The annual salary statistics of loan officers in Louisville-Jefferson County, Kentucky is shown in Table 1. The wage data of loan officers in Louisville-Jefferson County 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 | $41,050 |
| 25th Percentile Wage | $48,070 |
| 50th Percentile Wage | $64,730 |
| 75th Percentile Wage | $93,820 |
| 90th Percentile Wage | $129,920 |
Table 1 shows the average annual salary for loan officers in Louisville-Jefferson County, Kentucky in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $129,920. The median (50th percentile) annual salary is $64,730. The average annual salary for the bottom 10 percent earners is $41,050.
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 | $64,730 | 3.12% | 25.12% |
| 2021 | $62,710 | 6.94% | - |
| 2020 | $58,360 | 0.60% | - |
| 2019 | $58,010 | -5.22% | - |
| 2018 | $61,040 | -7.45% | - |
| 2017 | $65,590 | -2.35% | - |
| 2016 | $67,130 | -2.01% | - |
| 2015 | $68,480 | 11.52% | - |
| 2014 | $60,590 | 7.58% | - |
| 2013 | $56,000 | 13.45% | - |
| 2012 | $48,470 | - | - |
From Table 3 we note that with a median annual salary of $64,730, Louisville-Jefferson County is the highest paying city for loan officers in state of Kentucky, followed by Owensboro (median annual salary $63,510). In comparison, the median annual salary of loan officers in Louisville-Jefferson County is 1.9 percent (1.9%) higher than that in Owensboro.
| 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 |