The annual salary statistics of loan officers in Lakeland-Winter Haven, Florida is shown in Table 1. The wage data of loan officers in Lakeland-Winter Haven 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 | $34,490 |
| 25th Percentile Wage | $39,170 |
| 50th Percentile Wage | $59,060 |
| 75th Percentile Wage | $92,630 |
| 90th Percentile Wage | $129,100 |
Table 1 shows the average annual salary for loan officers in Lakeland-Winter Haven, Florida in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $129,100. The median (50th percentile) annual salary is $59,060. The average annual salary for the bottom 10 percent earners is $34,490.
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 | $59,060 | 0.64% | 3.67% |
| 2021 | $58,680 | -18.17% | - |
| 2020 | $69,340 | -2.49% | - |
| 2019 | $71,070 | 1.48% | - |
| 2018 | $70,020 | -4.86% | - |
| 2017 | $73,420 | -8.74% | - |
| 2016 | $79,840 | 9.47% | - |
| 2015 | $72,280 | 11.69% | - |
| 2014 | $63,830 | 6.55% | - |
| 2013 | $59,650 | 4.63% | - |
| 2012 | $56,890 | - | - |
From Table 3 we note that the median annual salary of $59,060 in Lakeland-Winter Haven is in the middle of salary range for loan officers in state of Florida. In comparison, the annual salary of loan officers in Lakeland-Winter Haven is 27.0 percent (27.0%) lower than that in the highest paying The Villages and 19.7 percent (19.7%) higher than that in the lowest paying Naples-Marco Island.