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Loan Officer Salary Information in Florida

The average annual and hourly salaries for loan officers in the state of Florida are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of loan officers among Florida 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 2016 and published in April 2017 [1].

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

Percentile BracketAverage Annual Salary
10th Percentile Wage
$40,300
25th Percentile Wage
$51,780
50th Percentile Wage
$70,530
75th Percentile Wage
$98,680
90th Percentile Wage
$142,130

Table 1 shows the average annual salary for loan officers in Florida in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $142,130. The median (50th percentile) annual salary is $70,530. The average annual salary for the bottom 10 percent is $40,300.

Percentile BracketAverage Hourly Salary
10th Percentile Wage
$19.38
25th Percentile Wage
$24.90
50th Percentile Wage
$33.90
75th Percentile Wage
$47.44
90th Percentile Wage
$68.33

Table 2 shows the average hourly salary for loan officers in Florida in 5 percentile scales. The average hourly salary for the 90th percentile is $68.33. The median hourly salary is $33.90. The average hourly salary for the bottom 10 percent is $19.38.

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
201670,5300.57%14.15%
201570,1301.51%-
201469,0703.69%-
201366,5208.97%-
201260,550--

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

Table 3 shows the median annual salary of loan officers in some Florida cities and metropolitan areas. We note that the median annual salary of loan officers in state of Florida ranges from $45,380 to $107,740. The highest paying area for loan officers in Florida is Sebastian-Vero Beach with a median annual salary of $107,740. The second highest paying city/area in Florida State is West Palm Beach-Boca Raton-Boynton Beach (mean annual salary $94,060). The lowest paying area is Northwest Florida nonmetropolitan area with a median annual salary of $45,380.

Cities/Areas Median Annual Salary
Sebastian-Vero Beach
$107,740
West Palm Beach-Boca Raton-Boynton Beach
$94,060
Punta Gorda
$83,070
Lakeland-Winter Haven
$79,840
Miami-Fort Lauderdale-Pompano Beach
$75,960
Naples-Marco Island
$74,840
Tampa-St Petersburg-Clearwater
$74,680
Miami-Miami Beach-Kendall
$73,690
Ocala
$73,150
South Florida nonmetropolitan area
$73,100
Fort Lauderdale-Pompano Beach-Deerfield Beach
$70,130
Palm Bay-Melbourne-Titusville
$69,420
Northeast Florida nonmetropolitan area
$68,880
Jacksonville
$68,520
Cape Coral-Fort Myers
$68,470
North Port-Bradenton-Sarasota
$67,730
Deltona-Daytona Beach-Ormond Beach
$66,550
Orlando-Kissimmee-Sanford
$64,520
Gainesville
$62,980
Pensacola-Ferry Pass-Brent
$60,320
Tallahassee
$59,010
Crestview-Fort Walton Beach-Destin
$58,440
Panama City-Lynn Haven-Panama City Beach
$56,730
Port St Lucie
$55,620
Northwest Florida nonmetropolitan area
$45,380


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