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Loan Officer Salary Information in West Virginia

The average annual and hourly salaries for loan officers in the state of West Virginia are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of loan officers among West Virginia areas 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 West Virginia

Percentile BracketAverage Annual Salary
10th Percentile Wage
$27,920
25th Percentile Wage
$34,730
50th Percentile Wage
$47,570
75th Percentile Wage
$69,700
90th Percentile Wage
$90,160

Table 1 shows the average annual salary for loan officers in West Virginia in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $90,160. The median (50th percentile) annual salary is $47,570. The average annual salary for the bottom 10 percent is $27,920.

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
$47,570
1.26% -4.79%
2016
$46,970
6.00% -
2015
$44,150
6.21% -
2014
$41,410
-7.51% -
2013
$44,520
-11.97% -
2012
$49,850
- -

Table 3. Median Annual Salary of Loan Officers in West Virginia Cities

Table 3 shows the median annual salary of loan officers in some West Virginia cities and metropolitan areas. We note that the median annual salary of loan officers in state of West Virginia ranges from $30,060 to $85,770. The highest paying area for loan officers in West Virginia is Hagerstown-Martinsburg with a median annual salary of $85,770. The second highest paying city/area in West Virginia State is Washington-Arlington-Alexandria (mean annual salary $76,750). The lowest paying area is Parkersburg-Marietta-Vienna with a median annual salary of $30,060.

Cities/Areas Median Annual Salary
Hagerstown-Martinsburg
$85,770
Washington-Arlington-Alexandria
$76,750
Morgantown
$60,270
Winchester
$58,640
Charleston
$50,970
Steubenville-Weirton
$48,390
Southern West Virginia nonmetropolitan area
$45,850
Huntington-Ashland
$43,940
North Central West Virginia nonmetropolitan area
$41,760
Wheeling
$36,490
Cumberland
$35,120
Parkersburg-Marietta-Vienna
$30,060




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