The annual salary statistics of loan officers in Auburn-Opelika, Alabama is shown in Table 1. The wage information of loan officers in Auburn-Opelika is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2022 and published in April 2023 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $36,740 |
| 25th Percentile Wage | $38,650 |
| 50th Percentile Wage | $62,670 |
| 75th Percentile Wage | $121,220 |
| 90th Percentile Wage | $156,000 |
Table 1 shows the average annual salary for loan officers in Auburn-Opelika, Alabama in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $156,000. The median (50th percentile) annual salary is $62,670. The average annual salary for the bottom 10 percent earners is $36,740.
The table and chart below show the trend of the median salary of loan officers from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $62,670 | 21.25% | -29.54% |
| 2021 | $49,350 | -2.70% | - |
| 2020 | $50,680 | -21.41% | - |
| 2019 | $61,530 | -4.44% | - |
| 2018 | $64,260 | -20.49% | - |
| 2017 | $77,430 | 5.14% | - |
| 2016 | $73,450 | -50.16% | - |
| 2015 | $110,290 | 4.75% | - |
| 2014 | $105,050 | 35.64% | - |
| 2013 | $67,610 | -20.07% | - |
| 2012 | $81,180 | - | - |
From Table 3 we note that with a median annual salary of $62,670, Auburn-Opelika is the second highest paying city for loan officers in state of Alabama, following the highest paying city Southwest Alabama nonmetropolitan area (median annual salary of $72,820). Compared with Southwest Alabama nonmetropolitan area, the median annual salary of loan officers in Auburn-Opelika is 13.9 percent (13.9%) lower.