The annual salary statistics of loan officers in Panama City-Lynn Haven-Panama City Beach, Florida is shown in Table 1. The wage information of loan officers in Panama City-Lynn Haven-Panama City Beach 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 | $38,270 |
| 25th Percentile Wage | $45,350 |
| 50th Percentile Wage | $48,900 |
| 75th Percentile Wage | $58,110 |
| 90th Percentile Wage | $80,080 |
Table 1 shows the average annual salary for loan officers in Panama City-Lynn Haven-Panama City Beach, Florida in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $80,080. The median (50th percentile) annual salary is $48,900. The average annual salary for the bottom 10 percent earners is $38,270.
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 | $48,900 | 4.13% | -44.31% |
| 2021 | $46,880 | -0.73% | - |
| 2020 | $47,220 | -26.26% | - |
| 2019 | $59,620 | -7.60% | - |
| 2018 | $64,150 | 9.87% | - |
| 2017 | $57,820 | 1.89% | - |
| 2016 | $56,730 | -8.46% | - |
| 2015 | $61,530 | -29.27% | - |
| 2014 | $79,540 | 1.81% | - |
| 2013 | $78,100 | 9.64% | - |
| 2012 | $70,570 | - | - |
From Table 3 we note that the median annual salary of $48,900 in Panama City-Lynn Haven-Panama City Beach is in the middle of salary range for loan officers in state of Florida. In comparison, the annual salary of loan officers in Panama City-Lynn Haven-Panama City Beach is 39.6 percent (39.6%) lower than that in the highest paying The Villages and 3.1 percent (3.1%) higher than that in the lowest paying Naples-Marco Island.