The annual salary statistics of loan officers in Denver-Aurora-Broomfield, Colorado is shown in Table 1. The wage data of loan officers in Denver-Aurora-Broomfield 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 | $29,440 |
| 25th Percentile Wage | $46,630 |
| 50th Percentile Wage | $72,330 |
| 75th Percentile Wage | $104,530 |
| 90th Percentile Wage | $125,300 |
Table 1 shows the average annual salary for loan officers in Denver-Aurora-Broomfield, Colorado in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $125,300. The median (50th percentile) annual salary is $72,330. The average annual salary for the bottom 10 percent earners is $29,440.
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 | $72,330 | -8.75% | 14.53% |
| 2021 | $78,660 | 24.03% | - |
| 2020 | $59,760 | 1.87% | - |
| 2019 | $58,640 | -6.74% | - |
| 2018 | $62,590 | 2.41% | - |
| 2017 | $61,080 | -5.68% | - |
| 2016 | $64,550 | 7.45% | - |
| 2015 | $59,740 | -12.62% | - |
| 2014 | $67,280 | -2.47% | - |
| 2013 | $68,940 | 10.33% | - |
| 2012 | $61,820 | - | - |
From Table 3 we note that the median annual salary of $72,330 in Denver-Aurora-Broomfield is in the middle of salary range for loan officers in state of Colorado. In comparison, the annual salary of loan officers in Denver-Aurora-Broomfield is 11.7 percent (11.7%) lower than that in the highest paying Boulder and 37.9 percent (37.9%) higher than that in the lowest paying Central Colorado nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| Boulder | |
| Fort Collins-Loveland | |
| West Colorado nonmetropolitan area | |
| Greeley | |
| Colorado Springs | |
| Denver-Aurora-Broomfield | |
| Grand Junction | |
| East and South Colorado nonmetropolitan area | |
| Northcentral Colorado nonmetropolitan area | |
| Pueblo | |
| Central Colorado nonmetropolitan area |