The annual salary statistics of loan officers in Kahului-Wailuku-Lahaina, Hawaii is shown in Table 1. The wage statistics of loan officers in Kahului-Wailuku-Lahaina 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 | $32,530 |
| 25th Percentile Wage | $43,120 |
| 50th Percentile Wage | $65,950 |
| 75th Percentile Wage | $90,440 |
| 90th Percentile Wage | $167,080 |
Table 1 shows the average annual salary for loan officers in Kahului-Wailuku-Lahaina, Hawaii in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $167,080. The median (50th percentile) annual salary is $65,950. The average annual salary for the bottom 10 percent earners is $32,530.
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 | $65,950 | 2.61% | -3.08% |
| 2021 | $64,230 | 14.53% | - |
| 2020 | $54,900 | 1.22% | - |
| 2019 | $54,230 | 3.41% | - |
| 2018 | $52,380 | -37.23% | - |
| 2017 | $71,880 | 5.43% | - |
| 2016 | $67,980 | 27.27% | - |
| 2015 | $49,440 | -37.50% | - |
| 2012 | $67,980 | - | - |
From Table 3 we note that with a median annual salary of $65,950, Kahului-Wailuku-Lahaina is the second highest paying city for loan officers in state of Hawaii, following the highest paying city Urban Honolulu (median annual salary of $72,030). Compared with Urban Honolulu, the median annual salary of loan officers in Kahului-Wailuku-Lahaina is 8.4 percent (8.4%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| Urban Honolulu | |
| Kahului-Wailuku-Lahaina | |
| Hawaii-Maui-Kauai nonmetropolitan area | |
| Honolulu |