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Loan Officer Salary Information in Lancaster, Pennsylvania

The annual and hourly salary statistics of loan officers in Lancaster, Pennsylvania are shown in Table 1 and Table 2, respectively. The wage information of loan officers in Lancaster is 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 & Table 2. Annual & Hourly Salaries of Loan Officers in Lancaster, Pennsylvania

Percentile BracketAverage Annual Salary
10th Percentile Wage
$37,980
25th Percentile Wage
$47,060
50th Percentile Wage
$61,800
75th Percentile Wage
$93,110
90th Percentile Wage
$144,420

Table 1 shows the average annual salary for loan officers in Lancaster, Pennsylvania in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $144,420. The median (50th percentile) annual salary is $61,800. The average annual salary for the bottom 10 percent earners is $37,980.

Percentile BracketAverage Hourly Salary
10th Percentile Wage
$18.26
25th Percentile Wage
$22.62
50th Percentile Wage
$29.71
75th Percentile Wage
$44.76
90th Percentile Wage
$69.43

Table 2 shows the average hourly salary for loan officers in Lancaster, Pennsylvania. The average hourly salary for the 90th percentile is $69.43. The median hourly salary is $29.71. The average hourly salary for the bottom 10 percent is $18.26.

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
201661,800-13.01%17.54%
201569,840-13.06%-
201478,96026.68%-
201357,89011.97%-
201250,960--

Table 3. Compare Loan Officer Salary in Lancaster with Other Pennsylvania Cities

From Table 3 we note that the median annual salary of $61,800 in Lancaster is in the middle of salary range for loan officers in state of Pennsylvania. In comparison, the annual salary of loan officers in Lancaster is 18.5 percent (18.5%) lower than that in the highest paying Newark-Union and 29.3 percent (29.3%) higher than that in the lowest paying Youngstown-Warren-Boardman.

Cities/Areas Median Annual Salary
Newark-Union
$75,830
Philadelphia
$73,530
Philadelphia-Camden-Wilmington
$69,590
State College
$66,850
Reading
$62,860
Lancaster
$61,800
West Central Pennsylvania nonmetropolitan area
$60,890
York-Hanover
$60,510
Allentown-Bethlehem-Easton
$59,850
East Central Pennsylvania nonmetropolitan area
$56,520
Pittsburgh
$56,450
Williamsport
$55,800
Far Western Pennsylvania nonmetropolitan area
$55,110
Altoona
$53,280
Scranton--Wilkes-Barre
$50,150
Northeastern Pennsylvania nonmetropolitan area
$50,110
Johnstown
$50,020
Erie
$47,430
Lebanon
$47,380
Harrisburg-Carlisle
$46,460
Youngstown-Warren-Boardman
$43,710

See also: Top paying jobs in Lancaster, Pennsylvania.