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Loan Officer Salary Information in Washington

The average annual and hourly salaries for loan officers in the state of Washington are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of loan officers among Washington cities 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 2017 and published in April 2018 [1].

Table 1 & 2. Annual & Hourly Salary of Loan Officers in Washington

Percentile BracketAverage Annual Salary
10th Percentile Wage
$25,350
25th Percentile Wage
$43,360
50th Percentile Wage
$61,740
75th Percentile Wage
$93,360
90th Percentile Wage
$135,110

Table 1 shows the average annual salary for loan officers in Washington in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $135,110. The median (50th percentile) annual salary is $61,740. The average annual salary for the bottom 10 percent is $25,350.

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
$61,740
-2.54% -8.52%
2016
$63,310
4.56% -
2015
$60,420
-2.73% -
2014
$62,070
-7.73% -
2013
$66,870
-0.19% -
2012
$67,000
- -

Table 3. Median Annual Salary of Loan Officers in Washington Cities

Table 3 shows the median annual salary of loan officers in some Washington cities and metropolitan areas. We note that the median annual salary of loan officers in state of Washington ranges from $48,390 to $86,310. The highest paying area for loan officers in Washington is Longview with a median annual salary of $86,310. The second highest paying city/area in Washington State is Portland-Vancouver-Hillsboro (mean annual salary $75,490). The lowest paying area is Mount Vernon-Anacortes with a median annual salary of $48,390.

Cities/Areas Median Annual Salary
Longview
$86,310
Portland-Vancouver-Hillsboro
$75,490
Wenatchee-East Wenatchee
$68,110
Yakima
$68,090
Seattle-Bellevue-Everett
$64,730
Seattle-Tacoma-Bellevue
$62,940
Kennewick-Pasco-Richland
$62,410
Olympia
$62,190
Central Washington nonmetropolitan area
$59,790
Northwestern Washington nonmetropolitan area
$59,300
Southwestern Washington nonmetropolitan area
$58,510
Eastern Washington nonmetropolitan area
$58,060
Tacoma
$56,770
Spokane
$55,290
Bellingham
$53,610
Lewiston
$52,250
Bremerton-Silverdale
$49,100
Mount Vernon-Anacortes
$48,390




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