The annual salary statistics of loan officers in Little Rock-North Little Rock-Conway, Arkansas is shown in Table 1. The wage statistics of loan officers in Little Rock-North Little Rock-Conway 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 | $43,890 |
| 25th Percentile Wage | $43,890 |
| 50th Percentile Wage | $57,390 |
| 75th Percentile Wage | $83,240 |
| 90th Percentile Wage | $109,760 |
Table 1 shows the average annual salary for loan officers in Little Rock-North Little Rock-Conway, Arkansas in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $109,760. The median (50th percentile) annual salary is $57,390. The average annual salary for the bottom 10 percent earners is $43,890.
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 | $57,390 | -33.47% | -18.89% |
| 2021 | $76,600 | 23.66% | - |
| 2020 | $58,480 | -13.80% | - |
| 2019 | $66,550 | -10.46% | - |
| 2018 | $73,510 | 3.55% | - |
| 2017 | $70,900 | 21.71% | - |
| 2016 | $55,510 | 2.63% | - |
| 2015 | $54,050 | -9.77% | - |
| 2014 | $59,330 | -9.94% | - |
| 2013 | $65,230 | -4.60% | - |
| 2012 | $68,230 | - | - |
From Table 3 we note that with a median annual salary of $57,390, Little Rock-North Little Rock-Conway is the lowest paying city for loan officers in state of Arkansas, following city of Central Arkansas nonmetropolitan area (median annual salary of $78,420). Also we note that in comparison, the annual salary of loan officers in Little Rock-North Little Rock-Conway is about 26.8 percent (26.8%) lower than that of the highest paying city Central Arkansas nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| Central Arkansas nonmetropolitan area | |
| East Arkansas nonmetropolitan area | |
| Jonesboro | |
| Hot Springs | |
| West Arkansas nonmetropolitan area | |
| Pine Bluff | |
| South Arkansas nonmetropolitan area | |
| Little Rock-North Little Rock-Conway |