The annual salary statistics of loan officers in Sacramento-Arden-Arcade-Roseville, California is shown in Table 1. The wage statistics of loan officers in Sacramento-Arden-Arcade-Roseville 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 | $31,600 |
| 25th Percentile Wage | $49,960 |
| 50th Percentile Wage | $66,380 |
| 75th Percentile Wage | $98,530 |
| 90th Percentile Wage | $138,520 |
Table 1 shows the average annual salary for loan officers in Sacramento-Arden-Arcade-Roseville, California in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $138,520. The median (50th percentile) annual salary is $66,380. The average annual salary for the bottom 10 percent earners is $31,600.
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 | $66,380 | -6.13% | 2.62% |
| 2021 | $70,450 | 3.65% | - |
| 2020 | $67,880 | 5.49% | - |
| 2019 | $64,150 | 2.37% | - |
| 2018 | $62,630 | -6.90% | - |
| 2017 | $66,950 | -9.32% | - |
| 2016 | $73,190 | 11.70% | - |
| 2015 | $64,630 | -1.81% | - |
| 2014 | $65,800 | 8.60% | - |
| 2013 | $60,140 | -7.48% | - |
| 2012 | $64,640 | - | - |
From Table 3 we note that the median annual salary of $66,380 in Sacramento-Arden-Arcade-Roseville is in the middle of salary range for loan officers in state of California. In comparison, the annual salary of loan officers in Sacramento-Arden-Arcade-Roseville is 18.5 percent (18.5%) lower than that in the highest paying San Francisco-Oakland-Fremont and 33.1 percent (33.1%) higher than that in the lowest paying Oxnard-Thousand Oaks-Ventura.