The annual salary statistics of loan officers in Bakersfield-Delano, California is shown in Table 1. The wage statistics of loan officers in Bakersfield-Delano 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 | $33,290 |
| 25th Percentile Wage | $47,510 |
| 50th Percentile Wage | $62,920 |
| 75th Percentile Wage | $102,030 |
| 90th Percentile Wage | $163,670 |
Table 1 shows the average annual salary for loan officers in Bakersfield-Delano, California in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $163,670. The median (50th percentile) annual salary is $62,920. The average annual salary for the bottom 10 percent earners is $33,290.
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 | $62,920 | -18.99% | 0.10% |
| 2021 | $74,870 | 8.07% | - |
| 2020 | $68,830 | 5.68% | - |
| 2019 | $64,920 | -4.16% | - |
| 2018 | $67,620 | 9.75% | - |
| 2017 | $61,030 | -4.70% | - |
| 2016 | $63,900 | -2.79% | - |
| 2015 | $65,680 | -15.90% | - |
| 2014 | $76,120 | 5.40% | - |
| 2013 | $72,010 | 12.71% | - |
| 2012 | $62,860 | - | - |
From Table 3 we note that the median annual salary of $62,920 in Bakersfield-Delano is in the middle of salary range for loan officers in state of California. In comparison, the annual salary of loan officers in Bakersfield-Delano is 22.7 percent (22.7%) lower than that in the highest paying San Francisco-Oakland-Fremont and 29.4 percent (29.4%) higher than that in the lowest paying Oxnard-Thousand Oaks-Ventura.