The annual salary statistics of loan officers in New York-Northern New Jersey-Long Island, New York is shown in Table 1. The wage information of loan officers in New York-Northern New Jersey-Long Island 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 | $47,840 |
| 25th Percentile Wage | $62,410 |
| 50th Percentile Wage | $91,360 |
| 75th Percentile Wage | $131,140 |
| 90th Percentile Wage | $202,140 |
Table 1 shows the average annual salary for loan officers in New York-Northern New Jersey-Long Island, New York in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $202,140. The median (50th percentile) annual salary is $91,360. The average annual salary for the bottom 10 percent earners is $47,840.
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 | $91,360 | -7.24% | -11.68% |
| 2021 | $97,970 | 12.53% | - |
| 2020 | $85,690 | 3.49% | - |
| 2019 | $82,700 | -2.56% | - |
| 2018 | $84,820 | -6.91% | - |
| 2017 | $90,680 | 6.83% | - |
| 2016 | $84,490 | 2.07% | - |
| 2015 | $82,740 | -3.83% | - |
| 2014 | $85,910 | -2.78% | - |
| 2013 | $88,300 | -15.55% | - |
| 2012 | $102,030 | - | - |
From Table 3 we note that the median annual salary of $91,360 in New York-Northern New Jersey-Long Island is in the middle of salary range for loan officers in state of New York. In comparison, the annual salary of loan officers in New York-Northern New Jersey-Long Island is 5.0 percent (5.0%) lower than that in the highest paying Elmira and 43.2 percent (43.2%) higher than that in the lowest paying Utica-Rome.