The annual salary statistics of loan officers in Kankakee-Bradley, Illinois is shown in Table 1. The wage information of loan officers in Kankakee-Bradley 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 | $35,880 |
| 25th Percentile Wage | $46,330 |
| 50th Percentile Wage | $59,360 |
| 75th Percentile Wage | $92,590 |
| 90th Percentile Wage | $114,980 |
Table 1 shows the average annual salary for loan officers in Kankakee-Bradley, Illinois in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $114,980. The median (50th percentile) annual salary is $59,360. The average annual salary for the bottom 10 percent earners is $35,880.
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 | $59,360 | -2.88% | 36.42% |
| 2021 | $61,070 | 20.08% | - |
| 2020 | $48,810 | -14.71% | - |
| 2019 | $55,990 | 9.39% | - |
| 2018 | $50,730 | 9.58% | - |
| 2017 | $45,870 | 4.93% | - |
| 2016 | $43,610 | -14.13% | - |
| 2015 | $49,770 | -12.12% | - |
| 2014 | $55,800 | 12.53% | - |
| 2013 | $48,810 | 22.68% | - |
| 2012 | $37,740 | - | - |
From Table 3 we note that the median annual salary of $59,360 in Kankakee-Bradley is in the middle of salary range for loan officers in state of Illinois. In comparison, the annual salary of loan officers in Kankakee-Bradley is 23.8 percent (23.8%) lower than that in the highest paying Chicago-Joliet-Naperville (IL-IN-WI Area) and 19.1 percent (19.1%) higher than that in the lowest paying Bloomington-Normal.