The annual salary statistics of loan officers in Riverside-San Bernardino-Ontario, California is shown in Table 1. The wage statistics of loan officers in Riverside-San Bernardino-Ontario 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 | $31,060 |
| 25th Percentile Wage | $47,590 |
| 50th Percentile Wage | $62,550 |
| 75th Percentile Wage | $97,890 |
| 90th Percentile Wage | $166,780 |
Table 1 shows the average annual salary for loan officers in Riverside-San Bernardino-Ontario, California in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $166,780. The median (50th percentile) annual salary is $62,550. The average annual salary for the bottom 10 percent earners is $31,060.
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 | $62,550 | 1.42% | -23.52% |
| 2021 | $61,660 | -11.95% | - |
| 2020 | $69,030 | 2.52% | - |
| 2019 | $67,290 | 16.44% | - |
| 2018 | $56,230 | -13.23% | - |
| 2017 | $63,670 | 4.26% | - |
| 2016 | $60,960 | -34.14% | - |
| 2015 | $81,770 | 3.69% | - |
| 2014 | $78,750 | -2.88% | - |
| 2013 | $81,020 | 4.64% | - |
| 2012 | $77,260 | - | - |
From Table 3 we note that the median annual salary of $62,550 in Riverside-San Bernardino-Ontario is in the middle of salary range for loan officers in state of California. In comparison, the annual salary of loan officers in Riverside-San Bernardino-Ontario is 23.2 percent (23.2%) lower than that in the highest paying San Francisco-Oakland-Fremont and 29.0 percent (29.0%) higher than that in the lowest paying Oxnard-Thousand Oaks-Ventura.