The annual salary statistics of loan officers in Hartford-West Hartford-East Hartford, Connecticut is shown in Table 1. The wage statistics of loan officers in Hartford-West Hartford-East Hartford 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 | $46,930 |
| 25th Percentile Wage | $50,920 |
| 50th Percentile Wage | $62,980 |
| 75th Percentile Wage | $81,070 |
| 90th Percentile Wage | $109,660 |
Table 1 shows the average annual salary for loan officers in Hartford-West Hartford-East Hartford, Connecticut in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $109,660. The median (50th percentile) annual salary is $62,980. The average annual salary for the bottom 10 percent earners is $46,930.
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 | $62,980 | 1.79% | 3.35% |
| 2021 | $61,850 | 0.27% | - |
| 2020 | $61,680 | -11.15% | - |
| 2019 | $68,560 | 3.24% | - |
| 2018 | $66,340 | -0.96% | - |
| 2017 | $66,980 | 4.78% | - |
| 2016 | $63,780 | -1.68% | - |
| 2015 | $64,850 | -2.82% | - |
| 2014 | $66,680 | 7.54% | - |
| 2013 | $61,650 | 1.27% | - |
| 2012 | $60,870 | - | - |
From Table 3 we note that the median annual salary of $62,980 in Hartford-West Hartford-East Hartford is in the middle of salary range for loan officers in state of Connecticut. In comparison, the annual salary of loan officers in Hartford-West Hartford-East Hartford is 17.0 percent (17.0%) lower than that in the highest paying Danbury and 1.6 percent (1.6%) higher than that in the lowest paying Waterbury.
| Cities/Areas | Median Annual Salary |
|---|---|
| Danbury | |
| Bridgeport-Stamford-Norwalk | |
| New Haven | |
| Hartford-West Hartford-East Hartford | |
| Northwestern Connecticut nonmetropolitan area | |
| Waterbury |