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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 amongst California 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 California

Percentile BracketAverage Annual Salary
10th Percentile Wage
$32,500
25th Percentile Wage
$48,780
50th Percentile Wage
$69,720
75th Percentile Wage
$104,730
90th Percentile Wage
$153,340

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 $153,340. The median (50th percentile) annual salary is $69,720. The average annual salary for the bottom 10 percent is $32,500.

Percentile BracketAverage Hourly Salary
10th Percentile Wage
$15.62
25th Percentile Wage
$23.45
50th Percentile Wage
$33.52
75th Percentile Wage
$50.35
90th Percentile Wage
$73.72

Table 2 shows the average hourly salary for loan officers in California in 5 percentile scales. The average hourly salary for the 90th percentile is $73.72. The median hourly salary is $33.52. The average hourly salary for the bottom 10 percent is $15.62.

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
201669,720-5.46%-1.76%
201573,530-0.92%-
201474,2103.93%-
201371,2900.48%-
201270,950--

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 $52,120 to $86,430. The highest paying area for loan officers in California is Salinas with a median annual salary of $86,430. The second highest paying city/area in California State is Oakland-Fremont-Hayward (mean annual salary $86,360). The lowest paying area is Oxnard-Thousand Oaks-Ventura with a median annual salary of $52,120.

Cities/Areas Median Annual Salary
Salinas
$86,430
Oakland-Fremont-Hayward
$86,360
El Centro
$82,690
San Francisco-Oakland-Fremont
$80,910
Los Angeles-Long Beach-Santa Ana
$80,360
Santa Barbara-Santa Maria-Goleta
$80,290
Yuba City
$78,340
Santa Ana-Anaheim-Irvine
$77,960
San Diego-Carlsbad-San Marcos
$77,290
Stockton
$76,570
Santa Cruz-Watsonville
$75,320
Chico
$74,650
San Francisco-San Mateo-Redwood City
$73,810
San Jose-Sunnyvale-Santa Clara
$73,440
Sacramento-Arden-Arcade-Roseville
$73,190
Fresno
$73,010
Los Angeles-Long Beach-Glendale
$71,400
Redding
$70,910
San Luis Obispo-Paso Robles
$68,600
Modesto
$68,410
Vallejo-Fairfield
$68,180
Santa Rosa-Petaluma
$66,830
Napa
$63,970
Bakersfield-Delano
$63,900
Visalia-Porterville
$61,840
Northern Mountains Region of California nonmetropolitan area
$61,690
Riverside-San Bernardino-Ontario
$60,960
Merced
$55,560
North Coast Region of California nonmetropolitan area
$54,760
Oxnard-Thousand Oaks-Ventura
$52,120


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