National » Loan Officers » Pennsylvania

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 among Pennsylvania 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 Pennsylvania

Percentile BracketAverage Annual Salary
10th Percentile Wage
$35,120
25th Percentile Wage
$45,110
50th Percentile Wage
$58,750
75th Percentile Wage
$81,560
90th Percentile Wage
$117,450

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 $117,450. The median (50th percentile) annual salary is $58,750. The average annual salary for the bottom 10 percent is $35,120.

Percentile BracketAverage Hourly Salary
10th Percentile Wage
$16.89
25th Percentile Wage
$21.69
50th Percentile Wage
$28.25
75th Percentile Wage
$39.21
90th Percentile Wage
$56.47

Table 2 shows the average hourly salary for loan officers in Pennsylvania in 5 percentile scales. The average hourly salary for the 90th percentile is $56.47. The median hourly salary is $28.25. The average hourly salary for the bottom 10 percent is $16.89.

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
201658,750-2.31%2.67%
201560,1100.35%-
201459,900-1.12%-
201360,5705.60%-
201257,180--

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 $43,710 to $75,830. The highest paying area for loan officers in Pennsylvania is Newark-Union with a median annual salary of $75,830. The second highest paying city/area in Pennsylvania State is Philadelphia (mean annual salary $73,530). The lowest paying area is Youngstown-Warren-Boardman with a median annual salary of $43,710.

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


Related:

Highest paying cities for loan officers

Highest paying industries for loan officers.