The annual salary statistics of loan officers in Gulfport-Biloxi, Mississippi is shown in Table 1. The wage information of loan officers in Gulfport-Biloxi 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 | $30,910 |
| 25th Percentile Wage | $37,550 |
| 50th Percentile Wage | $46,750 |
| 75th Percentile Wage | $61,390 |
| 90th Percentile Wage | $99,450 |
Table 1 shows the average annual salary for loan officers in Gulfport-Biloxi, Mississippi in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $99,450. The median (50th percentile) annual salary is $46,750. The average annual salary for the bottom 10 percent earners is $30,910.
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 | $46,750 | -0.62% | -17.67% |
| 2021 | $47,040 | 10.20% | - |
| 2020 | $42,240 | -13.23% | - |
| 2019 | $47,830 | 9.68% | - |
| 2018 | $43,200 | -4.12% | - |
| 2017 | $44,980 | 9.47% | - |
| 2016 | $40,720 | 0.42% | - |
| 2015 | $40,550 | -5.97% | - |
| 2014 | $42,970 | -19.25% | - |
| 2013 | $51,240 | -7.36% | - |
| 2012 | $55,010 | - | - |
From Table 3 we note that the median annual salary of $46,750 in Gulfport-Biloxi is in the middle of salary range for loan officers in state of Mississippi. In comparison, the annual salary of loan officers in Gulfport-Biloxi is 6.1 percent (6.1%) lower than that in the highest paying Jackson and 25.8 percent (25.8%) higher than that in the lowest paying Pascagoula.
| Cities/Areas | Median Annual Salary |
|---|---|
| Jackson | |
| Northwest Mississippi nonmetropolitan area | |
| Northeast Mississippi nonmetropolitan area | |
| Gulfport-Biloxi | |
| Southeast Mississippi nonmetropolitan area | |
| Southwest Mississippi nonmetropolitan area | |
| Hattiesburg | |
| Pascagoula |