The annual salary statistics of loan officers in Los Angeles-Long Beach-Glendale, California is shown in Table 1. The wage data of loan officers in Los Angeles-Long Beach-Glendale 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 | $31,550 |
| 25th Percentile Wage | $44,820 |
| 50th Percentile Wage | $64,820 |
| 75th Percentile Wage | $100,110 |
| 90th Percentile Wage | $153,710 |
Table 1 shows the average annual salary for loan officers in Los Angeles-Long Beach-Glendale, California in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $153,710. The median (50th percentile) annual salary is $64,820. The average annual salary for the bottom 10 percent earners is $31,550.
The table and chart below show the trend of the median salary of loan officers from 2012 to 2017.
| Year | Median Salary | Yearly Growth | 5-Year Growth |
|---|---|---|---|
| 2017 | $64,820 | -10.15% | -22.23% |
| 2016 | $71,400 | -5.41% | - |
| 2015 | $75,260 | -10.44% | - |
| 2014 | $83,120 | 2.49% | - |
| 2013 | $81,050 | 2.25% | - |
| 2012 | $79,230 | - | - |
From Table 3 we note that the median annual salary of $64,820 in Los Angeles-Long Beach-Glendale 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-Glendale is 20.4 percent (20.4%) lower than that in the highest paying San Francisco-Oakland-Fremont and 31.4 percent (31.4%) higher than that in the lowest paying Oxnard-Thousand Oaks-Ventura.