The annual salary statistics of loan officers in Lewiston-Auburn, Maine is shown in Table 1. The wage data of loan officers in Lewiston-Auburn 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 | $41,880 |
| 25th Percentile Wage | $48,540 |
| 50th Percentile Wage | $75,970 |
| 75th Percentile Wage | $101,170 |
| 90th Percentile Wage | $151,560 |
Table 1 shows the average annual salary for loan officers in Lewiston-Auburn, Maine in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $151,560. The median (50th percentile) annual salary is $75,970. The average annual salary for the bottom 10 percent earners is $41,880.
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 | $75,970 | -0.58% | 30.39% |
| 2021 | $76,410 | 19.76% | - |
| 2020 | $61,310 | 1.09% | - |
| 2019 | $60,640 | -6.83% | - |
| 2018 | $64,780 | 1.27% | - |
| 2017 | $63,960 | 18.61% | - |
| 2016 | $52,060 | 6.65% | - |
| 2015 | $48,600 | -8.46% | - |
| 2014 | $52,710 | -7.40% | - |
| 2013 | $56,610 | 6.59% | - |
| 2012 | $52,880 | - | - |
From Table 3 we note that with a median annual salary of $75,970, Lewiston-Auburn is the highest paying city for loan officers in state of Maine, followed by Portland-South Portland-Biddeford (median annual salary $73,780). In comparison, the median annual salary of loan officers in Lewiston-Auburn is 2.9 percent (2.9%) higher than that in Portland-South Portland-Biddeford.
| Cities/Areas | Median Annual Salary |
|---|---|
| Lewiston-Auburn | |
| Portland-South Portland-Biddeford | |
| Bangor | |
| Southwest Maine nonmetropolitan area | |
| Northeast Maine nonmetropolitan area |