The annual salary statistics of loan officers in Baltimore-Towson, Maryland is shown in Table 1. The wage information of loan officers in Baltimore-Towson 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 | $34,590 |
| 25th Percentile Wage | $49,680 |
| 50th Percentile Wage | $68,960 |
| 75th Percentile Wage | $102,620 |
| 90th Percentile Wage | $185,080 |
Table 1 shows the average annual salary for loan officers in Baltimore-Towson, Maryland in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $185,080. The median (50th percentile) annual salary is $68,960. The average annual salary for the bottom 10 percent earners is $34,590.
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 | $68,960 | 9.73% | 24.87% |
| 2021 | $62,250 | -36.03% | - |
| 2020 | $84,680 | 15.42% | - |
| 2019 | $71,620 | 0.21% | - |
| 2018 | $71,470 | 10.30% | - |
| 2017 | $64,110 | 12.51% | - |
| 2016 | $56,090 | 2.14% | - |
| 2015 | $54,890 | -9.44% | - |
| 2014 | $60,070 | 1.50% | - |
| 2013 | $59,170 | 12.44% | - |
| 2012 | $51,810 | - | - |
From Table 3 we note that with a median annual salary of $68,960, Baltimore-Towson is the second highest paying city for loan officers in state of Maryland, following the highest paying city Salisbury (median annual salary of $85,120). Compared with Salisbury, the median annual salary of loan officers in Baltimore-Towson is 19.0 percent (19.0%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| Salisbury | |
| Baltimore-Towson | |
| California-Lexington Park | |
| Bethesda-Rockville-Frederick | |
| Maryland nonmetropolitan area | |
| Upper Eastern Shore nonmetropolitan area |