The annual salary statistics of loan officers in Santa Cruz-Watsonville, California is shown in Table 1. The wage data of loan officers in Santa Cruz-Watsonville 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 | $35,360 |
| 25th Percentile Wage | $46,250 |
| 50th Percentile Wage | $61,310 |
| 75th Percentile Wage | $80,530 |
| 90th Percentile Wage | $137,260 |
Table 1 shows the average annual salary for loan officers in Santa Cruz-Watsonville, California in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $137,260. The median (50th percentile) annual salary is $61,310. The average annual salary for the bottom 10 percent earners is $35,360.
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 | $61,310 | -3.46% | -18.37% |
| 2021 | $63,430 | 17.47% | - |
| 2020 | $52,350 | -6.90% | - |
| 2019 | $55,960 | -29.07% | - |
| 2018 | $72,230 | 7.16% | - |
| 2017 | $67,060 | -12.32% | - |
| 2016 | $75,320 | 25.81% | - |
| 2015 | $55,880 | -4.76% | - |
| 2014 | $58,540 | 5.94% | - |
| 2013 | $55,060 | -31.80% | - |
| 2012 | $72,570 | - | - |
From Table 3 we note that the median annual salary of $61,310 in Santa Cruz-Watsonville is in the middle of salary range for loan officers in state of California. In comparison, the annual salary of loan officers in Santa Cruz-Watsonville is 24.7 percent (24.7%) lower than that in the highest paying San Francisco-Oakland-Fremont and 27.5 percent (27.5%) higher than that in the lowest paying Oxnard-Thousand Oaks-Ventura.