National » Loan Officers » Philadelphia

Loan Officer Salary Information in Philadelphia, Pennsylvania

The annual and hourly salary statistics of loan officers in Philadelphia, Pennsylvania are shown in Table 1 and Table 2, respectively. The wage information of loan officers in Philadelphia 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, Pennsylvania

Percentile BracketAverage Annual Salary
10th Percentile Wage
$40,270
25th Percentile Wage
$48,140
50th Percentile Wage
$73,530
75th Percentile Wage
$113,510
90th Percentile Wage
$182,770

Table 1 shows the average annual salary for loan officers in Philadelphia, Pennsylvania in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $182,770. The median (50th percentile) annual salary is $73,530. The average annual salary for the bottom 10 percent earners is $40,270.

Percentile BracketAverage Hourly Salary
10th Percentile Wage
$19.36
25th Percentile Wage
$23.15
50th Percentile Wage
$35.35
75th Percentile Wage
$54.57
90th Percentile Wage
$87.87

Table 2 shows the average hourly salary for loan officers in Philadelphia, Pennsylvania. The average hourly salary for the 90th percentile is $87.87. The median hourly salary is $35.35. The average hourly salary for the bottom 10 percent is $19.36.

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
201673,5302.23%13.94%
201571,8906.90%-
201466,9300.60%-
201366,5304.89%-
201263,280--

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

From Table 3 we note that with a median annual salary of $73,530, Philadelphia is the second highest paying city for loan officers in state of Pennsylvania, following the highest paying city Newark-Union (median annual salary of $75,830). Compared with Newark-Union, the median annual salary of loan officers in Philadelphia is 3.0 percent (3.0%) lower.

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, Pennsylvania.