The annual salary statistics of loan officers in Cape Coral-Fort Myers, Florida is shown in Table 1. The wage data of loan officers in Cape Coral-Fort Myers 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 | $33,230 |
| 25th Percentile Wage | $38,310 |
| 50th Percentile Wage | $61,990 |
| 75th Percentile Wage | $90,940 |
| 90th Percentile Wage | $135,140 |
Table 1 shows the average annual salary for loan officers in Cape Coral-Fort Myers, Florida in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $135,140. The median (50th percentile) annual salary is $61,990. The average annual salary for the bottom 10 percent earners is $33,230.
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 | $61,990 | 1.27% | -20.62% |
| 2021 | $61,200 | 0.20% | - |
| 2020 | $61,080 | 1.26% | - |
| 2019 | $60,310 | -21.36% | - |
| 2018 | $73,190 | 1.46% | - |
| 2017 | $72,120 | 5.06% | - |
| 2016 | $68,470 | -5.94% | - |
| 2015 | $72,540 | -11.48% | - |
| 2014 | $80,870 | -10.20% | - |
| 2013 | $89,120 | 16.10% | - |
| 2012 | $74,770 | - | - |
From Table 3 we note that the median annual salary of $61,990 in Cape Coral-Fort Myers is in the middle of salary range for loan officers in state of Florida. In comparison, the annual salary of loan officers in Cape Coral-Fort Myers is 23.4 percent (23.4%) lower than that in the highest paying The Villages and 23.5 percent (23.5%) higher than that in the lowest paying Naples-Marco Island.