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Loan Officer Salary Information in Pennsylvania

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

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

Percentile BracketAverage Annual Salary
10th Percentile Wage
$35,200
25th Percentile Wage
$44,360
50th Percentile Wage
$57,360
75th Percentile Wage
$77,870
90th Percentile Wage
$112,010

Table 1 shows the average annual salary for loan officers in Pennsylvania in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $112,010. The median (50th percentile) annual salary is $57,360. The average annual salary for the bottom 10 percent is $35,200.

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
$57,360
-2.42% 0.31%
2016
$58,750
-2.31% -
2015
$60,110
0.35% -
2014
$59,900
-1.12% -
2013
$60,570
5.60% -
2012
$57,180
- -

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

Table 3 shows the median annual salary of loan officers in some Pennsylvania cities and metropolitan areas. We note that the median annual salary of loan officers in state of Pennsylvania ranges from $43,140 to $74,910. The highest paying area for loan officers in Pennsylvania is Newark-Union with a median annual salary of $74,910. The second highest paying city/area in Pennsylvania State is Philadelphia-Camden-Wilmington (mean annual salary $67,210). The lowest paying area is Youngstown-Warren-Boardman with a median annual salary of $43,140.

Cities/Areas Median Annual Salary
Newark-Union
$74,910
Philadelphia-Camden-Wilmington
$67,210
State College
$64,640
Reading
$62,250
Philadelphia
$62,250
Allentown-Bethlehem-Easton
$61,010
West Central Pennsylvania nonmetropolitan area
$59,460
Lancaster
$56,690
Pittsburgh
$56,630
East Central Pennsylvania nonmetropolitan area
$56,520
Williamsport
$55,050
Erie
$53,670
York-Hanover
$49,740
Johnstown
$48,990
Altoona
$48,430
Far Western Pennsylvania nonmetropolitan area
$48,100
Scranton--Wilkes-Barre
$47,780
Lebanon
$46,420
Northeastern Pennsylvania nonmetropolitan area
$45,730
Harrisburg-Carlisle
$45,070
Youngstown-Warren-Boardman
$43,140




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