The annual salary statistics of loan officers in Capital-Northern New York nonmetropolitan area, New York is shown in Table 1. The wage statistics of loan officers in Capital-Northern New York nonmetropolitan area 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 | $38,570 |
| 25th Percentile Wage | $46,650 |
| 50th Percentile Wage | $63,160 |
| 75th Percentile Wage | $87,860 |
| 90th Percentile Wage | $129,650 |
Table 1 shows the average annual salary for loan officers in Capital-Northern New York nonmetropolitan area, New York in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $129,650. The median (50th percentile) annual salary is $63,160. The average annual salary for the bottom 10 percent earners is $38,570.
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 | $63,160 | 3.64% | 25.70% |
| 2021 | $60,860 | 14.69% | - |
| 2020 | $51,920 | 7.40% | - |
| 2019 | $48,080 | 3.81% | - |
| 2018 | $46,250 | 10.53% | - |
| 2017 | $41,380 | 3.46% | - |
| 2016 | $39,950 | -13.62% | - |
| 2015 | $45,390 | -27.74% | - |
| 2014 | $57,980 | 7.95% | - |
| 2013 | $53,370 | 12.07% | - |
| 2012 | $46,930 | - | - |
From Table 3 we note that the median annual salary of $63,160 in Capital-Northern New York nonmetropolitan area is in the middle of salary range for loan officers in state of New York. In comparison, the annual salary of loan officers in Capital-Northern New York nonmetropolitan area is 34.4 percent (34.4%) lower than that in the highest paying Elmira and 17.8 percent (17.8%) higher than that in the lowest paying Utica-Rome.