The annual salary statistics of loan officers in Sierra Vista-Douglas, Arizona is shown in Table 1. The wage data of loan officers in Sierra Vista-Douglas 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 | $34,990 |
| 25th Percentile Wage | $44,910 |
| 50th Percentile Wage | $71,740 |
| 75th Percentile Wage | $103,940 |
| 90th Percentile Wage | $132,970 |
Table 1 shows the average annual salary for loan officers in Sierra Vista-Douglas, Arizona in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $132,970. The median (50th percentile) annual salary is $71,740. The average annual salary for the bottom 10 percent earners is $34,990.
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 | $71,740 | 2.87% | -12.42% |
| 2021 | $69,680 | 16.17% | - |
| 2020 | $58,410 | 4.14% | - |
| 2019 | $55,990 | 0.75% | - |
| 2018 | $55,570 | -45.13% | - |
| 2017 | $80,650 | 0.00% | - |
| 2012 | $80,650 | - | - |
From Table 3 we note that with a median annual salary of $71,740, Sierra Vista-Douglas is the highest paying city for loan officers in state of Arizona, followed by Phoenix-Mesa-Glendale (median annual salary $60,650). In comparison, the median annual salary of loan officers in Sierra Vista-Douglas is 15.5 percent (15.5%) higher than that in Phoenix-Mesa-Glendale.
| Cities/Areas | Median Annual Salary |
|---|---|
| Sierra Vista-Douglas | |
| Phoenix-Mesa-Glendale | |
| Tucson | |
| North Arizona nonmetropolitan area | |
| Yuma | |
| Lake Havasu City-Kingman | |
| Prescott | |
| Flagstaff |