The annual salary statistics of loan officers in Vallejo-Fairfield, California is shown in Table 1. The wage data of loan officers in Vallejo-Fairfield 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 | $35,080 |
| 25th Percentile Wage | $54,500 |
| 50th Percentile Wage | $79,480 |
| 75th Percentile Wage | $105,240 |
| 90th Percentile Wage | $165,840 |
Table 1 shows the average annual salary for loan officers in Vallejo-Fairfield, California in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $165,840. The median (50th percentile) annual salary is $79,480. The average annual salary for the bottom 10 percent earners is $35,080.
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 | $79,480 | -0.15% | -2.57% |
| 2021 | $79,600 | 20.60% | - |
| 2020 | $63,200 | -0.85% | - |
| 2019 | $63,740 | 5.96% | - |
| 2018 | $59,940 | -13.98% | - |
| 2017 | $68,320 | 0.20% | - |
| 2016 | $68,180 | -22.91% | - |
| 2014 | $83,800 | -3.72% | - |
| 2013 | $86,920 | 6.21% | - |
| 2012 | $81,520 | - | - |
From Table 3 we note that the median annual salary of $79,480 in Vallejo-Fairfield is in the middle of salary range for loan officers in state of California. In comparison, the annual salary of loan officers in Vallejo-Fairfield is 2.4 percent (2.4%) lower than that in the highest paying San Francisco-Oakland-Fremont and 44.1 percent (44.1%) higher than that in the lowest paying Oxnard-Thousand Oaks-Ventura.