The annual salary statistics of loan officers in West Palm Beach-Boca Raton-Boynton Beach, Florida is shown in Table 1. The wage statistics of loan officers in West Palm Beach-Boca Raton-Boynton 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 | $33,980 |
| 25th Percentile Wage | $51,350 |
| 50th Percentile Wage | $78,060 |
| 75th Percentile Wage | $107,410 |
| 90th Percentile Wage | $190,400 |
Table 1 shows the average annual salary for loan officers in West Palm Beach-Boca Raton-Boynton Beach, Florida in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $190,400. The median (50th percentile) annual salary is $78,060. The average annual salary for the bottom 10 percent earners is $33,980.
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 | $78,060 | -20.50% | 15.51% |
| 2016 | $94,060 | 0.14% | - |
| 2015 | $93,930 | 8.20% | - |
| 2014 | $86,230 | 12.46% | - |
| 2013 | $75,490 | 12.64% | - |
| 2012 | $65,950 | - | - |
From Table 3 we note that with a median annual salary of $78,060, West Palm Beach-Boca Raton-Boynton Beach is the second highest paying city for loan officers in state of Florida, following the highest paying city The Villages (median annual salary of $80,910). Compared with The Villages, the median annual salary of loan officers in West Palm Beach-Boca Raton-Boynton Beach is 3.5 percent (3.5%) lower.