The annual salary statistics of loan officers in Shreveport-Bossier City, Louisiana is shown in Table 1. The wage data of loan officers in Shreveport-Bossier City 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 | $33,200 |
| 25th Percentile Wage | $38,830 |
| 50th Percentile Wage | $45,270 |
| 75th Percentile Wage | $62,190 |
| 90th Percentile Wage | $80,680 |
Table 1 shows the average annual salary for loan officers in Shreveport-Bossier City, Louisiana in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $80,680. The median (50th percentile) annual salary is $45,270. The average annual salary for the bottom 10 percent earners is $33,200.
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 | $45,270 | -9.15% | 11.60% |
| 2021 | $49,410 | 7.87% | - |
| 2020 | $45,520 | -4.61% | - |
| 2019 | $47,620 | 17.85% | - |
| 2018 | $39,120 | -3.35% | - |
| 2017 | $40,430 | 4.45% | - |
| 2016 | $38,630 | -3.62% | - |
| 2015 | $40,030 | -2.05% | - |
| 2014 | $40,850 | -4.55% | - |
| 2013 | $42,710 | 6.30% | - |
| 2012 | $40,020 | - | - |
From Table 3 we note that the median annual salary of $45,270 in Shreveport-Bossier City is in the middle of salary range for loan officers in state of Louisiana. In comparison, the annual salary of loan officers in Shreveport-Bossier City is 41.0 percent (41.0%) lower than that in the highest paying New Iberia nonmetropolitan area and 16.6 percent (16.6%) higher than that in the lowest paying Hammond nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| New Iberia nonmetropolitan area | |
| Lafayette | |
| Hammond | |
| Baton Rouge | |
| Houma-Bayou Cane-Thibodaux | |
| New Orleans-Metairie-Kenner | |
| Lake Charles | |
| Monroe | |
| Winnsboro nonmetropolitan area | |
| Natchitoches nonmetropolitan area | |
| Southwest Louisiana nonmetropolitan area | |
| Alexandria | |
| Shreveport-Bossier City | |
| Hammond nonmetropolitan area |