The annual salary statistics of loan officers in Oakland-Fremont-Hayward, California is shown in Table 1. The wage data of loan officers in Oakland-Fremont-Hayward 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 | $33,980 |
| 25th Percentile Wage | $51,900 |
| 50th Percentile Wage | $79,480 |
| 75th Percentile Wage | $122,920 |
| 90th Percentile Wage | $178,820 |
Table 1 shows the average annual salary for loan officers in Oakland-Fremont-Hayward, California in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $178,820. The median (50th percentile) annual salary is $79,480. The average annual salary for the bottom 10 percent earners is $33,980.
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 | $79,480 | -8.66% | 11.98% |
| 2016 | $86,360 | 12.86% | - |
| 2015 | $75,250 | 4.09% | - |
| 2014 | $72,170 | 4.00% | - |
| 2013 | $69,280 | -0.98% | - |
| 2012 | $69,960 | - | - |
From Table 3 we note that the median annual salary of $79,480 in Oakland-Fremont-Hayward is in the middle of salary range for loan officers in state of California. In comparison, the annual salary of loan officers in Oakland-Fremont-Hayward is 2.4 percent (2.4%) lower than that in the highest paying San Francisco-Oakland-Fremont and 44.1 percent (44.1%) higher than that in the lowest paying Oxnard-Thousand Oaks-Ventura.