The annual salary statistics of loan officers in Hickory-Lenoir-Morganton, North Carolina is shown in Table 1. The wage statistics of loan officers in Hickory-Lenoir-Morganton 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 | $32,650 |
| 25th Percentile Wage | $47,070 |
| 50th Percentile Wage | $61,510 |
| 75th Percentile Wage | $79,030 |
| 90th Percentile Wage | $128,210 |
Table 1 shows the average annual salary for loan officers in Hickory-Lenoir-Morganton, North Carolina in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $128,210. The median (50th percentile) annual salary is $61,510. The average annual salary for the bottom 10 percent earners is $32,650.
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 | $61,510 | 3.63% | 12.29% |
| 2021 | $59,280 | -21.24% | - |
| 2020 | $71,870 | 10.73% | - |
| 2019 | $64,160 | -12.55% | - |
| 2018 | $72,210 | 19.08% | - |
| 2017 | $58,430 | 1.30% | - |
| 2016 | $57,670 | 7.07% | - |
| 2015 | $53,590 | 0.80% | - |
| 2014 | $53,160 | -16.50% | - |
| 2013 | $61,930 | 12.89% | - |
| 2012 | $53,950 | - | - |
From Table 3 we note that the median annual salary of $61,510 in Hickory-Lenoir-Morganton is in the middle of salary range for loan officers in state of North Carolina. In comparison, the annual salary of loan officers in Hickory-Lenoir-Morganton is 26.8 percent (26.8%) lower than that in the highest paying Wilmington and 6.2 percent (6.2%) higher than that in the lowest paying New Bern.