The annual salary statistics of loan officers in San Francisco-San Mateo-Redwood City, California is shown in Table 1. The wage data of loan officers in San Francisco-San Mateo-Redwood City 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 | $32,160 |
| 25th Percentile Wage | $45,900 |
| 50th Percentile Wage | $64,740 |
| 75th Percentile Wage | $103,200 |
| 90th Percentile Wage | $171,830 |
Table 1 shows the average annual salary for loan officers in San Francisco-San Mateo-Redwood City, California in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $171,830. The median (50th percentile) annual salary is $64,740. The average annual salary for the bottom 10 percent earners is $32,160.
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 | $64,740 | -14.01% | -37.43% |
| 2016 | $73,810 | 0.09% | - |
| 2015 | $73,740 | -21.85% | - |
| 2014 | $89,850 | 3.26% | - |
| 2013 | $86,920 | -2.36% | - |
| 2012 | $88,970 | - | - |
From Table 3 we note that the median annual salary of $64,740 in San Francisco-San Mateo-Redwood City is in the middle of salary range for loan officers in state of California. In comparison, the annual salary of loan officers in San Francisco-San Mateo-Redwood City is 20.5 percent (20.5%) 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.