The annual salary statistics of loan officers in San Luis Obispo-Paso Robles, California is shown in Table 1. The wage information of loan officers in San Luis Obispo-Paso Robles 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 | $36,890 |
| 25th Percentile Wage | $57,770 |
| 50th Percentile Wage | $67,940 |
| 75th Percentile Wage | $103,380 |
| 90th Percentile Wage | $178,470 |
Table 1 shows the average annual salary for loan officers in San Luis Obispo-Paso Robles, California in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $178,470. The median (50th percentile) annual salary is $67,940. The average annual salary for the bottom 10 percent earners is $36,890.
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 | $67,940 | -11.47% | 13.54% |
| 2021 | $75,730 | 11.57% | - |
| 2020 | $66,970 | -4.91% | - |
| 2019 | $70,260 | 3.84% | - |
| 2018 | $67,560 | 1.14% | - |
| 2017 | $66,790 | -2.71% | - |
| 2016 | $68,600 | -16.52% | - |
| 2015 | $79,930 | -3.17% | - |
| 2014 | $82,460 | 23.68% | - |
| 2013 | $62,930 | 6.66% | - |
| 2012 | $58,740 | - | - |
From Table 3 we note that the median annual salary of $67,940 in San Luis Obispo-Paso Robles is in the middle of salary range for loan officers in state of California. In comparison, the annual salary of loan officers in San Luis Obispo-Paso Robles is 16.5 percent (16.5%) lower than that in the highest paying San Francisco-Oakland-Fremont and 34.6 percent (34.6%) higher than that in the lowest paying Oxnard-Thousand Oaks-Ventura.