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Loan Officer Salary Information in West Central Pennsylvania nonmetropolitan area, Pennsylvania

The annual and hourly salary statistics of loan officers in West Central Pennsylvania nonmetropolitan area, Pennsylvania are shown in Table 1 and Table 2, respectively. The wage statistics of loan officers in West Central Pennsylvania nonmetropolitan area 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 West Central Pennsylvania nonmetropolitan area, Pennsylvania

Percentile BracketAverage Annual Salary
10th Percentile Wage
$33,890
25th Percentile Wage
$51,500
50th Percentile Wage
$59,460
75th Percentile Wage
$69,580
90th Percentile Wage
$92,520

Table 1 shows the average annual salary for loan officers in West Central Pennsylvania nonmetropolitan area, Pennsylvania in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $92,520. The median (50th percentile) annual salary is $59,460. The average annual salary for the bottom 10 percent earners is $33,890.

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
$59,460
-2.40% 1.61%
2016
$60,890
3.70% -
2015
$58,640
19.83% -
2014
$47,010
-12.78% -
2013
$53,020
-10.34% -
2012
$58,500
- -

Table 3. Compare Loan Officer Salary in West Central Pennsylvania nonmetropolitan area with Other Pennsylvania Cities

From Table 3 we note that the median annual salary of $59,460 in West Central Pennsylvania nonmetropolitan area is in the middle of salary range for loan officers in state of Pennsylvania. In comparison, the annual salary of loan officers in West Central Pennsylvania nonmetropolitan area is 20.6 percent (20.6%) lower than that in the highest paying Newark-Union and 27.4 percent (27.4%) higher than that in the lowest paying Youngstown-Warren-Boardman.

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 West Central Pennsylvania nonmetropolitan area, Pennsylvania.