The annual salary statistics of loan officers in Crestview-Fort Walton Beach-Destin, Florida is shown in Table 1. The wage information of loan officers in Crestview-Fort Walton Beach-Destin 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 | $24,000 |
| 25th Percentile Wage | $37,300 |
| 50th Percentile Wage | $49,820 |
| 75th Percentile Wage | $81,330 |
| 90th Percentile Wage | $125,980 |
Table 1 shows the average annual salary for loan officers in Crestview-Fort Walton Beach-Destin, Florida in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $125,980. The median (50th percentile) annual salary is $49,820. The average annual salary for the bottom 10 percent earners is $24,000.
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 | $49,820 | -21.72% | -7.91% |
| 2021 | $60,640 | 17.48% | - |
| 2020 | $50,040 | 8.23% | - |
| 2019 | $45,920 | -29.27% | - |
| 2018 | $59,360 | 5.80% | - |
| 2017 | $55,920 | -4.51% | - |
| 2016 | $58,440 | 3.29% | - |
| 2015 | $56,520 | 3.52% | - |
| 2014 | $54,530 | 0.24% | - |
| 2013 | $54,400 | 1.18% | - |
| 2012 | $53,760 | - | - |
From Table 3 we note that the median annual salary of $49,820 in Crestview-Fort Walton Beach-Destin is in the middle of salary range for loan officers in state of Florida. In comparison, the annual salary of loan officers in Crestview-Fort Walton Beach-Destin is 38.4 percent (38.4%) lower than that in the highest paying The Villages and 4.9 percent (4.9%) higher than that in the lowest paying Naples-Marco Island.