The annual salary statistics of loan officers in San Francisco-Oakland-Fremont, California is shown in Table 1. The wage data of loan officers in San Francisco-Oakland-Fremont 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 | $36,860 |
| 25th Percentile Wage | $58,290 |
| 50th Percentile Wage | $81,410 |
| 75th Percentile Wage | $128,150 |
| 90th Percentile Wage | $208,050 |
Table 1 shows the average annual salary for loan officers in San Francisco-Oakland-Fremont, California in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $208,050. The median (50th percentile) annual salary is $81,410. The average annual salary for the bottom 10 percent earners is $36,860.
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 | $81,410 | -12.25% | 7.00% |
| 2021 | $91,380 | 23.47% | - |
| 2020 | $69,930 | 5.96% | - |
| 2019 | $65,760 | 4.03% | - |
| 2018 | $63,110 | -14.23% | - |
| 2017 | $72,090 | -12.23% | - |
| 2016 | $80,910 | 7.07% | - |
| 2015 | $75,190 | -1.90% | - |
| 2014 | $76,620 | 3.82% | - |
| 2013 | $73,690 | -2.74% | - |
| 2012 | $75,710 | - | - |
From Table 3 we note that with a median annual salary of $81,410, San Francisco-Oakland-Fremont is the highest paying city for loan officers in state of California, followed by Los Angeles-Long Beach-Santa Ana (median annual salary $80,360). In comparison, the median annual salary of loan officers in San Francisco-Oakland-Fremont is 1.3 percent (1.3%) higher than that in Los Angeles-Long Beach-Santa Ana.