The annual salary statistics of loan officers in Dover-Durham, New Hampshire is shown in Table 1. The wage statistics of loan officers in Dover-Durham 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 | $47,910 |
| 25th Percentile Wage | $55,670 |
| 50th Percentile Wage | $61,630 |
| 75th Percentile Wage | $88,840 |
| 90th Percentile Wage | $127,700 |
Table 1 shows the average annual salary for loan officers in Dover-Durham, New Hampshire in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $127,700. The median (50th percentile) annual salary is $61,630. The average annual salary for the bottom 10 percent earners is $47,910.
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 | $61,630 | -2.97% | -15.33% |
| 2021 | $63,460 | -15.88% | - |
| 2020 | $73,540 | 6.88% | - |
| 2019 | $68,480 | 9.19% | - |
| 2018 | $62,190 | 8.36% | - |
| 2017 | $56,990 | -24.72% | - |
| 2016 | $71,080 | 12.06% | - |
| 2015 | $62,510 | -13.71% | - |
| 2012 | $71,080 | - | - |
From Table 3 we note that the median annual salary of $61,630 in Dover-Durham is in the middle of salary range for loan officers in state of New Hampshire. In comparison, the annual salary of loan officers in Dover-Durham is 37.2 percent (37.2%) lower than that in the highest paying Southwestern New Hampshire nonmetropolitan area and 13.1 percent (13.1%) higher than that in the lowest paying Rochester-Dover.