The annual salary statistics of loan officers in Taunton-Norton-Raynham, Massachusetts is shown in Table 1. The wage information of loan officers in Taunton-Norton-Raynham 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 | $30,440 |
| 25th Percentile Wage | $53,260 |
| 50th Percentile Wage | $67,950 |
| 75th Percentile Wage | $93,210 |
| 90th Percentile Wage | $117,640 |
Table 1 shows the average annual salary for loan officers in Taunton-Norton-Raynham, Massachusetts in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $117,640. The median (50th percentile) annual salary is $67,950. The average annual salary for the bottom 10 percent earners is $30,440.
The table and chart below show the trend of the median salary of loan officers from 2012 to 2017.
| Year | Median Salary | Yearly Growth | 5-Year Growth |
|---|---|---|---|
| 2017 | $67,950 | 2.47% | -14.85% |
| 2016 | $66,270 | -7.94% | - |
| 2015 | $71,530 | -10.95% | - |
| 2014 | $79,360 | -0.52% | - |
| 2013 | $79,770 | 2.17% | - |
| 2012 | $78,040 | - | - |
From Table 3 we note that the median annual salary of $67,950 in Taunton-Norton-Raynham is in the middle of salary range for loan officers in state of Massachusetts. In comparison, the annual salary of loan officers in Taunton-Norton-Raynham is 16.0 percent (16.0%) lower than that in the highest paying Boston-Cambridge-Quincy and 14.1 percent (14.1%) higher than that in the lowest paying Northwest Massachusetts nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| Boston-Cambridge-Quincy | |
| Barnstable Town | |
| Pittsfield | |
| Leominster-Fitchburg-Gardner | |
| Peabody | |
| New Bedford | |
| Brockton-Bridgewater-Easton | |
| Boston-Cambridge-Quincy | |
| Worcester | |
| Springfield | |
| Massachusetts nonmetropolitan area | |
| Framingham | |
| Taunton-Norton-Raynham | |
| Northwest Massachusetts nonmetropolitan area |