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Loan Officer Salary Information in Philadelphia-Camden-Wilmington, Pennsylvania

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

Percentile BracketAverage Annual Salary
10th Percentile Wage
$36,040
25th Percentile Wage
$49,460
50th Percentile Wage
$67,210
75th Percentile Wage
$97,500
90th Percentile Wage
$139,340

Table 1 shows the average annual salary for loan officers in Philadelphia-Camden-Wilmington, Pennsylvania in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $139,340. The median (50th percentile) annual salary is $67,210. The average annual salary for the bottom 10 percent earners is $36,040.

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
$67,210
-3.54% 6.56%
2016
$69,590
4.05% -
2015
$66,770
3.25% -
2014
$64,600
-3.58% -
2013
$66,910
6.14% -
2012
$62,800
- -

Table 3. Compare Loan Officer Salary in Philadelphia-Camden-Wilmington with Other Pennsylvania Cities

From Table 3 we note that with a median annual salary of $67,210, Philadelphia-Camden-Wilmington is the second highest paying city for loan officers in state of Pennsylvania, following the highest paying city Newark-Union (median annual salary of $74,910). Compared with Newark-Union, the median annual salary of loan officers in Philadelphia-Camden-Wilmington is 10.3 percent (10.3%) lower.

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



See also: Top paying jobs in Philadelphia-Camden-Wilmington, Pennsylvania.