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Loan Officer Salary Information in Maine

The average annual and hourly salaries for loan officers in the state of Maine are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of loan officers amongst Maine 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 2017 and published in April 2018 [1].

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

Percentile BracketAverage Annual Salary
10th Percentile Wage
$34,180
25th Percentile Wage
$44,410
50th Percentile Wage
$62,130
75th Percentile Wage
$90,210
90th Percentile Wage
$118,900

Table 1 shows the average annual salary for loan officers in Maine in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $118,900. The median (50th percentile) annual salary is $62,130. The average annual salary for the bottom 10 percent is $34,180.

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
$62,130
10.35% 20.38%
2016
$55,700
1.89% -
2015
$54,650
-1.01% -
2014
$55,200
6.03% -
2013
$51,870
4.63% -
2012
$49,470
- -

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

Table 3 shows the median annual salary of loan officers in some Maine cities and metropolitan areas. We note that the median annual salary of loan officers in state of Maine ranges from $49,590 to $84,900. The highest paying area for loan officers in Maine is Portland-South Portland-Biddeford with a median annual salary of $84,900. The second highest paying city/area in Maine State is Lewiston-Auburn (mean annual salary $63,960). The lowest paying area is Northeast Maine nonmetropolitan area with a median annual salary of $49,590.

Cities/Areas Median Annual Salary
Portland-South Portland-Biddeford
$84,900
Lewiston-Auburn
$63,960
Bangor
$59,020
Southwest Maine nonmetropolitan area
$58,900
Northeast Maine nonmetropolitan area
$49,590




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