The annual salary statistics of loan officers in Lexington-Fayette, Kentucky is shown in Table 1. The wage statistics of loan officers in Lexington-Fayette 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 | $40,310 |
| 25th Percentile Wage | $45,550 |
| 50th Percentile Wage | $62,000 |
| 75th Percentile Wage | $79,910 |
| 90th Percentile Wage | $101,760 |
Table 1 shows the average annual salary for loan officers in Lexington-Fayette, Kentucky in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $101,760. The median (50th percentile) annual salary is $62,000. The average annual salary for the bottom 10 percent earners is $40,310.
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 | $62,000 | -23.55% | 3.60% |
| 2021 | $76,600 | 17.61% | - |
| 2020 | $63,110 | -5.85% | - |
| 2019 | $66,800 | 2.69% | - |
| 2018 | $65,000 | -6.92% | - |
| 2017 | $69,500 | -3.88% | - |
| 2016 | $72,200 | 6.70% | - |
| 2015 | $67,360 | 6.86% | - |
| 2014 | $62,740 | -0.59% | - |
| 2013 | $63,110 | 5.29% | - |
| 2012 | $59,770 | - | - |
From Table 3 we note that the median annual salary of $62,000 in Lexington-Fayette is in the middle of salary range for loan officers in state of Kentucky. In comparison, the annual salary of loan officers in Lexington-Fayette is 4.2 percent (4.2%) lower than that in the highest paying Louisville-Jefferson County and 4.9 percent (4.9%) higher than that in the lowest paying East Kentucky nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| Louisville-Jefferson County | |
| Owensboro | |
| Lexington-Fayette | |
| West Kentucky nonmetropolitan area | |
| West Central Kentucky nonmetropolitan area | |
| South Central Kentucky nonmetropolitan area | |
| Bowling Green | |
| Evansville | |
| Elizabethtown | |
| East Kentucky nonmetropolitan area |