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 .
|Percentile Bracket||Average 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.
The table and chart below show the trend of the median salary of loan officers from 2012 to 2017.
|Year||Median Salary||Yearly Growth||5-Year Growth|
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|
|Wenatchee-East Wenatchee|| |
|Central Washington nonmetropolitan area|| |
|Northwestern Washington nonmetropolitan area|| |
|Southwestern Washington nonmetropolitan area|| |
|Eastern Washington nonmetropolitan area|| |
|Mount Vernon-Anacortes|| |