The annual salary statistics of loan officers in Lowell-Billerica-Chelmsford, New Hampshire is shown in Table 1. The wage information of loan officers in Lowell-Billerica-Chelmsford 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 | $34,230 |
| 25th Percentile Wage | $43,880 |
| 50th Percentile Wage | $65,580 |
| 75th Percentile Wage | $99,470 |
| 90th Percentile Wage | $161,940 |
Table 1 shows the average annual salary for loan officers in Lowell-Billerica-Chelmsford, New Hampshire in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $161,940. The median (50th percentile) annual salary is $65,580. The average annual salary for the bottom 10 percent earners is $34,230.
The table and chart below show the trend of the median salary of loan officers from 2012 to 2017.
| Year | Median Salary | Yearly Growth | 5-Year Growth |
|---|---|---|---|
| 2017 | $65,580 | -13.54% | 11.80% |
| 2015 | $74,460 | 14.45% | - |
| 2014 | $63,700 | 3.05% | - |
| 2013 | $61,760 | 6.35% | - |
| 2012 | $57,840 | - | - |
From Table 3 we note that the median annual salary of $65,580 in Lowell-Billerica-Chelmsford is in the middle of salary range for loan officers in state of New Hampshire. In comparison, the annual salary of loan officers in Lowell-Billerica-Chelmsford is 33.2 percent (33.2%) lower than that in the highest paying Southwestern New Hampshire nonmetropolitan area and 18.3 percent (18.3%) higher than that in the lowest paying Rochester-Dover.