The annual salary statistics of loan officers in Santa Maria-Santa Barbara, California is shown in Table 1. The wage statistics of loan officers in Santa Maria-Santa Barbara 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 | $35,230 |
| 25th Percentile Wage | $46,950 |
| 50th Percentile Wage | $63,470 |
| 75th Percentile Wage | $98,060 |
| 90th Percentile Wage | $150,910 |
Table 1 shows the average annual salary for loan officers in Santa Maria-Santa Barbara, California in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $150,910. The median (50th percentile) annual salary is $63,470. The average annual salary for the bottom 10 percent earners is $35,230.
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 | $63,470 | 0.47% | -6.77% |
| 2021 | $63,170 | 4.94% | - |
| 2020 | $60,050 | -12.82% | - |
| 2019 | $67,750 | -22.44% | - |
| 2018 | $82,950 | -2.05% | - |
| 2017 | $84,650 | 19.94% | - |
| 2016 | $67,770 | -6.79% | - |
| 2015 | $72,370 | 6.36% | - |
| 2012 | $67,770 | - | - |
From Table 3 we note that the median annual salary of $63,470 in Santa Maria-Santa Barbara is in the middle of salary range for loan officers in state of California. In comparison, the annual salary of loan officers in Santa Maria-Santa Barbara is 22.0 percent (22.0%) lower than that in the highest paying San Francisco-Oakland-Fremont and 30.0 percent (30.0%) higher than that in the lowest paying Oxnard-Thousand Oaks-Ventura.