The salary statistics of loan officers in the industry sector of federal, state, and local government are shown in Table 1. In Table 2 we compare loan officer salaries in different industries within the federal, state, and local government sector.
|Percentile Bracket||Average Annual Salary|
|10th Percentile Wage||$49,760|
|25th Percentile Wage||$59,730|
|50th Percentile Wage||$73,240|
|75th Percentile Wage||$85,510|
|90th Percentile Wage||$93,820|
Table 1 shows the average annual salary for loan officers in the industry sector of federal, state, and local government. The salaries are shown in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) loan officers is $93,820. The median annual salary (50th percentile) is $73,240. The average annual salary for the bottom 10 percent paid loan officers is $49,760.
The table and chart below show the trend of the median salary of loan officers in the industry sector of federal, state, and local government from 2012 to 2017.
|Year||Median Salary||Yearly Growth||5-Year Growth|
The average salaries of loan officers in eight industries in the federal, state, and local government sector are shown below. We note that within this industry sector, the salaries vary among different industries. The highest paying industry for loan officer occupations is the federal executive branch (oes designation) industry with an annual salary $74,850. The lowest paying industry is the local government, including schools and hospitals industry (annual salary $60,070). For detailed loan officer salary information in a particular industry, use the links provided below.
|Industry Name||Median Annual Salary|
|Federal Executive Branch (OES Designation)|| |
|Federal government, including USPS|| |
|Federal, State, and Local Government (OES Designation)|| |
|Public sector -- Federal, state, and local government, including government owned schools and hospit|| |
|State Government, excluding schools and hospitals (OES Designation)|| |
|State government, including schools and hospitals|| |
|Local Government, excluding schools and hospitals (OES Designation)|| |
|Local government, including schools and hospitals|| |
Data source: The national compensation survey conducted by the U.S. Bureau of Labor Statistics (BLS) in 2017 and published in April 2018 .