The annual salary statistics of loan officers in Santa Rosa-Petaluma, California is shown in Table 1. The wage statistics of loan officers in Santa Rosa-Petaluma 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 | $33,290 |
| 25th Percentile Wage | $44,530 |
| 50th Percentile Wage | $64,590 |
| 75th Percentile Wage | $104,350 |
| 90th Percentile Wage | $156,060 |
Table 1 shows the average annual salary for loan officers in Santa Rosa-Petaluma, California in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $156,060. The median (50th percentile) annual salary is $64,590. The average annual salary for the bottom 10 percent earners is $33,290.
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 | $64,590 | -17.73% | -2.66% |
| 2021 | $76,040 | 25.74% | - |
| 2020 | $56,470 | 6.52% | - |
| 2019 | $52,790 | -28.93% | - |
| 2018 | $68,060 | 6.74% | - |
| 2017 | $63,470 | -5.29% | - |
| 2016 | $66,830 | 6.34% | - |
| 2015 | $62,590 | 0.86% | - |
| 2014 | $62,050 | -8.72% | - |
| 2013 | $67,460 | 1.70% | - |
| 2012 | $66,310 | - | - |
From Table 3 we note that the median annual salary of $64,590 in Santa Rosa-Petaluma is in the middle of salary range for loan officers in state of California. In comparison, the annual salary of loan officers in Santa Rosa-Petaluma is 20.7 percent (20.7%) lower than that in the highest paying San Francisco-Oakland-Fremont and 31.2 percent (31.2%) higher than that in the lowest paying Oxnard-Thousand Oaks-Ventura.