The annual salary statistics of loan officers in Fayetteville-Springdale-Rogers, Missouri is shown in Table 1. The wage data of loan officers in Fayetteville-Springdale-Rogers 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 | $36,540 |
| 25th Percentile Wage | $57,450 |
| 50th Percentile Wage | $78,220 |
| 75th Percentile Wage | $107,630 |
| 90th Percentile Wage | $136,360 |
Table 1 shows the average annual salary for loan officers in Fayetteville-Springdale-Rogers, Missouri in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $136,360. The median (50th percentile) annual salary is $78,220. The average annual salary for the bottom 10 percent earners is $36,540.
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 | $78,220 | 1.39% | 22.54% |
| 2021 | $77,130 | 12.93% | - |
| 2020 | $67,160 | 7.39% | - |
| 2019 | $62,200 | -2.28% | - |
| 2018 | $63,620 | 5.22% | - |
| 2017 | $60,300 | 1.31% | - |
| 2016 | $59,510 | 3.65% | - |
| 2015 | $57,340 | 0.73% | - |
| 2014 | $56,920 | -2.41% | - |
| 2013 | $58,290 | -3.95% | - |
| 2012 | $60,590 | - | - |
From Table 3 we note that with a median annual salary of $78,220, Fayetteville-Springdale-Rogers is the highest paying city for loan officers in state of Missouri, followed by Kansas City (median annual salary $76,180). In comparison, the median annual salary of loan officers in Fayetteville-Springdale-Rogers is 2.6 percent (2.6%) higher than that in Kansas City.
| Cities/Areas | Median Annual Salary |
|---|---|
| Fayetteville-Springdale-Rogers | |
| Kansas City | |
| Joplin | |
| St Louis | |
| Springfield | |
| Southwest Missouri nonmetropolitan area | |
| Cape Girardeau-Jackson | |
| St Joseph | |
| Central Missouri nonmetropolitan area | |
| Southeast Missouri nonmetropolitan area | |
| Jefferson City | |
| North Missouri nonmetropolitan area | |
| Columbia |