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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 information of loan officers in Philadelphia-Camden-Wilmington 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 Philadelphia-Camden-Wilmington, Pennsylvania

Percentile BracketAverage Annual Salary
10th Percentile Wage
$36,660
25th Percentile Wage
$49,150
50th Percentile Wage
$69,590
75th Percentile Wage
$100,570
90th Percentile Wage
$148,280

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 $148,280. The median (50th percentile) annual salary is $69,590. The average annual salary for the bottom 10 percent earners is $36,660.

Percentile BracketAverage Hourly Salary
10th Percentile Wage
$17.63
25th Percentile Wage
$23.63
50th Percentile Wage
$33.46
75th Percentile Wage
$48.35
90th Percentile Wage
$71.29

Table 2 shows the average hourly salary for loan officers in Philadelphia-Camden-Wilmington, Pennsylvania. The average hourly salary for the 90th percentile is $71.29. The median hourly salary is $33.46. The average hourly salary for the bottom 10 percent is $17.63.

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
201669,5904.05%9.76%
201566,7703.25%-
201464,600-3.58%-
201366,9106.14%-
201262,800--

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

From Table 3 we note that the median annual salary of $69,590 in Philadelphia-Camden-Wilmington is in the middle of salary range for loan officers in state of Pennsylvania. In comparison, the annual salary of loan officers in Philadelphia-Camden-Wilmington is 8.2 percent (8.2%) lower than that in the highest paying Newark-Union and 37.2 percent (37.2%) 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 Philadelphia-Camden-Wilmington, Pennsylvania.