The annual salary statistics of loan officers in San Jose-Sunnyvale-Santa Clara, California is shown in Table 1. The wage information of loan officers in San Jose-Sunnyvale-Santa Clara 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 | $36,360 |
| 25th Percentile Wage | $57,250 |
| 50th Percentile Wage | $76,190 |
| 75th Percentile Wage | $122,890 |
| 90th Percentile Wage | $202,900 |
Table 1 shows the average annual salary for loan officers in San Jose-Sunnyvale-Santa Clara, California in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $202,900. The median (50th percentile) annual salary is $76,190. The average annual salary for the bottom 10 percent earners is $36,360.
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 | $76,190 | 2.90% | 8.94% |
| 2021 | $73,980 | 24.09% | - |
| 2020 | $56,160 | -21.31% | - |
| 2019 | $68,130 | -21.90% | - |
| 2018 | $83,050 | -4.12% | - |
| 2017 | $86,470 | 15.07% | - |
| 2016 | $73,440 | -0.49% | - |
| 2015 | $73,800 | 1.72% | - |
| 2014 | $72,530 | 1.17% | - |
| 2013 | $71,680 | 3.21% | - |
| 2012 | $69,380 | - | - |
From Table 3 we note that the median annual salary of $76,190 in San Jose-Sunnyvale-Santa Clara is in the middle of salary range for loan officers in state of California. In comparison, the annual salary of loan officers in San Jose-Sunnyvale-Santa Clara is 6.4 percent (6.4%) lower than that in the highest paying San Francisco-Oakland-Fremont and 41.7 percent (41.7%) higher than that in the lowest paying Oxnard-Thousand Oaks-Ventura.