The annual salary statistics of loan officers in Flagstaff, Arizona is shown in Table 1. The wage information of loan officers in Flagstaff 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 | $27,340 |
| 25th Percentile Wage | $27,340 |
| 50th Percentile Wage | $38,490 |
| 75th Percentile Wage | $71,430 |
| 90th Percentile Wage | $90,060 |
Table 1 shows the average annual salary for loan officers in Flagstaff, Arizona in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $90,060. The median (50th percentile) annual salary is $38,490. The average annual salary for the bottom 10 percent earners is $27,340.
The table and chart below show the trend of the median salary of loan officers from 2012 to 2022. Note that there is no salary data for some years between 2012 and 2022.
| Year | Median Salary | Growth | 3-Year Growth |
|---|---|---|---|
| 2022 | $38,490 | 20.86% | -21.85% |
| 2021 | $30,460 | -68.38% | - |
| 2020 | $51,290 | 8.56% | - |
| 2019 | $46,900 | - | - |
From Table 3 we note that with a median annual salary of $38,490, Flagstaff is the lowest paying city for loan officers in state of Arizona, following city of Sierra Vista-Douglas (median annual salary of $71,740). In comparison, the median annual salary of loan officers in Flagstaff is 46.3 percent (46.3%) lower than that in the highest paying city Sierra Vista-Douglas.
| Cities/Areas | Median Annual Salary |
|---|---|
| Sierra Vista-Douglas | |
| Phoenix-Mesa-Glendale | |
| Tucson | |
| North Arizona nonmetropolitan area | |
| Yuma | |
| Lake Havasu City-Kingman | |
| Prescott | |
| Flagstaff |