The annual salary statistics of loan officers in Miami-Miami Beach-Kendall, Florida is shown in Table 1. The wage information of loan officers in Miami-Miami Beach-Kendall 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 | $47,060 |
| 25th Percentile Wage | $56,000 |
| 50th Percentile Wage | $68,990 |
| 75th Percentile Wage | $85,770 |
| 90th Percentile Wage | $129,310 |
Table 1 shows the average annual salary for loan officers in Miami-Miami Beach-Kendall, Florida in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $129,310. The median (50th percentile) annual salary is $68,990. The average annual salary for the bottom 10 percent earners is $47,060.
The table and chart below show the trend of the median salary of loan officers from 2012 to 2017.
| Year | Median Salary | Yearly Growth | 5-Year Growth |
|---|---|---|---|
| 2017 | $68,990 | -6.81% | 1.38% |
| 2016 | $73,690 | -6.98% | - |
| 2015 | $78,830 | 2.19% | - |
| 2014 | $77,100 | 3.00% | - |
| 2013 | $74,790 | 9.03% | - |
| 2012 | $68,040 | - | - |
From Table 3 we note that the median annual salary of $68,990 in Miami-Miami Beach-Kendall is in the middle of salary range for loan officers in state of Florida. In comparison, the annual salary of loan officers in Miami-Miami Beach-Kendall is 14.7 percent (14.7%) lower than that in the highest paying The Villages and 31.3 percent (31.3%) higher than that in the lowest paying Naples-Marco Island.