
$80,290
Oakland-Fremont-Hayward
$79,480
Santa Ana-Anaheim-Irvine
$77,960
Napa
$74,320
San Diego-Carlsbad-San Marcos
$72,170
San Francisco-Oakland-Fremont
$72,090
Redding
$71,280
Stockton
$70,920
Chico
$69,710
North Valley Region of California nonmetropolitan area
$69,530
Modesto
$68,350
Vallejo-Fairfield
$68,320
Northern Mountains Region of California nonmetropolitan area
$68,240
Visalia-Porterville
$67,120
Santa Cruz-Watsonville
$67,060
Sacramento-Arden-Arcade-Roseville
$66,950
San Luis Obispo-Paso Robles
$66,790
Los Angeles-Long Beach-Glendale
$64,820
San Francisco-San Mateo-Redwood City
$64,740
Riverside-San Bernardino-Ontario
$63,670
Santa Rosa-Petaluma
$63,470
Fresno
$63,180
Bakersfield-Delano
$61,030
Merced
$56,220
North Coast Region of California nonmetropolitan area
$54,940
Oxnard-Thousand Oaks-Ventura
$50,290




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