The annual salary statistics of loan officers in Winston-Salem, North Carolina is shown in Table 1. The wage statistics of loan officers in Winston-Salem 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 | $45,540 |
| 25th Percentile Wage | $50,680 |
| 50th Percentile Wage | $61,970 |
| 75th Percentile Wage | $80,420 |
| 90th Percentile Wage | $103,740 |
Table 1 shows the average annual salary for loan officers in Winston-Salem, North Carolina in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $103,740. The median (50th percentile) annual salary is $61,970. The average annual salary for the bottom 10 percent earners is $45,540.
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 | $61,970 | 0.65% | -5.52% |
| 2021 | $61,570 | -2.00% | - |
| 2020 | $62,800 | -13.55% | - |
| 2019 | $71,310 | 2.75% | - |
| 2018 | $69,350 | 2.93% | - |
| 2017 | $67,320 | 17.02% | - |
| 2016 | $55,860 | 3.03% | - |
| 2015 | $54,170 | -17.13% | - |
| 2014 | $63,450 | -7.25% | - |
| 2013 | $68,050 | 3.91% | - |
| 2012 | $65,390 | - | - |
From Table 3 we note that the median annual salary of $61,970 in Winston-Salem is in the middle of salary range for loan officers in state of North Carolina. In comparison, the annual salary of loan officers in Winston-Salem is 26.3 percent (26.3%) lower than that in the highest paying Wilmington and 6.9 percent (6.9%) higher than that in the lowest paying New Bern.