The annual salary statistics of loan officers in Los Angeles-Long Beach-Anaheim, California is shown in Table 1. The wage information of loan officers in Los Angeles-Long Beach-Anaheim 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 | $31,200 |
| 25th Percentile Wage | $45,130 |
| 50th Percentile Wage | $62,080 |
| 75th Percentile Wage | $94,410 |
| 90th Percentile Wage | $137,410 |
Table 1 shows the average annual salary for loan officers in Los Angeles-Long Beach-Anaheim, California in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $137,410. The median (50th percentile) annual salary is $62,080. The average annual salary for the bottom 10 percent earners is $31,200.
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 | $62,080 | 0.02% | -11.58% |
| 2021 | $62,070 | 0.05% | - |
| 2020 | $62,040 | 4.32% | - |
| 2019 | $59,360 | -0.74% | - |
| 2018 | $59,800 | -7.12% | - |
| 2017 | $64,060 | -8.13% | - |
| 2016 | $69,270 | -11.52% | - |
| 2015 | $77,250 | 10.33% | - |
| 2012 | $69,270 | - | - |
From Table 3 we note that the median annual salary of $62,080 in Los Angeles-Long Beach-Anaheim is in the middle of salary range for loan officers in state of California. In comparison, the annual salary of loan officers in Los Angeles-Long Beach-Anaheim is 23.7 percent (23.7%) lower than that in the highest paying San Francisco-Oakland-Fremont and 28.4 percent (28.4%) higher than that in the lowest paying Oxnard-Thousand Oaks-Ventura.