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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 among Maine metropolitan 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 Maine

Percentile BracketAverage Annual Salary
10th Percentile Wage
$34,670
25th Percentile Wage
$43,620
50th Percentile Wage
$55,700
75th Percentile Wage
$83,460
90th Percentile Wage
$103,670

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 $103,670. The median (50th percentile) annual salary is $55,700. The average annual salary for the bottom 10 percent is $34,670.

Percentile BracketAverage Hourly Salary
10th Percentile Wage
$16.67
25th Percentile Wage
$20.97
50th Percentile Wage
$26.78
75th Percentile Wage
$40.13
90th Percentile Wage
$49.84

Table 2 shows the average hourly salary for loan officers in Maine in 5 percentile scales. The average hourly salary for the 90th percentile is $49.84. The median hourly salary is $26.78. The average hourly salary for the bottom 10 percent is $16.67.

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
201655,7001.89%11.18%
201554,650-1.01%-
201455,2006.03%-
201351,8704.63%-
201249,470--

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 $49,220 to $59,600. The highest paying area for loan officers in Maine is Portland-South Portland-Biddeford with a median annual salary of $59,600. The second highest paying city/area in Maine State is Southwest Maine nonmetropolitan area (mean annual salary $58,380). The lowest paying area is Northeast Maine nonmetropolitan area with a median annual salary of $49,220.

Cities/Areas Median Annual Salary
Portland-South Portland-Biddeford
$59,600
Southwest Maine nonmetropolitan area
$58,380
Bangor
$53,850
Lewiston-Auburn
$52,060
Northeast Maine nonmetropolitan area
$49,220


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