The annual salary statistics of loan officers in Atlantic City-Hammonton, New Jersey is shown in Table 1. The wage data of loan officers in Atlantic City-Hammonton 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 | $45,860 |
| 25th Percentile Wage | $56,900 |
| 50th Percentile Wage | $58,870 |
| 75th Percentile Wage | $74,750 |
| 90th Percentile Wage | $141,960 |
Table 1 shows the average annual salary for loan officers in Atlantic City-Hammonton, New Jersey in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $141,960. The median (50th percentile) annual salary is $58,870. The average annual salary for the bottom 10 percent earners is $45,860.
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 | $58,870 | -13.69% | 58.28% |
| 2021 | $66,930 | 7.69% | - |
| 2020 | $61,780 | -7.35% | - |
| 2019 | $66,320 | 4.54% | - |
| 2018 | $63,310 | 10.77% | - |
| 2017 | $56,490 | 3.01% | - |
| 2016 | $54,790 | -24.24% | - |
| 2015 | $68,070 | -12.63% | - |
| 2014 | $76,670 | -4.28% | - |
| 2013 | $79,950 | 69.28% | - |
| 2012 | $24,560 | - | - |
From Table 3 we note that the median annual salary of $58,870 in Atlantic City-Hammonton is in the middle of salary range for loan officers in state of New Jersey. In comparison, the annual salary of loan officers in Atlantic City-Hammonton is 27.0 percent (27.0%) lower than that in the highest paying Edison-New Brunswick and 22.7 percent (22.7%) higher than that in the lowest paying Ocean City.
| Cities/Areas | Median Annual Salary |
|---|---|
| Edison-New Brunswick | |
| Camden | |
| Trenton-Ewing | |
| Vineland-Millville-Bridgeton | |
| Wilmington | |
| Atlantic City-Hammonton | |
| Ocean City |