The annual salary statistics of loan officers in Davenport-Moline-Rock Island, Iowa is shown in Table 1. The wage information of loan officers in Davenport-Moline-Rock Island 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 | $42,520 |
| 25th Percentile Wage | $50,450 |
| 50th Percentile Wage | $64,260 |
| 75th Percentile Wage | $100,080 |
| 90th Percentile Wage | $127,920 |
Table 1 shows the average annual salary for loan officers in Davenport-Moline-Rock Island, Iowa in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $127,920. The median (50th percentile) annual salary is $64,260. The average annual salary for the bottom 10 percent earners is $42,520.
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 | $64,260 | 6.27% | 13.87% |
| 2021 | $60,230 | -3.22% | - |
| 2020 | $62,170 | -2.59% | - |
| 2019 | $63,780 | 9.34% | - |
| 2018 | $57,820 | 4.03% | - |
| 2017 | $55,490 | -10.74% | - |
| 2016 | $61,450 | 3.91% | - |
| 2015 | $59,050 | 6.06% | - |
| 2014 | $55,470 | -3.46% | - |
| 2013 | $57,390 | 3.55% | - |
| 2012 | $55,350 | - | - |
From Table 3 we note that the median annual salary of $64,260 in Davenport-Moline-Rock Island is in the middle of salary range for loan officers in state of Iowa. In comparison, the annual salary of loan officers in Davenport-Moline-Rock Island is 35.9 percent (35.9%) lower than that in the highest paying Southwest Iowa nonmetropolitan area and .2 percent (.2%) higher than that in the lowest paying Iowa City.
| Cities/Areas | Median Annual Salary |
|---|---|
| Southwest Iowa nonmetropolitan area | |
| Des Moines-West Des Moines | |
| Dubuque | |
| Ames | |
| Cedar Rapids | |
| Southeast Iowa nonmetropolitan area | |
| Northwest Iowa nonmetropolitan area | |
| Waterloo-Cedar Falls | |
| Northeast Iowa nonmetropolitan area | |
| Davenport-Moline-Rock Island | |
| Iowa City |