The annual salary statistics of loan officers in Palm Bay-Melbourne-Titusville, Florida is shown in Table 1. The wage information of loan officers in Palm Bay-Melbourne-Titusville 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 | $32,660 |
| 25th Percentile Wage | $38,010 |
| 50th Percentile Wage | $58,240 |
| 75th Percentile Wage | $80,740 |
| 90th Percentile Wage | $126,170 |
Table 1 shows the average annual salary for loan officers in Palm Bay-Melbourne-Titusville, Florida in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $126,170. The median (50th percentile) annual salary is $58,240. The average annual salary for the bottom 10 percent earners is $32,660.
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 | $58,240 | 7.64% | 4.34% |
| 2021 | $53,790 | -14.46% | - |
| 2019 | $61,570 | 2.42% | - |
| 2018 | $60,080 | -18.87% | - |
| 2017 | $71,420 | 2.80% | - |
| 2016 | $69,420 | -2.42% | - |
| 2015 | $71,100 | 15.94% | - |
| 2013 | $59,770 | 6.79% | - |
| 2012 | $55,710 | - | - |
From Table 3 we note that the median annual salary of $58,240 in Palm Bay-Melbourne-Titusville is in the middle of salary range for loan officers in state of Florida. In comparison, the annual salary of loan officers in Palm Bay-Melbourne-Titusville is 28.0 percent (28.0%) lower than that in the highest paying The Villages and 18.6 percent (18.6%) higher than that in the lowest paying Naples-Marco Island.