The annual salary statistics of loan officers in Visalia-Porterville, California is shown in Table 1. The wage information of loan officers in Visalia-Porterville 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 | $33,330 |
| 25th Percentile Wage | $47,190 |
| 50th Percentile Wage | $61,020 |
| 75th Percentile Wage | $87,260 |
| 90th Percentile Wage | $135,340 |
Table 1 shows the average annual salary for loan officers in Visalia-Porterville, California in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $135,340. The median (50th percentile) annual salary is $61,020. The average annual salary for the bottom 10 percent earners is $33,330.
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 | $61,020 | -3.20% | -47.18% |
| 2021 | $62,970 | -14.51% | - |
| 2020 | $72,110 | 11.70% | - |
| 2019 | $63,670 | -9.58% | - |
| 2018 | $69,770 | 3.80% | - |
| 2017 | $67,120 | 7.87% | - |
| 2016 | $61,840 | 0.86% | - |
| 2015 | $61,310 | -46.49% | - |
| 2012 | $89,810 | - | - |
From Table 3 we note that the median annual salary of $61,020 in Visalia-Porterville is in the middle of salary range for loan officers in state of California. In comparison, the annual salary of loan officers in Visalia-Porterville is 25.0 percent (25.0%) lower than that in the highest paying San Francisco-Oakland-Fremont and 27.2 percent (27.2%) higher than that in the lowest paying Oxnard-Thousand Oaks-Ventura.