The salary statistics of loan officers in the industry sector of federal, state, and local government are shown in Table 1. In Table 2 we compare loan officer salaries in different industries within the federal, state, and local government sector.
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $50,600 |
| 25th Percentile Wage | $60,530 |
| 50th Percentile Wage | $73,460 |
| 75th Percentile Wage | $86,140 |
| 90th Percentile Wage | $95,380 |
Table 1 shows the average annual salary for loan officers in the industry sector of federal, state, and local government. The salaries are shown in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) loan officers is $95,380. The median annual salary (50th percentile) is $73,460. The average annual salary for the bottom 10 percent paid loan officers is $50,600.
The table and chart below show the trend of the median salary of loan officers in the industry sector of federal, state, and local government from 2012 to 2018.
| Year | Median Salary | Yearly Growth | 6-Year Growth |
|---|---|---|---|
| 2018 | $73,460 | 0.30% | 3.21% |
| 2017 | $73,240 | 0.70% | - |
| 2016 | $72,730 | 0.69% | - |
| 2015 | $72,230 | -1.66% | - |
| 2014 | $73,430 | 3.16% | - |
| 2013 | $71,110 | 0.01% | - |
| 2012 | $71,100 | - | - |
Data source: The national compensation survey conducted by the U.S. Bureau of Labor Statistics (BLS) in 2018 and published in April 2019 [1].