The annual salary statistics of loan officers in Nassau-Suffolk, New York is shown in Table 1. The wage statistics of loan officers in Nassau-Suffolk 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 | $36,900 |
| 25th Percentile Wage | $53,710 |
| 50th Percentile Wage | $83,670 |
| 75th Percentile Wage | $131,210 |
| 90th Percentile Wage | $201,820 |
Table 1 shows the average annual salary for loan officers in Nassau-Suffolk, New York in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $201,820. The median (50th percentile) annual salary is $83,670. The average annual salary for the bottom 10 percent earners is $36,900.
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 | $83,670 | 7.52% | 13.73% |
| 2016 | $77,380 | 6.51% | - |
| 2015 | $72,340 | -3.77% | - |
| 2014 | $75,070 | 1.55% | - |
| 2013 | $73,910 | 2.34% | - |
| 2012 | $72,180 | - | - |
From Table 3 we note that the median annual salary of $83,670 in Nassau-Suffolk is in the middle of salary range for loan officers in state of New York. In comparison, the annual salary of loan officers in Nassau-Suffolk is 13.0 percent (13.0%) lower than that in the highest paying Elmira and 37.9 percent (37.9%) higher than that in the lowest paying Utica-Rome.