The annual salary statistics of loan officers in Raleigh-Cary, North Carolina is shown in Table 1. The wage information of loan officers in Raleigh-Cary 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 | $38,990 |
| 25th Percentile Wage | $52,520 |
| 50th Percentile Wage | $73,740 |
| 75th Percentile Wage | $99,110 |
| 90th Percentile Wage | $131,230 |
Table 1 shows the average annual salary for loan officers in Raleigh-Cary, North Carolina in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $131,230. The median (50th percentile) annual salary is $73,740. The average annual salary for the bottom 10 percent earners is $38,990.
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 | $73,740 | -7.51% | 16.52% |
| 2021 | $79,280 | -0.29% | - |
| 2020 | $79,510 | 19.43% | - |
| 2019 | $64,060 | 4.00% | - |
| 2018 | $61,500 | -1.61% | - |
| 2017 | $62,490 | -0.13% | - |
| 2016 | $62,570 | 5.85% | - |
| 2015 | $58,910 | 6.38% | - |
| 2014 | $55,150 | -7.74% | - |
| 2013 | $59,420 | -3.60% | - |
| 2012 | $61,560 | - | - |
From Table 3 we note that the median annual salary of $73,740 in Raleigh-Cary is in the middle of salary range for loan officers in state of North Carolina. In comparison, the annual salary of loan officers in Raleigh-Cary is 12.3 percent (12.3%) lower than that in the highest paying Wilmington and 21.8 percent (21.8%) higher than that in the lowest paying New Bern.